Bybit and American University of Sharjah Partner to Advance Blockchain Education in UAE

Bybit, a prominent global cryptocurrency exchange platform, has partnered strategically with the American University of Sharjah (AUS) to promote and advance blockchain education in the United Arab Emirates (UAE). The collaboration aims to foster wider acceptance and understanding of cryptocurrencies in the region.

The partnership between Bybit, currently the third-largest crypto exchange platform worldwide, and AUS was inaugurated with a memorandum of understanding (MoU) signing ceremony in Sharjah. As part of this alliance, Bybit has committed to providing a significant grant of AED 1,000,000 to establish the Bybit Scholarship fund at AUS. The scholarship fund will support 20 students pursuing studies and research in fintech and blockchain, with a particular focus on computer science and computer engineering disciplines. Deserving candidates will be eligible for the scholarship starting in the upcoming fall semester.

In addition to the scholarship program, Bybit has set aside an extra AED 100,000 to organize the AUS-Bybit Inter-College Hackathon, which will take place at the AUS College of Engineering during the 2023-2024 academic year. The hackathon aims to

The United Arab Emirates has been witnessing a surge in digital asset innovation, with Dubai serving as a hub for over 772 crypto-focused companies. Recognizing the growing importance of cryptocurrencies in the commercial sector, there is a rising demand for professionals skilled in blockchain technology. The partnership between Bybit and AUS aims to bridge this skills gap and equip students with the necessary expertise to excel in the evolving crypto and blockchain industry.

Dr. Susan Mumm, Chancellor of AUS, praised the collaboration, emphasizing the significance of connecting academia with industry. She stated, “The Bybit Scholarship is instrumental in enabling our students to keep pace with the fast-moving crypto and blockchain industry. This partnership not only enhances their skill sets but also provides them with essential financial support, empowering them to contribute meaningfully to the future of the industry.”

Ben Zhou, co-founder, and CEO of Bybit, expressed his excitement about the potential of the younger generation to drive industry transformation. He said, “Through the Bybit Scholarship, we aim to empower AUS students with the necessary resources to lead in the industry’s future. We are grateful for the opportunity to collaborate with one of the region’s top academic institutions and eagerly look forward to the innovative contributions that the forthcoming generation of engineers, blockchain specialists, and Web3 startup creators will offer.”

The partnership between Bybit and AUS signifies a significant step in advancing blockchain education in the UAE. By supporting students’ academic pursuits, providing financial assistance, and fostering innovation through the hackathon, the collaboration aims to create a new generation of skilled professionals who will play a vital role in shaping the future of the crypto and blockchain industry in the region.