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The University of Pennsylvania Received an Anonymous Bitcoin Gift Worth $5 Million

Bitcoin investors may not experience the best of time, but The University of Pennsylvania is probably rejoicing, as yesterday, it has received an anonymous Bitcoin gift worth $5 million. It was also confirmed that this represents the highest crypto donation or gift that the university has ever collected.

NYDIG will be in charge of processing the transaction. The university confirmed that the proceeds would be directed towards the educational and research efforts in FinTech, at the Stevens Centre for Innovation in Finance, at Wharton School.

The President of the University, Amy Gutmann, declared:

“As the nature of philanthropy continues to evolve, Penn stands at the forefront of innovative ways to make a difference in the world. I am deeply grateful for this creative and groundbreaking gift to support the important work of the Stevens Center. At the Center, the intersection of finance and technology is being reinvented through research, exploratory projects, and engagement with industry leaders, to make the greatest global contributions.”

The Stevens Centre for Innovation in Finance was created in 1991, and it represents the top institute for educational and research purposes in the field of FinTech.

Wharton Dean Erika James declared:

“With finance at the heart, history, and future of the Wharton School, we are honoured to receive this incredible gift. This investment marks a new era and mode of giving to the University and lifts up opportunities for students to become tomorrow’s leaders in finance—through exceptional coursework and transformative interactions with policymakers and industry experts. The blend of innovative philanthropy with the outcomes this promises for students makes this a truly exciting moment for the Wharton community.”

Source: Coingape.com

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