Binance Charity, the philanthropic arm of the world’s largest crypto exchange, has announced plans to fund 30,665 Web3 scholarships in 2023.

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The Binance Charity Scholar Program (BCSP) aims to enable the next generation of students to develop skills and experience in Web3 without facing financial barriers. Binance Charity explained in a blog post:

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“We recognize that digital education and skills development can be out of reach for many, resulting in a blockchain industry that lacks diversity and talent. The Binance Scholar Program changes all that, covering the costs of tuition and course fees at some of the world’s leading universities, colleges, and vocational training providers.”

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Amongst the schools involved include the University of Western Australia, the University of Nicosia in Cyprus, the Frankfurt School of Finance & Management in Germany, and the Nigerian-based technology hub, Utiva.

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Binance Charity said they also partnered with Ukrainian-based facilities to help re-train Ukrainians who may have lost their jobs due to the war with Russia.

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Over the past six months, Binance Charity has donated more than $2.2 million in BUSD —  a fiat-backed stablecoin issued by Binance and Paxos — and granted 36,500 scholarships from 82,000 applications.

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