Gox exchange. This is seen by some as people around the world increasingly betting on the crypto currency. The University of Nicosia also proposes a policy framework for developing Cyprus into a hub for Bitcoin trading, processing and banking. Digital currency will create more efficient services and will serve as a mechanism for spreading financial services to under-banked regions of the world.
UNic, formerly known as Intercollege is the largest private university in Cyprus with 5, students. Tags: business , Cyprus University. You must be logged in to post a comment. Cyprus University world first to accept bitcoins for tuition 8 years ago Posted in: Business , Crypto Views. Tourism or Hospitality Studies in Argentina. In the place where innovative education, cutting-edge research andcommunity outreach intersect, you'll find Simon Fraser University.
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Bitcoin payments are converted into Swiss francs once a week, or once a day if more than 10, Swiss francs are acquired. According to Bitcoin. As bitcoin and other cryptocurrencies become more popular and widely accepted, expect to see universities around the world to not only accept them as payment, but also introduce courses focused on blockchain technology.
Fortunately, universities in the U. Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in a number of cryptocurrency markets. Their personal investment perspectives have no impact on editorial content. Care about supporting clean energy adoption? Find out how much money and planet! By signing up through this link , Futurism.
Using Bitcoin for Tuition Payments Bitcoin has been used to buy homes , and countries like Venezuela and Vietnam are beginning to truly embrace the currency. Share This Article. More on Future Society. In a statement in the second quarter, the university said that it will allow students to pay their tuition fees using select cryptocurrencies like Bitcoin, Ether, and XRP.
The management cited the need to be accommodative to students preferring these digital currencies. It also said that it will store its cryptocurrencies and assess when to convert them into fiat currencies. Lucerne University of Applied Sciences is a leading Swiss university with more than 12, students. The university is publicly funded by the six cantons of Central Switzerland. In a statement in , the university announced that it would start accepting Bitcoin for tuition.
The management said:. At the time, the management cited the need to be more inclusive especially to foreign students. In the short term, it will apply to foreign students. It is unclear whether the university is still accepting Bitcoin after its price crashed in before rebounding in the following years.
Still, universities accepting Bitcoin and other cryptocurrencies are facing significant challenges. For one, cryptocurrency regulations in most countries are still relatively new. At the same time, while Bitcoin has matured, it is still a relatively risky medium of exchange.
Home News Bitcoin for Education? These are the Universities that are Accepting Cryptocurrency as Payment. Crispus Nyaga.
University of Nicosia, Cyprus. King's College, New York. Innovation and Entrepreneur Business School, Spain.