US University allowed tuition fees to be paid in cryptocurrency

A course dedicated to digital assets will also be launched in the fall

05.05.2022 - 08:50

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What’s new? Bentley University, a private university, in cooperation with the Coinbase crypto exchange, has added the option of paying tuition fees in digital assets. Students can use cryptocurrencies such as Bitcoin, Ethereum, and USDC stablecoin. Those wishing to donate will also be able to do so using cryptocurrencies.

News on the Bentley University website

What else is known about the University’s plans? In addition to crypto tuition payments, a new course dedicated to digital assets, blockchain technology, and the field of decentralized finance (DeFi) will be launched for students. University President LaBrent Chrite stressed that the institution was at the forefront of training business leaders with the skills and knowledge to succeed in the changing global economy.

Last year Bentley University became one of the first educational institutions to issue NFT. The event was dedicated to the induction of basketball coach Barbara Stevens into the Naismith Hall of Fame.

What events happened before? From 2022, the University of Johannesburg (UJ) would begin issuing blockchain-based certificates to prevent forgery and fraud.

In May, luxury health club Equinox became the first in New York City where customers would be able to pay for classes using cryptocurrencies. And in early April, the Italian luxury brand Off-White began accepting cryptocurrency payments in stores in London, Paris, and Milan. The company made payments available in cryptocurrencies such as Bitcoin, Binance Coin, Ethereum, Ripple, and stablecoins USDT and USDC.

In mid-April, Dutch VIP travel agency Taylor Travel Management also began accepting cryptocurrencies as part of a partnership agreement with the BitPay payment service.

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