University in Cyprus Now Accepting Bitcoin For Tuition Payments
How would you like to go to school and pay in Bitcoin while doing so? A Cyprus University is doing just that. The University of Nicosia is now allowing students to pay their tuition bills and other fees using Bitcoin. It's the first University in the world to do so, and hopefully it sets a trend for colleges elsewhere around the world. "We are acutely aware that digital currency is an inevitable technical development that will lead to significant innovation," says Dr. Christos Vlachos, who is a part of the Council of UNic and works as the school's chief financial officer. How soon until we....
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The University of Nicosia has received its first tuition payment from a student using bitcoin. Back in November, the Cypriot university announced it would accept the cryptocurrency for tuition and fee payments, becoming the world's first accredited university to do so. By late November the university had received a payment from Francois Rossouw, a South African student. Rossouw paid 1 BTC towards tuition for an online Master of Business Administration degree, so he could be on his way to receive the first bitcoin-funded MBA. He said: "I am honoured to be a part of this historical occasion.....
Cyprus was long used as an offshore haven for fiat currencies, but the financial crisis of 2012-2013 culminated in massive levies on uninsured bank accounts in Cyprus with deposits of at least 100,000 euro. That was in the spring of 2013, and the so-called “bail-in” shook many people’s confidence in the security of their fiat wealth. Bitcoin’s value against fiat currencies took off right around this same time, leading many to conclude there was a significant causal effect. Since then, Cyprus has become a hotbed of Bitcoin and cryptocoin activity. The University of Nicosia began accepting....
Mexico's Universidad de las Américas Puebla (UDLAP) reportedly became the first institution in Latin America to welcome bitcoin on campus last month, after a coffee shop began accepting payments in the cryptocurrency. In so doing, the university joined a growing list of global higher education institutions which have also embraced the digital currency. Here's a run-down of some of the most crypto-friendly universities from across the globe. 1. Cyprus' University of Nicosia. In November 2013, the University of Nicosia in Cyprus (UNIC) became the first in the world to accept bitcoin for....
The King's College, a private Christian liberal arts college located in New York City's financial district, is now accepting bitcoin for tuition and other expenses through a partnership with merchant processor Coin.co. The announcement by The King's College marks the latest major university to accept bitcoin following decisions from the University of Nicosia in Cyprus and more recently the UK's University of Cumbria. Although California-based online and residential school Draper University announced its decision to accept bitcoin in 2013, the move by The King's College into the bitcoin....