University in Cyprus Receives First Tuition Payment in Bitcoin
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.....
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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....
It wasn't terribly long ago that a news report came out noting that a Cyprus Univerity was taking the bold step to accept bitcoin tuition payments. Now, it would appear as if the first student has paid his bill using the cryptocurrency at the University of Nicosia. South Africa student Francois Rossouw paid 1 BTC on November 27th for an online class, hoping to advance in his pursuit of a master's degree in business administration. "I am honored to be a part of this historical occasion. Being able to pay for a world-class tertiary education with Bitcoin was a dream of many but few believed....
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....
College tuition fees are expensive. It costs most students tens of thousands of dollars to achieve a degree education, which for many families is simply unaffordable. However, with digital currencies becoming increasingly popular, you might be wondering whether you can use your store of bitcoin to pay your college fees. At the moment, Bitcoin is not widely accepted in the mainstream world, so if you want to study for a masters in public health at the University of Arizona, you need some dollars in your bank account. However, there are a few enlightened educational establishments who have....
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....