Topic: Accepting btc of tuitions payments for College/students? (Read 884 times)

I don't think there is anything to do with stable money running a country and accepting the BTC as a mode of payment. Whether it is tuition fees, purchasing a car, lending the money or buying an entire villa with Bitcoin, it doesn't really matter.

All that matters is a buyer is ready to pay with Bitcoin while a seller is ready to sell for Bitcoin. That is all that matters mate. Now these things will not hamper the nation because Bitcoin has nothing to do with the national treasury. Every country they are stabilizing the nations wealth in their own currency with their own agendas.

We should stop thinking in a way where we correlate Bitcoin with the stability of the nation. That doesn't really fit into the math.

The likelihood of that happening is quite high. Becoming an alternative payment method doesn't seem like a bad idea... in fact, it could streamline processes if both parties (universities and students) are knowledgeable about it.
Realistically, I see this happening sooner for universities with programs related to cryptocurrency or blockchain.
They could adopt cryptocurrency payments while implementing the practical use of what students are learning. There's nothing wrong with this approach.

Don't he surprised when you see some private schools start to accept bitcoin, more importantly when they have owner that is smart enough to accumulate bitcoin before the bullrun as we are already expecting halving very soon. Some private organization are disguising already trying to stash many bitcoin so they can unload it off after it has increased in price, I expect some school to do so or may be in the future.

Everything about bitcoin adoption is in the legal tender status, if  bitcoin received a legal tender status in a country, then everyone must be ready to accept bitcoin when people want to buy or sell anything and the people must comply. With this first stage, schools and business owners will established way to accept bitcoin so that people can pay up. Don't be shock that people are really wanting this as well but legality is the reason why they are yet to do anything about it.

I feel like this is basically school to school basis thing and not really a national thing but also if a nation has plenty of these schools then it will become more common for others to start accepting it as well. I hope that people could see the difference and could maybe do something regarding this situation, and I think the best thing to do in this case would be a better situation.

I think we could potentially see a few schools accepting, ones with some proper name, as long as bitcoin is legal, and I do not mean legal tender, just legal to accept then we could see some schools starting to do that. I hope to see the situation grow and be better, and as many schools as possible start accepting it, that would be lovely for sure.

I think this depends upon the educational institution if it is public or privately held.

Generally, private institutions have their discretion about their payment methods. Since an educational institution should be as understanding as possible, there is that possibility that they may accept BTC as payment.

As for public institutions in which the government controls the school, there is a high probability that BTC payments would not be accepted. Also, this is heavily dependent on its view about cryptocurrencies. Naturally, if the government of such country has a negative view on it, expect that it will not be accepted. On the other hand, if the government is in favor of cryptocurrencies, then there is that possibility that it may be accepted.

At the end of the day, to also save you the hassle, if you have enough BTCs to pay for your tuition, then convert them to your local currency through p2p or through some other method that will guarantee payment.

We can see now shops that have their QR codes posted on the front of their stores and this can be done by the registrars or cashiers of the universities for them to be able to pay for their tuition fees. With these qr codes, we don't know if these are btc wallets directly from the wallets that we actually use.

Or, they are the QR codes that are provided by the third-party services that accepts payment in Bitcoin and they are the ones to process and convert it instantly for the customer. In this time, it's very easy for most people to accept service and payments in cryptocurrencies and especially for Bitcoin when there are a lot of payment processors can do it.

That means Bitcoin is increasingly recognized as a digital currency that provides many benefits and many advantages, depending on how they use it.
Bitcoin adoption in several countries makes Bitcoin increasingly in demand and a clear example is the country of El Salvador which continues to be consistent with Bitcoin.

But we also need to be aware that those who reject Bitcoin and ban it also have reasons about how Bitcoin risks and cryptocurrencies risk.
Seeing how the percentage of Bitcoin increases every year, small adoptions or large adoptions are done well and crypto education is starting to run.

The future is a long way and none of us knows what the future of bitcoin holds for us all in terms of using it as another means of payment.

Bitcoin used as payment for tuition fees in the future can be possible or not. By the way, bitcoin is not up to two decades of existence and it has gained trust and popularity in some countries to make it legal in their country.

I believe it is a gradual process and a matter of time, through how Bitcoin has spread and been accepted by many people globally, we would know whether it will be possible to have it as payment of tuition fees allowed in schools since some countries like El Salvador and the Democratic Republic of Congo have openly declared bitcoin to be legal in their country.

I dont know if this one is already given or not but there are already universities which are accepting crypto payment into their tuition.
Also, im not aware if this one is updated actively or an old list but at least we are seeing that its there.

Lucerne University of Applied Sciences and Arts
European School of Management and Technology
University of Nicosia
FPT University   Vietnam
Universidad Americana
.....and so on.

Source: https://www.missioncriticalmagazine.com/articles/94801-these-45-universities-accept-cryptocurrency-for-tuition

It is really that showing that acceptance and recognition is really that moving.
Sooner in later years,then it would be that more rampant and acceptance is more higher but of course this isnt
something that could happen in most countries. There would be those places which do totally ban crypto on which it isnt shocking.

I think it should be very possible because there are some large stores that are receiving Bitcoin now, and the fact is that Bitcoin is becoming more popular day by day, and the number of people adopting it is increasing with each passing day. With the positive signs we are seeing in the crypto industry, it will not even take long before a lot of big companies and organizations start accepting Bitcoin. It is true that the price of Bitcoin is not stable, but I don't think that is the main reason why many companies are not accepting it. I think the main reason is that governments have put bans on it in some countries, so for that reason, many people don't have access to make use of it.just imagine if you are in a country where the government has banned bitcoin. It will be very hard for any company in that country to accept bitcoin because people do not make use of it.

It would really be nice if you can give us names of some of these institutions that accept Bitcoin already, probably those outside El Salvador and Central African Republic where Bitcoin is already a legal tender. Perhaps I have not been following so well on Bitcoin news to have missed the part where there are institutions that accept Bitcoin outside the countries I mentioned above.


On the contrary, I think volatility is still a major challenge. Do you think someone whose heart is not too strong in Bitcoin yet and who started accepting Bitcoin will find it funny when his $100 payment reduces to like $90 within few days. It takes only a strong believer for Bitcoin and probably someone holding and not eager to sell to understand the situation and not someone who needs to sell the Bitcoin and probably buy goods to stock his shop. So, the volatility is still a bottleneck that even discourage a lot of people from accepting Bitcoin.

A long time to be generally accepted but their few out of many that accept Bitcoin since El Salvador made a legal tender their colleges accept Bitcoin and it won't be long again before it will become an option of payment, it is just a matter of time that people will switch and that spending bitcoin, in my country some months back when there was cash scarcity bitcoin would have fit in and with the kind of network it will make the transaction very easy and fast,  the best thing I love about bitcoin that it is decentralized and it is better that way and governments are find a way by all means to control bitcoin, and any country can decide to use it for payment of tuition fee so everything depends on how they want to use bitcoin in their financial system, el salvador use it now does not give other countries the right to talk about or do anything to el Salvador because they are investing in bitcoin.

I do agree, but you also have to look at some teachers that are not that technical. I mean we can picture teachers as old so they might have a problem trying to figure out how to convert bitcoin to fiat. Or maybe they won't accept bitcoin as payment method for their teaching.

Yes, there have been some big universities already accepting bitcoin as payment method, even during 2017, if I'm not mistaken, some schools around EU and US started it already. But it doesn't mean though that they are going to pay their professors or teaching with bitcoin.

If at all teachers accept to recieve bitcoin as payment I don't think volatility will be a problem because after receiving bitcoin some can decide to hodl for investment and can still decide to convert it to fiat. Their are  people who receive bitcoin as salary, it is not everyone who keep their bitcoin,  some convert instantly because maybe it is only their source of income. But it will be a nice experience to see schools start accepting bitcoin for payments.

While its true that Bitcoin's acceptance for tuition payments and as legal tender in some countries showcases its growing legitimacy, your view on price fluctuations seems overly simplistic. Yes, fiat value reference does mitigate immediate impacts, but isnt this reliance on fiat contrary to Bitcoin's ethos of autonomy? We must acknowledge the broader implications. Price volatility isn't just about more or less Bitcoin; its about uncertainty and its psychological impact on users and institutions. Conversion platforms? They are mere Band-Aids on a deeper wound. True, hey provide a temporary fix and a revenue stream for developers, but is this sustainable? Is fostering an ecosystem dependent on constant conversions and commissions genuinely beneficial for Bitcoin's long-term vision? These platforms could inadvertently reinforce Bitcoin's image as a speculative tool rather than a stable currency. Lets not confuse temporary solutions with long-term viability. Bitcoin's future hinges on addressing these fundamental challenges, not just exploiting them for short-term gains.

What about some large stores or companies that do accept bitcoin payment methods? How is that possible? If you think bitcoin can't be accepted on a large scale, then let's wait and see. The main reason why bitcoin is not really accepted as a payment method in most countries is due to restrictions. Most countries are placing bans on bitcoin, but I am sure with time they won't have a choice but to lift all those bans. By then, everyone will be able to use bitcoin freely.

You so confident that bitcoin will never be accepted in any educational institution? I want you to give a reason why you think bitcoin will never be accepted. You're talking about the unstable market price, I don't think that's really an excuse. Most of the businesses that accept bitcoin as a payment method know about the unstable market price. So what's the difference between those businesses and educational institutions? I don't think you have any reason to say bitcoin can never be accepted in educational institutions.

By the way, as I just said in my previous post, there was a school that I heard about on the news that accept bitcoin in my country, actually, I don't know if they are still accepting bitcoin, because there was a certain time when a ban was placed on all the accounts that had bitcoin transaction histories, so i guess they will have stopped. I can't remember the name of the institution because it is a private institution and not even in my state.

I think it's definitely possible in the future if a teacher accepts bitcoin payments for tuition. If that teacher knows the Bitcoin relationship and is well-versed about the students and Bitcoin, it is definitely possible if they agree on a salary with each other. And I think taking Bitcoin payments might be a good initiative if it's a teacher doing it with their student. And if Bitcoin Siemens doesn't accept due to market volatility then I think it might be a mistake in his mind. And only people who know Bitcoin well and think positively about its future will take this initiative.

Cute there are institutions that accepts the payment of tuition fees in Bitcoin and there are countries aswell where Bitcoin is a legal tender, if they allow payment in Bitcoin it will always be relatively to the Fiat value so the fluctuations in the price of Bitcoin wouldn't be a challenge because there's a reference Fiat value, you may only require some more units of Bitcoin at some point and maybe less in the later, same applies to the institution but then payment converters will help mediate such that both parties will be even regardless of the fluctuations.

So I don't see the fluctuations as a problem rather it's even an opportunity for techies to develop more convertion platforms and received commissions especially in countries where Bitcoin is now a legal tender.

It's possible that Bitcoin will be accepted in schools later in the future, but this would certainly not be in every country since most countries would avoid this for obvious reasons. Bitcoin is too private and it's a decentralized currency, so to control, monitor and make it add to the economy of the country is not possible for the central authority.

Fine, what you are asking is very possible, and it's what would happen when the coin has been legalized by any country in the world. This means that every individual, government and private establishment must accept Bitcoin and not reject it for any reason whatsoever. This is what is happening now in El Salvador, Bitcoin is legalized in that country and I am sure that the schools would have had the gateway for it that will make it possible for their students and the intending ones to pay through it.

Another downside of Bitcoin that most schools might be wary of even if it's being legalized is the volatility. Bitcoin could dangerously fluctuate which is not a good sign for an investment like schools and other establishments. Even if some agree to accept it as a payment means, they might be quick to discard it and change it to fiat money as it's not all establishments that are speculative in nature.

actually this is what I am looking now as my eldest is going to college next year so if there will
be a school or university that will accept Bitcoin or at least even stable  coins because I have been readying
His school fees from Bitcoin holdings .

and I am completely ready for the next year Bullrun to use (as I believe it will double or even
more the amount I readied for Him so like your hope? this is also mine mate.