Accepting btc of tuitions payments for College/students? - page 4.

yudi09

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Quote from: Jocuserious on August 27, 2023, 12:18:34 PM

Is it possible in future students to pay tuition with cryptocurrency like btc or another.

Why is it not possible as long as universities allow paying college fees with bitcoin.

Quote from: Jocuserious on August 27, 2023, 12:18:34 PM

As we all know that only stable money can run a country, moreover btc price is unstable so you can't do that even if you want to.

Maybe the colleges that accept bitcoin as payment of fees are very limited although there are several universities in different countries that do accept it as someone has mentioned here.
If a university only accepts tuition payments in a stable currency, don't use bitcoin. Use another stable currency. Meanwhile, bitcoin is sufficient to be used as a long-term investment asset.

If you are in an urgent situation to pay tuition fees, people still have other alternatives that can be a solution, they can still convert bitcoin into fiat currency to pay tuition fees.

jeraldskie11

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Quote from: Jocuserious on August 27, 2023, 12:18:34 PM

Is it possible in future students to pay tuition with cryptocurrency like btc or another. As we all know that only stable money can run a country, moreover btc price is unstable so you can't do that even if you want to.

It's really possible for Bitcoin to be used as payment for tuition. We are aiming that Bitcoin will be used as payment in any establishments in the world legally. And if that would happen, surely paying tuition with Bitcoin is acceptable. Since Bitcoin is volatile unlike fiat, it will be difficult for now to school to accept this but we can still make lower the volatility of Bitcoin if the marketcap will be doubled and with the current price. Time will come that all the good things we hope with Bitcoin will happen. We just have to be positive.

xSkylarx

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There are a couple of universities that accept Bitcoin to pay their tuition but not in my country Even though Bitcoin is not banned or legal in our countries but still, few merchants still accept it How much more are the universities? Though those countries that legalize Bitcoin like El Salvador for sure they will accept Bitcoin, Bitcoin is still not recognized by the government There is none so the only solution really is to convert it to your own fiat and pay your tuition.

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Quote from: Jocuserious on August 27, 2023, 12:18:34 PM

Is it possible in future students to pay tuition with cryptocurrency like btc or another. As we all know that only stable money can run a country, moreover btc price is unstable so you can't do that even if you want to.

It is possible even in the present, there are a lot of universities and colleges that accept payments in cryptocurrencies, particularly Bitcoin, it just depends on where that university or institute is located and the take of the government about Bitcoin and cryptocurrencies. If the country is crypto-friendly and isn't strictly against the use of cryptocurrencies, then there won't be any problems for those institutions accepting cryptocurrencies as there won't be legal issues.

And, a merchant or an institution accepting Bitcoin or other cryptocurrencies as payment doesn't really need them to have a stable price since they can always have a setup where they will have these cryptocurrencies sold directly at the market rate when they are received unless they are willing to hold them.

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Quote from: Jocuserious on August 27, 2023, 12:18:34 PM

Is it possible in future students to pay tuition with cryptocurrency like btc or another. As we all know that only stable money can run a country, moreover btc price is unstable so you can't do that even if you want to.

If possible in fact some universities, have already seen this type of case of course, it is where governments have a little flexibility on the issue of virtual currencies, since if this is not the case, it may take a little longer This fact, and yet there may already be universities that allow this without having the approval of the government, they simply receive them without saying anything, all this will depend a lot on the laws and the order that is carried out for this type of management. But, even so, if there is the option of exchanging bitcoin for Fiat, I believe that life should not be so complicated, these assets can be used through this method and cancel the enrollment in this way until the bitcoin is accepted in its entirety in countries around the world…why limit ourselves when this virtual world gives us so many options that it allows us to play with the system in the meantime.

SquirrelJulietGarden

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Quote from: Magic-Money on August 28, 2023, 02:28:05 AM

Bitcoin is not stable, when it comes for actual price of Bitcoin, while making payments, it can change either higher or low

Bitcoin is not stable, in fact it is volatile but it does not have big crash too often. Usually, it does not fall or increase 3%, 5% or bigger percent every 15 minutes or even a few hours.

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but that should not be a barrier of not using Bitcoin as tuition payment, because you can used converter process or even used stable coin to proceed your payment as well

If you accept bitcoin as a tuition fee, you must either consider it as your store of asset and as your investment in bitcoin, indirectly from tuition fees of your students. If you don't want to avoid price change, you can convert bitcoin to stable coin or fiat currency. Stable coin is even risky and bad stable coins can be worse than bitcoin.

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the major things is that the country the country you're into have government approved Bitcoin transaction in the country, if yes it added advantage, just a matter of time Bitcoin Will be accepted and approved by government.

Governments don't approve Bitcoin transactions. Miners confirm transactions and Bitcoin nodes verify transactions for you. Governments only legalize or illegalize Bitcoin purchases as either a currency, security or commodity. They can not do anything with Bitcoin transactions, they can not confirm, approve or censor any Bitcoin transaction.

Magic-Money

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Bitcoin is not stable, when it comes for actual price of Bitcoin, while making payments, it can change either higher or low, but that should not be a barrier of not using Bitcoin as tuition payment, because you can used converter process or even used stable coin to proceed your payment as well, the major things is that the country the country you're into have government approved Bitcoin transaction in the country, if yes it added advantage, just a matter of time Bitcoin Will be accepted and approved by government.

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Quote from: Jocuserious on August 27, 2023, 12:18:34 PM

Is it possible in future students to pay tuition with cryptocurrency like btc or another. As we all know that only stable money can run a country, moreover btc price is unstable so you can't do that even if you want to.

I believe there are some college schools that are already doing this where they also accept bitcoins for their student's enrollment. giving them the opportunity to use their bitcoins and the schools are willing to take the risk in order to have some investment in bitcoins as well. I don't know if that went well for the school because I never heard any news of such kind nowadays. But to be honest, that's how it should be because despite the hostility of the other nations against bitcoins, others shouldn't be bothered with it and we should actually have such kinds of options when paying tuition in schools.

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Quote from: Jocuserious on August 27, 2023, 12:18:34 PM

Is it possible in future students to pay tuition with cryptocurrency like btc or another. As we all know that only stable money can run a country, moreover btc price is unstable so you can't do that even if you want to.

It's hard, but still possible.
I mean if the university will accept it then I guess there's nothing wrong. Aside from that, if the teachers will accept being paid thru Bitcoin then it's good, but I doubt that all of them will agree into it.

Universities don't want to make risks because we know that Bitcoin's volatile, and because of it, they might incur losses instead of just being paid thru fiat. Right now, I doubt that there will be many universities that will accept crypto, and there's no universities/colleges here in our country that are accepting Bitcoin as payment for the student's tuition fees.

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Quote from: Jocuserious on August 27, 2023, 12:18:34 PM

Is it possible in future students to pay tuition with cryptocurrency like btc or another. As we all know that only stable money can run a country, moreover btc price is unstable so you can't do that even if you want to.

There are several universities that are already accepting Bitcoin payment for tuitions and other fees, and if we make further research, it's very possible that there are several secondary schools too, that are already accepting Bitcoin payment for school fees and all that ..
So let me just say that you are wrong in your assumptions , if businesses are accepting Bitcoin for payment for their goods or services not minding in instability in the price of Bitcoin colleges/universities are businesses too and they can accept Bitcoin payment for tuitions if they want , it all boils down to their interest, some of this schools accepting Bitcoin can keep the Bitcoin as a long term investment for the school, while those who need the money for urgent use can convert to fiat , withdraw and use for that ever purpose they need the money for , it's that simple .

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A decade ago, did we imagine phones as minicomputers? Never before seen! Institutions will react to the changing financial landscape soon. You are right" stable currencies underpin economies today. However, Bitcoin and other cryptocurrencies can still fit inside the system.

Universities are dynamic and forward-thinking. Do you think they wont take the chance to lead change? Universities may take Bitcoin and other cryptocurrencies and quickly convert them to stable cash, minimizing volatility.

Though, the final selection depends on government laws and these universities' innovation and adaptability. But rejecting this idea owing to modern constraints? Progress does not happen this way. We evolve and innovate. Without fail.

dothebeats

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I'm not so sure about other countries, so let me just share or speak for what I know about my country. I think it is impossible as of now. Heck, a lot of universities and colleges rarely accepts e-payment to begin with, so expecting them to accept btc as a means of payment for tuition fee is far-fetched. Moreover, the discussion for legality will take forever as the government will have to approve of this first since most universities in the country are state university or public colleges govern by the national government.

bocyaj

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Quote from: Jocuserious on August 27, 2023, 12:18:34 PM

Is it possible in future students to pay tuition with cryptocurrency like btc or another. As we all know that only stable money can run a country, moreover btc price is unstable so you can't do that even if you want to.

In some countries,many restaurants accepting the bitcoin as their payment.Sending of bitcoin was easy as like sending to bank account by scanning the address code.Now bitcoin was the legal currency in many countries,traders paying taxes on their trading.When the bitcoin was legalised all over the world,the possibility of bitcoin to replace the bank system.Many countries fear of bitcoin will affect their economies and made is illegal.But bitcoin will allow the people to earn some money and pay taxes to the government.The government should think in positive way on bitcoin.You can accept the bitcoin as tution fee now and save the bitcoin as an asset to your children futures.

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Quote from: Jocuserious on August 27, 2023, 12:18:34 PM

Is it possible in future students to pay tuition with cryptocurrency like btc or another. As we all know that only stable money can run a country, moreover btc price is unstable so you can't do that even if you want to.

Here in our country, I haven't heard of any universities that accept Bitcoin as payment for tuition fees. But in other countries, I know there are people who do that. There are still as many countries as we can say that the government is not really open to Bitcoin; unlike what El Slavador did, they actually declared Bitcoin as one of the legal tender currencies.

But I think our country will come to a point like what El Slavador did because there are still many other merchants here who accept bitcoin as a mode of payment for the goods they sell, such as restaurants and others. microbusinesses here, except for the aforementioned university. Because it's still being debated with our government here, to be honest.

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Quote from: Jocuserious on August 27, 2023, 12:18:34 PM

Is it possible in future students to pay tuition with cryptocurrency like btc or another. As we all know that only stable money can run a country, moreover btc price is unstable so you can't do that even if you want to.

A general idea that Bitcoin being accepted for salary payment makes this idea a possibility. There are many countries where bitcoin is not acceptable as legal tender or facing governmental pressure from taxation or something else as a payment mode. Thus this may be possible in future but it's not happening overnight. However we are hopeful of this future and can only hope for something more fruitful from governments ke bitcoin based companies associating together for a cause.

Maybe for now a teacher who is well versed in Bitcoin and has students who are also well versed in crypto can take part in such an exchange but not more than that.

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If we see and monitor its development along with the increasing adoption of digital currency, especially BTC, then in several countries BTC can already be used as a means of payment, can be used in restaurants, hotels and others.

But, for this I think we have to see. Based on regulations that are binding or have been determined in each region, can BTC be used as a means of paying for education fees, as you stated above.

Yes, maybe the time has not yet come and what I often see is that currently in some countries BTC can only be traded through certain exchanges and cannot be used as the dominant payment instrument.

2Pizza410000BTC

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If bitcoin is legalized in your country then you can definitely issue your tuition fee payment system through bitcoin for bitcoin adoption. But there is a problem in this case when the price of bitcoin will decrease to a large extent if you accept your payment system in bitcoin instead of fiat then because there is no change in digit then if you take payment in bitcoin then bitcoin will be lost.

1 bitcoin= 1 bitcoin ( no digit loss)

When dumped ($25000),, if your tution fees per student $10

Then BTC 0.0004

When pumped (30000)
Then BTC 0.000333

Solosanz

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1 BTC = 1 BTC, period.

The reason why you see Bitcoin price is unstable you're always compare Bitcoin with fiat where the value will always decrease due to inflation. Almost all countries aren't yet accept Bitcoin as legal tender, if your university or school accept Bitcoin payment, they will charge based on their local fiat equivalent, so they will convert your Bitcoin to their local fiat. Not all university or school are accepting Bitcoin too.

SquirrelJulietGarden

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Quote from: Jocuserious on August 27, 2023, 12:18:34 PM

Is it possible in future students to pay tuition with cryptocurrency like btc or another.

It is available now and will be more accepted in future. If cryptocurrency is not prohibited in a nation and universities there have courses on blockchain and cryptocurrency, it makes sense to see acceptance for cryptocurrency as payment method for tuition fee.

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As we all know that only stable money can run a country, moreover btc price is unstable so you can't do that even if you want to.

No stable money can run a country. Fiat currencies are created by governments and they control fiat currencies, not oppositely.

They have more reasons than stability of Bitcoin price and they don't accept Bitcoin because of conflict of interest with their fiat currencies and CBDCs.

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Quote from: Jocuserious on August 27, 2023, 12:18:34 PM

Is it possible in future students to pay tuition with cryptocurrency like btc or another. As we all know that only stable money can run a country, moreover btc price is unstable so you can't do that even if you want to.

A lot of car dealerships are accepting crypto in dubai so i believe it wont be much time that universities and other insitutions start accepting crypto. Dubai will change everything for crypto. i even know few builders who are accepting crypto for their projects in dubai.

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