Topic: American University, Bentley now accepts crypto's for tuition payments. - page 2. (Read 313 times)

This is another good news from US despite some recent challenges from the region against bitcoin adoption and the corresponding mining, if we are to take a look to the rate of how students were making use of the opportunity in bitcoin to earn a living and run their economic and financial obligations, we could see that bringing it to be initiated as payment in the institution would be a great advantages to the entire student bitcoiners and other institutions would soon follow the likes and the introduction of digital asset "bitcoin" will later be introduced in curriculums.


I strongly believe what you said here but let us also consider that most students are not business men or investors, they only invest or trade it just to realize profit within the shortest period and pay bills as the need arises, this is an institution and not a corporate business organizations whereby all the members aims at buying bitcoin as an asset, i think in the case of students here, it is more predominant that students don't engage on asset as priority but just to make a little margin of profitability and sell off to meet their need as it arises unlike other corporate bodies whose main aim are to invest for a long time.

While I agree with your reasoning as we all know what the perception of Bitcoin is today, I think any opportunity for people to use Bitcoin as a currency is welcome. Because often people complain that they want to pay with BTC, but they are mostly limited to online stores that generate additional costs in the form of shipping costs or taxes/customs if it is international trade.

The US is certainly one of the most aware nations when it comes to Bitcoin, as they are constantly exposed to this information through their media. While this is about students being able to pay for their crypto tuition, we should know that their parents may be able to take advantage of this by starting to invest in this way so that one day they can pay for their children's studies.

It is a good development to pay tuition fees with cryptocurrency but this should be done in a proper way. Some students should not use money giving to them for school fees to invest in bitcoin just to get some profits because it is very risky, I could remember one of my colleague who used is school fees to invest cryptocurrency thinking he will meet up with having some profits and then the market went dip.

Let it be that if students decide to pay tuition fees with bitcoin let their be available bitcoin to pay for the fees rather than using the money that is supposed to serve for tuition fees to buy bitcoin as to get profits from it. The school management needs to also educate the student on how to use bitcoin in the right ways to avoid risk.

No civilized country that will not adopt bitcoin. Those countries that ban bitcoin and cut off the hands bitcoin growing. Have not examine the meaning of cryptocurrency. Some country on their own tried to avoid anything bitcoin exchange and payment with bitcoin because the view of bitcoin and the trust is not clear to them. Is a welcomed development if a well respected country like united state people living there is accepting fees with bitcoin. That tells us that every country will be soon consider Bitcoin as a legal tender if this news spread viral

The btc adoption news is now becoming common as daily many companies, institutions,stores are moving in this crypto world allowing their users to pay in btc through third party or direct payments which is positive sign for us.Hearing such news is good and they must be familiar with the volatility factor and should make plans accordingly.

It is good news that they are offering the possibility, although I doubt that tuition fees will be paid in this way on a massive scale, in fact I think the opposite is true, payments in this way will be very few, if any. Most people buy cryptocurrencies as an investment, not to spend them as a substitute for the USD or their country's currency, even if that was the original idea of the bitcoin whitepaper.

Interesting. I would spend and replace to get any benefits of the Bitcoin payment, and also keeping the amount of Bitcoin saved.

They're using Coinbase for receiving the Bitcoin payments

Here are the details for mechants:

https://help.coinbase.com/en/commerce/managing-account/payments

I've used that Coinbase payment checkout as a buyer, and it works surprisingly well.

Of course there is the issue that it's a centralized exchange, but I don't think everyone will be setting up their own payment processor so this is great.

More Universities around the globe started to provide different BlockChain and cryptocurrency related courses. Now universities accepting payment in the form of cryptocurrency is welcoming. This is something a needed one, because students are the key for the future of innovation. Experiencing it will give them better understanding about cryptocurrencies and this could make even the unknown students to give a try paying in cryptocurrency.

This is indeed another big achievement for crypto as it will pave way for its bigger and faster adoption in the market. This will give advantage to those who are already crypto holders in USA as its always known that there are a lot of crypto holders presently residing in there. And knowing the fact that the youth of today are the futures of tomorrow, then they should be well knowledgeable on the newest technology today wherein crypto and its blockchain technology is a big part of it.

smarter students.. wont wait for bear markets to pay the tuition..

you only want to wait for the bear market when you want to BUY bitcoin.. not to use/spend bitcoin

emphasis:
you wait for bear markets to buy bitcoin and wait for bull markets to pay the tuition fee

EG 1 semester fee is ~$27k

so you buy bitcoin on the bear at $37k/1btc... meaning $27k tuition=0.71btc
wait for a possible bull market for lets say $74k/btc.(pfft goodluck that happening before summer)

and you end up being able to pay 2 semesters for only $27k initial outlay
because that 0.71 (at $74/btc) is $54k for 0.71
which is 2x $27k

i doubt anyone this year can double their tuition money waiting out the bear and bull. but you might atleast pay off that first tuition and get to keep some coin/money to help towards other semesters/expenses (maybe not all the next semester, but some)

What comes to my mind is if I am a student there, when I want to make a payment is to wait for a bear market price. because at the time of payment it was still with automatic fiat at a price that remained stagnant. Smart students will know the best time when they have to pay their tuition bills. Lol 

This is a welcome development for students to be able to pay tuition fees using Bitcoin and partnering is the largest cryptocurrency exchange in the United States coin base to achieve that aim is also a good decision, quite a good number of business schools are beginning to adopt Bitcoin and the blockchain in its entirety as the see the innovative tendency of blockchain technology is the business world most especially when it has to do with security fairness and transparency, I read somewhere of a business school that thought blockchain as a course in the curriculum. Building knowledge around cryptocurrency is the best approach to maximizing the full potential of the young growing cryptocurrency industry.

Bentley University, a private university focused on business and located in Waltham, Massachusetts, US, is now accepting cryptos for tuition payments.The university said it is committed “to leading the way in the early adoption of technologies changing the business world”.

In order to do this, the university is partnering with Coinbase, the largest cryptocurrency exchange in the US, to accept three cryptos as payment: bitcoin (BTC), ether (ETH) and USD Coin (USDC).According to the Pew Research Center, a non-partisan American think tank based in Washington DC, more than 41 million Americans have either invested in, traded or used cryptos. That number equates to 16% of the US adult population.  In 2021 Alex Kim, a Bentley student, set up the Bentley Blockchain Association.

Source

https://t.me/Crypto_Bitcoin_Blockchain
https://currency.com/american-university-accepts-cryptos-for-tuition-payments

The move by the American Institution Bentley University in accepting Crypto's for it's tuition payments, would help in creating some level of awareness and hopefully arouse people's desire/ interest to acquire BTC and other Cryptocurrencies cause of it's usefulness.
As the move would pave way for other academic institution's to follow, and it is shown in it's statement, stating it's commitment in leading the way in the adoption of technologies changing the business and in my own opinion the entire world.
This move is key to the slow and early adoption of BTC and other Crypto Currencies.