Topic: Bitcoin Adoption: Universities now Accepting Bitcoin for Tuition Payment? - page 4. (Read 760 times)

The university's movements to accept bitcoin for tuition payment is a great step in the education world. If that can integrate without any problem, the other universities will follow this step. We need more universities to accept bitcoin to be used for education or in schools and universities. We know that the young generation is now aware of the new technology. Maybe sooner or later, we will see that the university has a lesson about crypto to attract more young people to studied more about crypto. The popularity of bitcoin to young people will also increase because they will learn how to use bitcoin before using bitcoin to pay their tuition.

As the link that you have posted, some universities have been accepting bitcoin as payment way before this bull run in 2020, so yeah it's closer to mainstream adoption as you can get. And there could be more universities that we are not aware that started as well, in 2018-2019. And maybe you can add this one to the list,

https://news.bitcoin.com/french-university-accepts-fees-in-bitcoin-for-blockchain-technology-courses/

The only one benefiting in this side of transaction is the universities. You see, when the price of bitcoin is lower, they will increase tuition to match the fiat value of that tuition and when the price is high, they do not have to do anything about it because they still have a degree of authority to the point that it will be difficult to ask for a rollback in tuition. The only I see that benefits the students is creating a system where you can choose whether you want to pay crypto or fiat, this is difficult too as universities will want their big piece of the pie and will do anything in their means to profit.

Although I see the list of those universities as positive, I'm sorry to say that I think the adoption of those kinds of payments in the rest of them is going to be very slow.

I understand that the ones that have accepted these types of payments are private institutions at least in their majority and have very open-minded people among the governing board.

In public universities, the acceptance of this type of payment is not going to happen soon and much less in mass, because they can not make their payments in bitcoin, and accepting that currency is like investing in a high-risk asset, with high volatility especially in the short term.

Slowly but surely, things are changing for better! It's a grand feeling to see these universities are accepting bitcoin for tuition fees and I am sure, many more universities will be joining the bandwagon shortly. But then the main questions is still unanswered. Even though there are many businesses around the world that accepts cryptocurrency as a payment method, are there more number of people willing to spend cryptocurrency as a store of value?

I had once found a barber in my city who accepts cryptocurrency for his services. I found him through the below website,

https://coinmap.org/

Once I visited that person and enquired about it, he says even after he is willing to accept cryptocurrency for his service, he could not found even a single person who is willing to spend cryptocurrency. In last 3 years, he didn't have even a single person paid in cryptocurrency for his services. I happen to be the first person in his list as I had paid through ETH due to the relatively smaller amount. But that's the harsh reality!

Absolutely, many universities across the world are realizing that fact that the potential of new technologies like blockchain can not be underestimated. And if any higher institution of learning must remain competitive then embracing such techs becomes paramount. That's why schools like Nicosia decided to jump in early into the cryptospace and is now taking the lead by even offering a master's degree in blockchain and digital currency. I'm excited that other institutions are now embracing the technology at a fast pace.

Great point you've made - 'government to lower their pride and decentralize their economies'. Unfortunately, it's not going to happen in real life. The governments I know would always want to restrict people's lives and deny them of their rightful freedom as humans. Government would tell you that a decentralized system would portray them as being weak in authority, which is a total fallacy. They would always want to control everything and that's why bitcoin seems like a big threat to them. Notwithstanding, bitcoin has come to stay and will defeat all its enemies at the end.

BTCs dominance is out of mind the mass adoption is growing because of the increasing use in primary sectors like institutions, businesses etc.

Well these type of news is boosting the rebel of BTC, the popularity of BTC is enormous and we are going to see a new revolution in crypto currency with the help of BTC, I would quote BTC as king for a reason

Regardless of which university accepts cryptocurrency as a tuition payment system. I personally think that the university has identified Bitcoin as the spearhead of new technology. however, even when using a third-party system, in fact the additional fee involved is only one percent if paying with Bitcoin, which is much lower than if they were using traditional payment methods.

The whole adoption we have been seeking is gradually gaining the mainstream attention, educational institutions, financial institutions. What more do we need? It is left for governments of several countries to lower their pride and decentralize their economies; by leveraging on the growing of the digital freedom. Bitcoin isn't just a coin, it is an economy to reckon on.

As a passionate fan of bitcoin and cryptocurrencies in general, it has always been my desire to see bitcoin become a payment of choice for many businesses and organizations around the world. Judging by recent developments across the world, I can say that the desire is gradually coming to fruition.


With Bitcoin now being accepted by some major universities in different countries and businesses like Overstock, Microsoft and others, I feel confident that crypto adoption is going in the right direction and in no distant time, cryptocurrencies with $BTC taking the lead will become major contenders in the payment ecosystem as medium of exchange. I can't wait to see $BTC become a popular means of payment, not just a speculative tool and store of value that it's been mostly serving the purpose.

Recently, as I was researching the web, I came across some universities that have since being accepting Bitcoin for school fees payment and I decided to write on the topic here in order to get insights on others that are doing same across the world which I'm yet to come across.

Kindly add to this conversation by listing any university, colleges, or any institutions of learning in any part of the world that is allowing tuition and fees payment by $BTC. Let's keep the list going.


Below are some of the universities that have opened doors for students to pay fees using Bitcoin:

1. University of Nicosia in Cyprus (the first in the world to do so since December 2013)
   https://www.unic.ac.cy/you-can-now-pay-your-university-tuition-with-bitcoins-wired/
   https://ecoin4dummies.com/university-of-nicosia-receives-tuition-payment-using-bitcoin/

2. The University of Cumbria Carlisle in the United Kingdom (since January 2014)
   https://www.timeshighereducation.com/news/bitcoin-to-be-accepted-by-university-for-fee-payment/2010698.article
   https://www.cumbria.ac.uk/about/news/articles/articles/university-of-cumbria-professor-to-tell-united-nations-about-the-future-of-money-.html

3. The Kings College New York in the United States (accepting since June 2014)
   https://www.tkc.edu/stories/kings-is-first-u-s-college-to-accept-bitcoin/

4. ESMT Berlin in Germany (accepting since December 2016)
   https://esmt.berlin/knowledge/esmt-berlin-bitcoin-pays

5. Lucerne University of Applied Sciences and Arts in Switzerland (since October 2017)
   https://www.hslu.ch/en/lucerne-university-of-applied-sciences-and-arts/about-us/medien/medienmitteilungen/2017/10/03/bitcoin/

6. FPT University in Vietnam (accepting since 2017)
    http://international.fpt.edu.vn/fpt-university-accepts-bitcoin-payment/#
    https://www.tun.com/blog/universities-accepting-bitcoin-for-tuition/

7. Financia Business School France (accepting since 2018)
    https://news.bitcoin.com/french-university-accepts-fees-in-bitcoin-for-blockchain-technology-courses/
    https://www.studyrama.com/formations/specialites/finance/actualites/financia-business-school-accepte-le-bitcoin-en-guise-105119