Bentley University in Massachusetts now accepts Bitcoin and Ethereum as payment for tuition
Bentley University in the United States has become the first university to accept cryptocurrency as payment for tuition, in addition to a variety of convenient payment methods.
This week, the Massachusetts-based university announced the launch of the new digital option to students in light of its “long-standing dedication to leading the way in the early embrace of technologies that are transforming the corporate world,” according to a release.
Announcing its partnership with cryptocurrency exchange Coinbase, the University declared that it will be using Coinbase as its payment and custody service provider.
For the first time, students and their families will be able to pay their tuition using three cryptocurrencies: Bitcoin, Ethereum, and the stablecoin USD Coin. In a notice, it said. There were plans to accept contributions in the cryptocurrencies specified above, without relation to other coins.
Bentley University has had its own stunning success as a result of producing a student who created the Bentley Blockchain Association as a result of the growing use of cryptocurrencies.
“Bentley University is at the vanguard of equipping business leaders with the skills and knowledge to compete in the changing international economy,” the university’s President, E. LaBrent Chrite, said in a statement. Our pupils will soon be entering a global corporate scene that will be transformed by this new technology that they’re learning about.”
As the importance of cryptocurrencies in the global economy grows, so do the roles played by young people in the industry. More than 16 percent of the US population has invested in, traded, or utilised cryptocurrencies according to a new Pew Research Center research.
However, 31% of the crypto community’s participants are between the ages of 18 and 29. 21 percent of users are between the ages of 30 and 49, while just 8 percent are between the ages of 50 and 64.
By 2028, the global crypto market is expected to have more than doubled in size, necessitating the development of educational materials for students that concentrate specifically on cryptocurrency. Even after a century and a half, the institution is gearing up to provide its first-ever crypto finance degree. The course will cover blockchain applications and decentralised finance.
Schools including King’s College in New York, California Intercontinental University, and the Wharton School at Penn State University are presently taking crypto as payment for their services, including the cost of tuition.