Bentley University, in the Massachusetts United States, is accepting tuition fee payments made cryptocurrency – namely Bitcoin, Ether, and USDC (stablecoin). The educational institution has turned to digital assets despite the crypto market crashing significantly.
Bentley University is accepting crypto-form of payment as tuition fees through a partnership with Coinbase, which is one of the largest crypto exchanges in the world. The business school also plans to accept donations and gifts in crypto.
Alex Kim, Bentley University alumni and crypto enthusiast who recently launched the Bentley Blockchain Association, lauded the university’s step. He highlighted that students have a keen interest in knowing more about blockchain, decentralized finance (DeFi), and crypto investments. Kim believes technologies are influencing the industries where the students will be working in the near future.
Moreover, Bentley University has initiated a new crypto finance course that will commence in the fall of 2022. The course will focus on blockchain applications and DeFi. The university has noted the increasing significance of digital assets in the global economy, creation of startups, payments of salaries, and payment tracking, as well as purchasing tickets to games, movies, concerts, etc. Bentley University highlighted a quote, by the Pew Research Centre – over 41 million Americans, that is about 41% of US adults have invested in or traded or used crypto.
Educations in other parts of the world have also begun accepting crypto for tuition payments. A school in Dubai is said to be accepting BTC and ETH through a platform that automatically converts them into UAE dirhams.