To offer students and their families new methods to pay tuition, US-based Bentley University has started accepting crypto payments in the form of Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC).
The private university located in Waltham, Massachusetts State, made this a reality after partnering with crypto exchange Coinbase because it sees cryptocurrencies as one of the technologies revamping the business world.
E. LaBrent Chrite, the President of Bentley University, said:
“We’re proud to embrace this technology that our students are learning about, which will soon transform the global business landscape they’re about to enter.”
Plans are also underway for the university to accept donations and gifts in BTC, ETH, and USDC.
Crypto interest among students grows
To educate students about cryptocurrency knowledge based on increasing demand, Bentley University intends to roll out a new crypto finance course that will primarily focus on decentralized finance (DeFi) and blockchain applications this fall.
Alex Kim, a Bentley student, acknowledged:
“Students have a real interest in knowing more about blockchain, decentralized finance and cryptocurrency investments. These technologies are influencing the industries where they will be working.”
Bentley University has shown a keen interest in the crypto space. For instance, it was among the first universities to use non-fungible tokens (NFTs) to commemorate the induction of former women’s basketball coach Barbara Stevens into the Naismith Memorial Basketball Hall of Fame.
Institutions of higher learning are not being left out of the crypto bandwagon, given that Wharton School, one of the most prestigious business schools in the U.S., started accepting Bitcoin and other cryptocurrencies for tuition fees in October last year.
Moreover, Citizens School, a Dubai-based educational institution, began receiving Tuition payments in Bitcoin and Ethereum in March 2022.
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