Bitcoin Forum

Le Truong Tung, President of FPT University announced on social network on October 26 that the university with accept Bitcoin payment of tuition, which will be first applied for foreign students.
http://vietnamfriendship.vn/FPT-University-acccepts-Bitcoin-payment-05-16697.html?page=40

Ooo that is a very good initiative. Bitcoin will soon become a legal tender soonest

That's a very good news for Vietnam that their very own FPT University is now going to adopt bitcoin. But why they are going to apply it first with foreign students, so they are still in the phase of trying it with other students but no matter what it is this news is a good initiative for their school payment system that bitcoin will be now used. I'm sure that many of the schools in Vietnam will follow this initiative.

Pretty awesome, but not sure that I would give up my precious bitcoin for a university...

and even this will be one of the best news for us, as it has been confirmed by the latest news about FPT receiving payment using bitcoin payment, and I do not care about the foreign students or locals being experimented, the most important thing for the right management FPT will lead the university into one of the most advanced

And yet another country from Asia implements Bitcoin as a payment method for other than digital goods. Hopefully, other countries in the world will follow the trend.

but this made me chuckle: "Bitcoin payment of tuition can cause negative impact on students, stimulating them to invest riskilly in this currency"
it's not like they're 14yo kids, they are old enough to know the consequences of using bitcoin and how volatile it can be.

This is indeed a good news for bitcoin users. It only shows that bitcoin is being advertised in their country. It will help also students to learn about bitcoin. I hope it will be used by other schools too or other establishments.

I think this is good news for vietnam people if there is a university in the university willing to accept payment with bitcoin this is a new breakthrough for payment using bitcoin. and I think there will be changes to the economic development in the country because of course bitcoin will become more known in Vietnam so that it can trigger other parties or institutions that follow the payment system using bitcoin. this is indeed a remarkable breakthrough.

Nice, if that is confirmed that's going to be a big news all over the region in FPT university and also for the whole country of Vietnam. Well I do care for those people that will use bitcoin but yes, the most important thing now is that they are using bitcoin and adopted it to their payment system and this is going to be a big blast to the whole crypto world and will make the price of bitcoin higher again.

Reading the article further gives an insight to what is being talked about by the university official and its really something that is worth commending considering the group of student that reference is made to in the article. Education should not be too expensive to get so far you have the fund whether in fiat, electronic or digital as such.

This surely a landmark one but I doubt if it will command the attention we all seek for it because if it had been a country like the United States, we then have the popularity that a lot of intending students will have to consider for post graduate degrees.

Their was also another news about a university accepting bitcoin but the school fully supported it stating to make advantages on how bitcoin works. But i think in this case, their were many opponents that states how it is not legal. I think once you knew how bitcoin works even if your student, it could also help in some financial status. But the schools concern maybe is they really cont control students about their own ideas on bitcoin.

That's good, but take into your mind that they convert the bitcoin into fiat right after they receive it.

They don't really accept bitcoin, they keep fiat, not bitcoin.

I am waiting for the day that companies who accept bitcoin will keep the bitcoin they receive to the long run(I know they need to pay bills but at least they can keep a small percent of the bitcoin they receive).

Great news! Not sure how many applicant will actually pay with Bitcoin, but still a good initiative. I guess this must be a reaction to the goverment plan on legalizinh Bitcoin by 2018. A revolutionary move from Vietnam, I hope other countries could be inspired and follow their step to legalize Bitcoin soon.

Good news for some foreign student there. But according to that article it is a trial and error process they were trying it if it will succeed. And I hope that is the stepping stone for other countries to use bitcoin as payment on any stores places and schools like in vietnam.

LOL. It's a big move in our country dude :)). I think this is the good start for Bitcoin in our country after FPT university I think there will be more university and college accept Bitcoin and cryptocurrency for tuition as well :D. The government said that it'll take at least 2 years to legalize Bitcoin but I think this process will be done less than 2 years with current progress :D

Question: Do Vietnamese universities get a lot of foreign students?

I could see this as extremely useful if there are family members working abroad, earning tons of money overseas.   Best way to send in the tuition bill?  Bitcoin.  Or PayPal, even, but yay bitcoin!!

In my town there are a lot of immigrants from Asia, working at gas stations and owning their business.   I suspect a lot of them are in situations similar to what I just wrote.   Bitcoin is definitely useful in cases like that.  It's the best way to send money without involving a third party.

It is very good news for bitcoin, in the near future it will become popular all over the world, replacing offline currency. The bitcoin payment method of FPT University will be the foundation for the popularization of bitcoin payment.  ::)

This sounds cool, maybe the owner of that schools was Bitcoin fanatic/user. That's the advantage if you have a big assets or business, because you can add bitcoin as payment to your business of course. If all university in the entire world will be like this, surely most of students, before they graduate are will become rich.

But this economic hierarchy will not let you become without education and information teach from the school and college. If we need to speak about Illuminati related information shared and how we locked under them.
I noticed another thread speaks that bitcoin accepted one Indian schools and now this. Really we are moving in adoption. Great to go bitcoin.

Interesting news. I remember that in my country one university also accepts bitcoin as a payment for tuition. It's also possible to pay with Ethereum and Dash. But the problem that this university isn't popular and prestigious, and I don't think that many students paying with btc.
But looks this case is a bit diferent. Vietnam university are seeing demand for bitcoin payments to help for foreign students to pay more easily for tuition.

Well, i don't see a reason against it.

It's going to boost their image in terms of technology adoption or their willingness to actually use practical Fintech, people are going to have more payment options whether or not many people embrace it, and it's completely their business decision. They are free to accept whatever payment method they want.

Good news for bitcoin adopters in Vietnam, seems like their country is catching up.

This is very good news. Amazing to see bitcoin advance to such an extent that a university now offers their degrees and courses paid for with it.

Hopefully in a decade or so colleges in the US will list it as an alternative payment method for those who don't have a bank account or a credit card. Imagine getting a Stanford or Caltech degree paid for with bitcoin.

I'm assuming of course that this university in Vietnam is simply using it as a bridging method to get their Vietnamese Dongs which is still king for them. Cash is king in most if not all Asian countries. As soon as bitcoin is paid to their wallet, they probably trade it immediately for fiat. I don't believe they store or hoard the bitcoins as a form of investment for the university.

Good to read news like this.

Here we go:
https://blockexplorer.com/news/starting-2018-using-cryptocurrencies-like-bitcoin-vietnam-will-illegal-subject-9000-fine/?utm_content=bufferce690
Shit happens. Looks that students will be not able to pay for tuition with bitcoins :/

This is why bitcoin is really useful for OFW or those who do work abroad and do send their remittances directly into their loved ones.This thing is already common and famous now in my country too and its good to hear out that other countries is already using bitcoin now into their education sector which is actually available already on my country which we can able to pay up tuition fees directly from our bitcoin wallet but just only on selected schools only its still fine though because it will gradual increase on the selection of schools available.This kind of thing will surely adopted on some countries too.

This is awesome especially for a country like vietnam not normally considered to be technology leaders.

Well the mosst important thing is the quality of this tuition and the whole education in general. I still won't recommend anyone to attend universities (untill you are 100% sure that you will get any kind of unique knowledge there). Imho the best way to educate yourself is to personaly contact repped profesors (like via coursera) and pay them directly with bitcoins.
But anyway accepting BTC by any offline institution is still a positive sign.

Its again a good news about bitcoins. Authorities have started bringing bitcoin into maximum all the systems. Obviously, its a good option for the students come from abroad who have bitcoin and spend for the studies. I am sure, in 2-3 years max, almost all countries would accept bitcoin and its transactions. Will wait , watch and support when it happens.

What? So their announcement is only good for this year and when 2018 enters, using bitcoin on Vietnam is against the law. Poor those students that will be caught using bitcoin will be charged illegal thing. I don't understand why their government is stopping bitcoin, I thought it's already a good news but upon reading this link about Vietnam's State Bank declaring bitcoin as illegal and it's effective immediately no more good news.  :-[

I have a doubt that it will truly shut off bitcoin transactions into vietnam. I can't think of a way for officials to detect who's person is using crypto and who's not.
Looks like Vietnam is looking for additional funds for the country's treasury since they raised up the penalty to whooping $9000. However, it's still useless if they can't find these people that are into bitcoin.
I'm glad that as of now, that PH doesn't stand on bitcoin restriction.

What great news!! This is indeed progress for the market. Even though just a few will pay using Bitcoins, it is a good initiative.

Syke.. Lol😆😆😆
https://www.google.com.ph/amp/s/www.cryptocoinsnews.com/vietnam-bans-bitcoin-payment-method-adopters-face-9000-penalty/amp/
Poor students. They cannot pay their tuition with their bitcoins now that the Vietnam Central Bank already decided to prohibit the acceptance of bitcoin as payment method. That's really sucks. This only proves that they cannot manage to control and regulate cryptocurrency with their own hand.

Anyway, Bitcoin is not totally banned there (i guess). Because i see that they are just pointing out the ban of bitcoin for payment method. So i believed that Bitcoin is not totally banned there. But this is a bad sign for bitcoin there.

They can't regulate and monitor the bitcoin transactions there and it will not be fully shut down. They are just trying to announce that it is now illegal to them to put fear to the traders out there that will start to use it and those students that has bitcoin will be feeling down or else they have to sell it off for paying their tuition fee and other school fees.

Lol. Government ban supply, use, trading bitcoin with highest finance penalty is 150-200 milions VND while a national enterprise accept bitcoin payment. What is the conflict here? So like China, government has banned virtual-money-raising transactions that have forced major Bitcoins to close. Strangely, large-scale BTC mining operations with computer systems are still active in the country.

Thats no wonder why bitcoin is getting so popular now a days. Just look at that, an institute, a teaching hub is happy to receive the tuition fees in terms of bitcoin and how the world might be looking at it! very surprisingly and we actually need such surprises to keep the bitcoin in the race of billion USD in next 10 to 20 years! That way we can get more investors into bitcoin community and by seeing such legit customers of bitcoin (the university) one can easily start seeing the bitcoin as legit entity. I mean see the chain of event here, university accepting bitcoin means students are getting to know new currency and indirectly there parents will com to know about it and thus their neighbours and then the news in next days newspaper. Yes that is the best way to get bitcoin into everyones mind. Almighty bitcoin will cover the whole world soon. 

It's totally banned and if that isn't completely ban they won't charge $9,000 if someone violate's the law.
Base on the (source) : www.cryptocoinsnews.com/vietnam-bans-bitcoin-payment-method-adopters-face-9000-penalty/amp/
And that only means that they are not recognizing bitcoin as LAWFUL means of payment. Well let's see if they can control the people that are using crypto's there since it's anonymous.

That is a good news for a University to accept such tuition fees in a cryptocurrency they really want to engage on the crypto world. Is FPT University in Vietnam a Marketing School? Hope that many would also engaged to accept bitcoin as a form of tuition fees. This would be interesting because I heard also that there are also schools that has subjects regarding crypto, the future really is gonna be good for bitcoin.

It's a good news but still there are some news that are rounding on the internet and says that Vietnam bans bitcoin for being use as payment for everything. I have searched some links about it to verify it by myself just like others are posting the link and this is what I've got : https://www.theregister.co.uk/2017/10/30/vietnam_bans_bitcoin_as_payment_for_anything/

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This is actually a good news but FPT University should give out another comment about the ban if they want to push it or they want to violate that law.

Vietnam is really amazing. May be the owner of the university may see how important bitcoin is, especially when it comes to mode of payment. It's a good principle for Vietnam country that they really introduce bitcoin to everyone. Yet they are not afraid of what it is like when they use bitcoin for the mode of payment of tuition fees. They also know how fast the transaction would be when Bitcoin was used and the charge is not high.

Oh well this is a welcoming news if indeed it is true. I think this is a great move since there are a lot of exchange or foreign students who are studying in most Asia region because the tuition is very cheap in there but the education standards are very high. I also hope that foreign students will take advantage of this kind of payment method, they don't need to bring USD or Euro in them, just a simple scan of their QR and they are done.

The owner of the university? It's for sure that he/she already saw the importance of bitcoin. Why would they accept bitcoin if they don't know already the benefits? Also, I have a guess that the received btc payment from student's tuition fees will be HODL-ed and be redeemed when the price soar higher than on today's price. This move by the university will let them have more funds in the near future, 100% gonna happen.

How I wish that in my country this will be available in sooner time, because online payment system using digital currency is more profitable compared with the traditional payments system using fiat cash money. Time consuming process using manual payment system can eliminate delays and errors of the record, due to blockchain network is already traceable if ever there were discrepancies with the transactions made. The education system can be so easy for the parent to adopt and no reasons for them to be overdue, because this will have to be linked to their respective mobile devices to be entitled to personal notifications.

Vietnam university are seeing demand for bitcoin payments to help for foreign students to pay more easily for tuition. ::) ::) ::)

It will affect on bitcoin value , bring a positive value !
Meanwhile the student able to learn bitcoin as well and how it's work in advance way since bitcoin popularity getting increase from time to time


Yes, it will attract more foreign student to study there, more income !

Wow, what a news really nice to know it, hope other countries who legalize bitcoin can do the same thing about new hope in academic life, tuition fees in bitcoin maybe after that the university will give the students scholarships in bitcoin too. CMIIW :)

To make things clear, Vietnam didn't legalize Bitcoin, and will likely never do so. Instead, they have shown their hostility towards crypto currencies by prohibiting their usage. The move from universities in Vietnam to accept Bitcoin payments from that point can be seen as them breaking the law, and thus get a hefty fine as result (I hope not of course, but it's a very likely scenario). From that point it's a very daring action, but at least it shows that they aren't letting the government dictate them entirely, and that's what I have a lot respect for. If more entities have the guts to do so, it will slowly but surely show the government that they can't just continue to mess with everyone....