Bitcoin Forum

Is it possible in future students to pay tuition with cryptocurrency like btc or another. As we all know that only stable money can run a country, moreover btc price is unstable so you can't do that even if you want to.

That is the work of a payment processor. If bitcoin price is not stable, you can use payment processor which can automatically convert the bitcoin to fiat for you. If bitcoin is legal in a country and the country's government support bitcoin payment, it will be an additional option for tuition fee payment.

List of Universities That Allow You to Pay Your Tuition Fees With Bitcoin (https://topschoolsabroad.com/2022/06/21/list-universities-allow-pay-tuition-fees-bitcoin/)

How about El Salvador and Democratic republic of Congo that make bitcoin legal tenders. You will be able to use bitcoin to pay for anything in those countries.

So far there are no universities yet announcing they are accepting BTC for tuition near my city.

But it does sound wonderful. I would probably pay altcoins for my kid's tuition if they are accepting altcoins. Before this happens, they will need to wait till the government approves the use of crypto because right now, crypto doesn't contribute to the fiat economy. The school shouldn't risk yet confiscation is highly likely when the government declares they don't like crypto.

Bitcoin is a currency that can be accepted for payments of goods and services. Which currency is stable? Some currencies are more unstable than Bitcoin. There are already universities/ colleges that accept Bitcoin as tuition fees. Examples are

University of Nicosia, Cyprus

European School of Management and Technology (ESMT) Berlin, Germany

The Kings College, New York, USA

The University of Cumbria, UK

The Lucerne University of Applied Sciences and Arts in Switzerland

FPT University, Vietnam

Varna University of Management, Bulgaria

Innovation and Entrepreneurship Business School (IEBS), Spain

Red & Yellow Creative School of Business, South Africa


https://massmediang.com/list-of-universities-that-accept-bitcoin-for-tuition/

Bitcoin would likely be first accepted. Why altcoins? The last purchase I made online was surprisingly through bitcoin lightning network. I do not see any reason altcoins are needed.

Crypto contributes to the economy. There are some factors to consider as this will differ from country to country. Some countries tax cryptocurrencies. The exchanges and other centralized crypto businesses are located in some countries which government tax as well and the exchanges are employing people. There are many other reasons cryptocurrencies can add to a country's economy.

We cannot say it is not possible because the future looks very good for bitcoins, and right now the limiting factor against it is that it has not been generally accepted. When bitcoins become accepted generally, a lot of individuals and institutions will accept it as means of payment. Colleges and other educational institutions will not be left out, they will set up themselves to be able to accept bitcoins for tuition and other things in the college that requires payment(fee).

Let's look at the charts of the Argentine peso or the Venezuelan bolivar and compare them with the Bitcoin chart. Perhaps you are right, and only stable money can fully fill the country's financial system. You mean bitcoin in this case, right? :)

I have seen above the list of Universities that accept bitcoin and they are implementing it, as far as I know it is only now knowing it, this is still very limited if you expect Universities in certain areas may still not be much except in some Europe that already exist (and said a lot).

Altcoin? I don't think it's revelant unless bitcoin is the only coin in crypto, which I know altcoins can't be guaranteed maybe they can collapse but for bitcoin I don't think it's possible.
I don't think altcoins will be implemented more in some large institutions.

Bitcoin price volatility is the main reason why there is a resistance in its global adoption as payment method. There are still very few countries where Decentralized Bitcoin is allowed. Adoption of Bitcoin as payment method is not possible because of its  price volatility  but legal compliance, settlement time and fee are few other limitations that are not allowing bitcoin to make it to global adoption.

BTC can be converted into fiat using P2P exchange on both CEX and DEX with minimal fees that will not reduce your crypto value when converted to fiat. Maybe in the future yes but the current route of BTC to Fiat is now very easy that makes the need for direct payment in BTC is not a must.

Also, College/student tuition fees usually comes from the parents and in form of fiat. It’s very for someone to receive tuition fee in BTC.

Haha, What a weird but great idea Well its possible not on the academic level but in my view for those like our country Home tutors and private academic tutors can offer such payment facilities I have a few friends of mine in this circle who are familiar with the crypto market and they offer home tuition service as well, I think I can discuss it with them.. It's a really good idea to have continuous accumulation and a side investment opportunity where they can save and invest at the same time.

For the reason that Op you've mentioned on the Stable money I think the solution is hidden inside the query, BTC is the devisable currency, and using the satoshi unit we can fix the services prices, which can have no impact on the market price. It can have some consequences but I think on some levels we can do it.

Yes, very possible.

They can simply use a third party service if they want to convert it quickly into fiat. So for those schools, it's just going to be another payment method but then, they have to use a service as I've said.

IIRC, there were schools already that have accepted payment methods into BTC or those were just online courses.

Knowing that El Salvador legalised Bitcoin as a payment method in their country, I wouldn't be surprised if College Universities in their country accept BTC as a payment method for their tuition fees.

EDIT:
I made a quick search on Google and found this article (https://www.missioncriticalmagazine.com/articles/94801-these-45-universities-accept-cryptocurrency-for-tuition), it looks like a lot of College Schools in their country are accepting BTC as a payment method.

What's the rationale for the future preference? You have the option to start accepting Bitcoin immediately, given that both parties are well-informed and in agreement. Despite Bitcoin's volatility, you can always calculate its present value when receiving it in USD or fiat, making it feasible to incorporate Bitcoin for tuition fees. This could be advantageous for you or the recipients if they choose to hold onto it.

I would have been surprised if I didn't see an American or British university which doesn't accept BTC/crypto payments.
BTC is money and it is gaining customers everyday. Those who get to learn about cryptocurrency by investing in altcoins, still refer BTC when they want to accumulate cryptocurrency for future use.

The regulation that is facing most countries before they use crypto currency for payments is the only nod needed by institutional bodies before they start accepting BTC for tuition payments from college students. It would be a while before more institutions set up their payment portals to accept crypto currency for payments of tuitions. It's quite plausible in the nearest future, but it may be until the lawsuits and SEC regulators conclude on their percentage from transaction cost and network fees.

It can only be possible if the country have legalized bitcoin but a process whereby bitcoin is not been legalized in that country it will not be possible to make payment with bitcoin, except that school is a private sector or private school that is been run by a lover of bitcoin, but a process whereby the school is a government school your objectives can not come to accomplish because its obvious that government always been against the development and technology of bitcoin

Already there were institutions and universities that accept tuition fee in the form of bitcoin. Maybe after years we'll be able to see it in a more common way as an additional payment choice for every students. Acceptance of bitcoin and other cryptocurrencies were really a great thing considering the future growth. Everything have turned digital and everywhere the dependence on digitization will make bitcoin a more accessible payment with time.

I have yet to hear any announcements from schools and colleges accepting bitcoins for tuition. But accepting Bitcoin is possible only if the teacher or student has good knowledge about Bitcoin. Moreover, currently the government has not yet taken any step that they will accept payment by Bitcoin in schools and colleges, so no such place has accepted Bitcoin. But you can buy goods with Bitcoin from many places that accept Bitcoin payments and in some countries most things can be bought with Bitcoin. Although many countries' governments have accepted bitcoins such that all other goods and food are purchased in bitcoin transactions. But it will have to wait until the government gives such permission to schools and colleges to accept bitcoin payments for tuition. But it will be possible in the future, I believe because many economic situations have changed with Bitcoin and such payments will soon be provided by the governments of various countries.

A lot of car dealerships are accepting crypto in dubai so i believe it wont be much time that universities and other insitutions start accepting crypto. Dubai will change everything for crypto. i even know few builders who are accepting crypto for their projects in dubai.

It is available now and will be more accepted in future. If cryptocurrency is not prohibited in a nation and universities there have courses on blockchain and cryptocurrency, it makes sense to see acceptance for cryptocurrency as payment method for tuition fee.

No stable money can run a country. Fiat currencies are created by governments and they control fiat currencies, not oppositely.

They have more reasons than stability of Bitcoin price and they don't accept Bitcoin because of conflict of interest with their fiat currencies and CBDCs.

1 BTC = 1 BTC, period.

The reason why you see Bitcoin price is unstable you're always compare Bitcoin with fiat where the value will always decrease due to inflation. Almost all countries aren't yet accept Bitcoin as legal tender, if your university or school accept Bitcoin payment, they will charge based on their local fiat equivalent, so they will convert your Bitcoin to their local fiat. Not all university or school are accepting Bitcoin too.

If bitcoin is legalized in your country then you can definitely issue your tuition fee payment system through bitcoin for bitcoin adoption. But there is a problem in this case when the price of bitcoin will decrease to a large extent if you accept your payment system in bitcoin instead of fiat then because there is no change in digit then if you take payment in bitcoin then bitcoin will be lost.

1 bitcoin= 1 bitcoin ( no digit loss)

When dumped ($25000),, if your tution fees per student $10

Then BTC 0.0004

When pumped (30000)
Then BTC 0.000333

If we see and monitor its development along with the increasing adoption of digital currency, especially BTC, then in several countries BTC can already be used as a means of payment, can be used in restaurants, hotels and others.

But, for this I think we have to see. Based on regulations that are binding or have been determined in each region, can BTC be used as a means of paying for education fees, as you stated above.

Yes, maybe the time has not yet come and what I often see is that currently in some countries BTC can only be traded through certain exchanges and cannot be used as the dominant payment instrument.

A general idea that Bitcoin being accepted for salary payment makes this idea a possibility. There are many countries where bitcoin is not acceptable as legal tender or facing governmental pressure from taxation or something else as a payment mode. Thus this may be possible in future but it's not happening overnight. However we are hopeful of this future and can only hope for something more fruitful from governments ke bitcoin based companies associating together for a cause.

Maybe for now a teacher who is well versed in Bitcoin and has students who are also well versed in crypto can take part in such an exchange but not more than that.

Here in our country, I haven't heard of any universities that accept Bitcoin as payment for tuition fees. But in other countries, I know there are people who do that. There are still as many countries as we can say that the government is not really open to Bitcoin; unlike what El Slavador did, they actually declared Bitcoin as one of the legal tender currencies.

But I think our country will come to a point like what El Slavador did because there are still many other merchants here who accept bitcoin as a mode of payment for the goods they sell, such as restaurants and others. microbusinesses here, except for the aforementioned university. Because it's still being debated with our government here, to be honest.

In some countries,many restaurants accepting the bitcoin as their payment.Sending of bitcoin was easy as like sending to bank account by scanning the address code.Now bitcoin was the legal currency in many countries,traders paying taxes on their trading.When the bitcoin was legalised all over the world,the possibility of bitcoin to replace the bank system.Many countries fear of bitcoin will affect their economies and made is illegal.But bitcoin will allow the people to earn some money and pay taxes to the government.The government should think in positive way on bitcoin.You can accept the bitcoin as tution fee now and save the bitcoin as an asset to your children futures.

I'm not so sure about other countries, so let me just share or speak for what I know about my country. I think it is impossible as of now. Heck, a lot of universities and colleges rarely accepts e-payment to begin with, so expecting them to accept btc as a means of payment for tuition fee is far-fetched. Moreover, the discussion for legality will take forever as the government will have to approve of this first since most universities in the country are state university or public colleges govern by the national government.

A decade ago, did we imagine phones as minicomputers? Never before seen! Institutions will react to the changing financial landscape soon. You are right" stable currencies underpin economies today. However, Bitcoin and other cryptocurrencies can still fit inside the system.

Universities are dynamic and forward-thinking. Do you think they wont take the chance to lead change? Universities may take Bitcoin and other cryptocurrencies and quickly convert them to stable cash, minimizing volatility.

Though, the final selection depends on government laws and these universities' innovation and adaptability. But rejecting this idea owing to modern constraints? Progress does not happen this way. We evolve and innovate. Without fail.

There are several universities that are already accepting Bitcoin payment for tuitions and other fees, and if we make further research, it's very possible that there are several secondary schools too, that are already accepting Bitcoin payment for school fees and all that ..
So let me just say that you are wrong in your assumptions , if businesses are accepting Bitcoin for payment for their goods or services not minding in instability in the price of Bitcoin colleges/universities are businesses too and they can accept Bitcoin payment for tuitions if they want , it all boils down to their interest, some of this schools accepting Bitcoin can keep the Bitcoin as a long term investment for the school, while those who need the money for urgent use can convert to fiat , withdraw and use for that ever purpose they need the money for , it's that simple .

It's hard, but still possible.
I mean if the university will accept it then I guess there's nothing wrong. Aside from that, if the teachers will accept being paid thru Bitcoin then it's good, but I doubt that all of them will agree into it.

Universities don't want to make risks because we know that Bitcoin's volatile, and because of it, they might incur losses instead of just being paid thru fiat. Right now, I doubt that there will be many universities that will accept crypto, and there's no universities/colleges here in our country that are accepting Bitcoin as payment for the student's tuition fees.

I believe there are some college schools that are already doing this where they also accept bitcoins for their student's enrollment. giving them the opportunity to use their bitcoins and the schools are willing to take the risk in order to have some investment in bitcoins as well. I don't know if that went well for the school because I never heard any news of such kind nowadays. But to be honest, that's how it should be because despite the hostility of the other nations against bitcoins, others shouldn't be bothered with it and we should actually have such kinds of options when paying tuition in schools.

Bitcoin is not stable, when it comes for actual price of Bitcoin, while making payments, it can change either higher or low, but that should not be a barrier of not using Bitcoin as tuition payment, because you can used converter process or even used stable coin to proceed your payment as well, the major things is that the country the country you're into have government approved Bitcoin transaction in the country, if yes it added advantage, just a matter of time Bitcoin Will be accepted and approved by government.

Bitcoin is not stable, in fact it is volatile but it does not have big crash too often. Usually, it does not fall or increase 3%, 5% or bigger percent every 15 minutes or even a few hours.

If you accept bitcoin as a tuition fee, you must either consider it as your store of asset and as your investment in bitcoin, indirectly from tuition fees of your students. If you don't want to avoid price change, you can convert bitcoin to stable coin or fiat currency. Stable coin is even risky and bad stable coins can be worse than bitcoin.

Governments don't approve Bitcoin transactions. Miners confirm transactions and Bitcoin nodes verify transactions for you. Governments only legalize or illegalize Bitcoin purchases as either a currency, security or commodity. They can not do anything with Bitcoin transactions, they can not confirm, approve or censor any Bitcoin transaction.

If possible in fact some universities, have already seen this type of case of course, it is where governments have a little flexibility on the issue of virtual currencies, since if this is not the case, it may take a little longer This fact, and yet there may already be universities that allow this without having the approval of the government, they simply receive them without saying anything, all this will depend a lot on the laws and the order that is carried out for this type of management. But, even so, if there is the option of exchanging bitcoin for Fiat, I believe that life should not be so complicated, these assets can be used through this method and cancel the enrollment in this way until the bitcoin is accepted in its entirety in  countries around the world…why limit ourselves when this virtual world gives us so many options that it allows us to play with the system in the meantime.

It is possible even in the present, there are a lot of universities and colleges that accept payments in cryptocurrencies, particularly Bitcoin, it just depends on where that university or institute is located and the take of the government about Bitcoin and cryptocurrencies. If the country is crypto-friendly and isn't strictly against the use of cryptocurrencies, then there won't be any problems for those institutions accepting cryptocurrencies as there won't be legal issues.

And, a merchant or an institution accepting Bitcoin or other cryptocurrencies as payment doesn't really need them to have a stable price since they can always have a setup where they will have these cryptocurrencies sold directly at the market rate when they are received unless they are willing to hold them.

There are a couple of universities that accept Bitcoin to pay their tuition but not in my country Even though Bitcoin is not banned or legal in our countries but still, few merchants still accept it How much more are the universities? Though those countries that legalize Bitcoin like El Salvador for sure they will accept Bitcoin, Bitcoin is still not recognized by the government There is none so the only solution really is to convert it to your own fiat and pay your tuition.

It's really possible for Bitcoin to be used as payment for tuition. We are aiming that Bitcoin will be used as payment in any establishments in the world legally. And if that would happen, surely paying tuition with Bitcoin is acceptable. Since Bitcoin is volatile unlike fiat, it will be difficult for now to school to accept this but we can still make lower the volatility of Bitcoin if the marketcap will be doubled and with the current price. Time will come that all the good things we hope with Bitcoin will happen. We just have to be positive.

Why is it not possible as long as universities allow paying college fees with bitcoin.

Maybe the colleges that accept bitcoin as payment of fees are very limited although there are several universities in different countries that do accept it as someone has mentioned here.
If a university only accepts tuition payments in a stable currency, don't use bitcoin. Use another stable currency. Meanwhile, bitcoin is sufficient to be used as a long-term investment asset.

If you are in an urgent situation to pay tuition fees, people still have other alternatives that can be a solution, they can still convert bitcoin into fiat currency to pay tuition fees.

In most cases, this will worry the parents and not the students, because not all students can pay for their own education.

And you need to take into account that it will not always be convenient to pay in bitcoin, let's say, as it is now in the bear market, then I will choose to pay with fiat, because I am sure that my bitcoins will be able to bring me good profit in the bull market, which I expect in the near future. In a bull market, I will gladly pay for everything I can with bitcoin, for me this is an important point that I will take into account when paying.

Universities can agree to receive payments in Bitcoin on their boards of directors. If the state sees no inconvenience in this case, universities can implement it. In order to do this, the Bitcoin part must be included in the items specified in the financial statements of the university. In other words, if they take this decision from the board of directors, they should add this article to their bylaws. The university that fulfills all these requirements can accept payments in Bitcoin.

Using Bitcoin payments at universities might be a smart move. Young people can be drawn in this direction. At the same time, it can be a good situation to use all payment systems, since universities aim to train students in all conditions of today.

Most of the country are using the fiat currency as a mode of payment and if possible your country supported the use of the cryptocurrency possible that the other establishment will support this too, but if not expect that they will question you about the bitcoin as payment, if you use the earning from bitcoin or other crypto and convert into fiat currency still possible even though they didn't know what bitcoin is as long as they use the fiat currency for the payment.

So far, there is no schools or universities that accepts Bitcoin payment and this can only be possible through payment solution different payment companies, for example PayPal and others, but still I have my doubt about Bitcoin as a means of payment because it's the only project running on the blockchain that's true decentralized, I believe that the government still won't like how they are not in total control of the digital currency, this is the only reason why Bitcoin is still lacking behind, it's because the rulers are running a centralized world where everything must be controllable by them.

Yes it is possible if the country educational system or Sector accept bitcoin to be used. Accepting bitcoin will even help them to accumulate more in their institutions. And the school management should provide the different methods of payment of school fees so that the students will select the method they likes. They should approved the fiat and bitcoin. It is better they use only bitcoin to avoid confusion. The instability of bitcoin is not a problem for accepting bitcoin, it for their benefits. If they can hodle it for some years then they can use to do some good projects.

Actually, many people still hope bitcoin will become a payment method or currency, however, I absolutely do not believe that to materialize in reality. Decentralization, a barrier to Bitcoin becoming a currency, No government will like a decentralized currency they can't control. Despite this fact, there are still many individuals who stubbornly refuse to accept this reality. It is undeniable that some businesses have accepted bitcoin as a payment method, but that does not mean that over time all governments will accept bitcoin as a common form of payment.

I don't know for sure, but after doing a quick search on search engines, I found this:
I don't know whether the university still allows payment of tuition fees using crypto or back to using fiat.
You can search for a list of schools that accept crypto payments.
There may be more lists of schools that you can get your hands on.

The difference between accepting as a business and accepting as a nation is huge. I mean I could have a college and accept crypto payments if I want to, as the owner of the college I could accept any mode of payment that is legal, and crypto payments are not illegal, which means that I could do it.

But, when a nation starts to accept it, that becomes a bit of a different situation because it means we are going to end up getting a lot different results and it is not going to be that easy. I personally prefer to have it differently done, I would instead get fiat from people and then use that to buy crypto, that would mean every single payment is actually a crypto payment to me, but of course I would understand this way too.

This process is already ongoing mate. I mean those students are taking this facilities to pay their University fees as well as their others goods payment with bitcoin but yeah, only happening in those countries which are already legalized Bitcoin for their people. But if any county doesn't recognize bitcoin, then the transaction would be considered as illegal and  cause for punishment if get caught. Although government can't stop people who want to using bitcoin. But you mentioned bitcoin is unstable, that's true. There is also process to convert it immediately and nowadays i notice, cryptocurrency usdt is available for transaction due to make everything more easier

The owner of the school or university could decide on their own if they will accept a crypto currency payment, even if the government doesn't allow it, as long as the university or school is private. But the thing is, it is not applicable to public schools that are handled by the government. Cryptocurrency as a payment is still too dangerous and has a lot of things to consider before adopting and accepting it for transactions, especially for big transactions such as tuition. But it would be great if it were adopted; it could only mean that our industry and economy are taking a bigger step in terms of currency. It may be too far, but we can still see it happening, not just in tuition fees. Cryptocurrency payments can be implemented and applied to many transactions, such as daily lives or banking, which would be great.

OP, if an institution decides to accept Bitcoin as a mode of payment I think is personal and also a welcome development, besides with the little knowledge I have gotten so far, I don't think this is new, you said Bitcoin is an unstable currency, this is true but you should also know that Bitcoin as an unstable currency does not make it stagnant, the price moves up and down, just imagine if some college have taken this decision earlier, they would have been on the profit side by now if this process is been initiated by some institutions some parents who are Bitcoin-friendly will not want to pass through bank stress but rather, they will settle for this payment pattern.

Yes, it is possible for any industry to accept BTC as payment method and yes, bitcoin price is volatile.
We already have a country using BTC as a payment method and so it's not necessary for BTC price to be stable to be utilized as a payment method.

It can be possible but it depends on the country's rules because if someone pay you a tuition fee in the form of bitcoin but your government does not allow this then you will not be able to take bitcoin as a payment. Also payment in the form of bitcoin will be only accepted if that time the value remains same useful as it is today. It will takes time because bitcoin and other altcoins are not yet legalized all over the world. Some country accept bitcoin because they have realized its use cases while many still don't want to accept it.

I’m not sure how well this will work because Bitcoin is volatile even if it’s not as volatile as many of these Altcoins, and the volatility will be noticeable when you have a bigger amount. So if someone wants to pay school fees which is definitely a lot of money, how will the school manage the volatility? I think USDT, USDC, and the other USD pegged coins can be a better option. But if the school totally understands and knows how to manage Bitcoin’s volatility, it’s a good thing to Bitcoin that it’s getting more adoption.

Sure why not? Also who's to say people aren't already using bitcoin to pay for college or school tuition? I know you mean directly, of course.  Bitcoin doesn't necessarily have to replace fiat money/currency to become currency itself.  Despite it not being stable, I dont think that necessarily takes out the possibility of it one day being accepted as currency for tuition/room and board expenses etc.  We have some ways to go though, in my opinion.

I think that would only complicate the system, I have read here in the forum that even Tesla used Bitcoin as they mode of payment but later on they lost huge amounts of money as we know Bitcoin's volatility, it's true that Bitocin could be beneficial for a long-term but when it comes to business or any establishment, you would really need the money as soon as possible without holding for you to use those funds either for buying resources or innovation. There might be existing universities that are really open to cryptocurrency but I think they wouldn't still use Bitcoin as a mode of payment when you can convert it to fiat to lessen the hassle. Still, it depends on the schools if they would like to accept Bitcoin cause they would be the one who's gonna handle it, but only for the private one, cause public schools are handled by the government as the student's tuition are paid in tax so they wouldn't like to mess with that.

It depends on whether Bitcoin will be able to overcome all these obstacles and become the world currency one day. As many have already mentioned there are many institutions that are accepting Bitcoin as a payment method. It is possible for Bitcoin to get accepted as a payment method, however, in order for it to be accepted worldwide, it's gonna take time. The volatile nature of Bitcoin is not the main issue here because we are still using it today as a payment method in many countries or services online. They have come up with a converter that tells you how much you need to pay in BTC. Or you can convert it yourself and confirm it on your own and then make the payment.

But the main question here is, are you willing to pay it in Bitcoin or not? It depends on you. If you bought BTC at a higher price and now the price is low compared to the initial buying price, you may think that you will make a loss if you pay in BTC now. But the opposite happens when you buy at a low and now you are in a profit. So adaptability to the situation is the main issue here. Bitcoin still holds the crown for being decentralized and the best P2P transaction method. But we are the one who decides whether we should use it or not.

Paying tuitions fees using bitcoin is a valid payment option but not all univesities and colleges are accepting this kind of payment method because it depends to the higher management/ Board of directors if they will accepting this, since we all know that bitcoin is volatile, there's a lot of things needs to consider and evaluate before they approve. Maybe in the future, this will be a norm in our society as people nowadays are interested and gained an idea about bitcoin.

Yes, I think the key problem is with us, not with universities or organizations. Most people only see bitcoin as an asset, an investment, is anyone generous enough to buy bitcoin for $60k and be willing to use it for payment when it costs $30k? I bet no one would be stupid enough to do that. So the problem is us, not anyone else, because for businesses, accepting bitcoin is no different from other payment methods. They will always use the BTC/USD rate at the time of our payment, they will not incur any losses.

It's difficult to be able to do that especially with the volatility of bitcoin as many people have already mentioned, the only way that this can be done is through payment processors like BitPay where your bitcoin is converted into fiat when it's sent to the university so technically they're not getting paid in bitcoin for their tuition, there's probably a list there of universities that accept bitcoin as the tuition with no need for payment processors just like what Charle-Tim listed. Your question is actually a pretty good idea that a company can create a system for universities so they can accept bitcoin as bitcoin and not as a fiat or maybe even a thesis project for IT students.

If we talk about educational institutions, this means that legally it involves government policy and all payment methods must follow the rules to increase state income. In other words, schools cannot carelessly implement payment systems via Bitcoin or other cryptocurrencies, they will still comply with the rules and laws of countries where fiat is the only legal payment method. Bitcoin and other cryptocurrencies are not generally accepted because not all students use them. You need to learn this because there are things that cannot be applied arbitrarily. Educational institutions are controlled by government agencies, so it is not surprising why until now no one has implemented payments using this method. If there is, it must be done in countries whose governments have legally recognized and legalized Bitcoin as a currency option. However, so far every country still uses the same policy, namely maintaining fiat circulation in order to increase economic growth.

If I can remember well, there was a newly established private university in my country that agreed to accept bitcoin as a payment method. That was before the central bank of my country decided to ban all accounts that had a history of bitcoin transactions, so I don't think the school will still keep on accepting bitcoin. I can't really hear anything about the school anymore, but I am sure they will no longer accept bitcoin because they won't want their account or school to be compromised. But I am sure later in the future we will see more schools that will be accepting bitcoin. Everyone is just scared in my country to make it public that they do accept bitcoin so that their business won't end up being compromised.

This depends on which country legalizes BTC, many countries have not agreed to legalize this asset for payment, each country has special regulatory rules to determine payment, in my country it is only limited to exchanging commodity products, payment is only currency. Maybe the educational curriculum can be accepted by many countries. Indeed, in terms of BTC prices, the price is very volatile, but what you need to know is that when you buy this asset, the nominal value of BTC will not change no matter how long you hold it. Who says fiat is stable, the value of fiat is fixed, for example $100, but look at how many goods you got 5 years ago compared to now. Inflation is what eats away at your money.

It will take a long time for bitcoin to be considered as a payment method. Bitcoin is not legal in many parts of the world and many people don't know anything about the use of bitcoin so they rely on fiat currency to pay cash. More importantly if bitcoin is not decentralized and cannot be controlled by the government of a country it is beyond our control whether it is possible to pay tuition to future students with bitcoin or other cryptocurrencies. Governments can't control bitcoins because they don't give legitimacy. Teaching about bitcoin will greatly benefit future students.

Yeah, you got the point. If you buy and sell instantly, all you lose is some portion of it that is required for the fee. Other than that, you are getting what you are paying for. If organizations or colleges implement something that converts any BTC directly to fiat currency, then it will be no issue for both parties. The amount you pay will instantly get converted into fiat equivalent to the current market price you are paying. You get the advantage of using BTC as a payment method while the organization gets what they have asked for. It's a win-win situation and I see no problem with it.

But everything comes to us in the end. As mentioned before, will we be willing to pay in BTC?

They're already in shambles already. El Salvador in particular. Saw news and a few posts here talking about how everyone in the country practically hates the new monetary system that was imposed upon them overnight. Businesses and regular joes holding protests to retort the change and all that stuff, so El Salvador's probably not the best country to use as an example here.

Although as for payment processors, local crypto wallets could do the same trick for you. The Philippines got Coins.Ph and recently, Gcash, that both offer fiat and crypto payments simultaneously, while the government of your country's haven't made their mind up yet, perhaps look into using local crypto wallets first as they oftentimes do the trick albeit with more effort on your part.

It very possible that some crypto enthusiast institutions would start collecting their tuition fee with Bitcoin, probably due to the ease in procedure for payment and  transactions and possibly to avoid a third party like banks, though the price of Bitcoin might not be stable, however some institutions might adopt a method to convert those payments to a stable coin like USDT to avoid the possible of dump in the price of Bitcoin though that gonna be a matter of choice, once thing I am very sure of is that in no distant future Bitcoin payment and it adoption would widely be accepted not only in institutions including more businesses and organizations.

No - it was considered a payment method on day one, but it's hard to expect it to become a global currency. This still depends on the clarity of a country's regulations - but several governments in the world have adopted it as a means of payment.

I disagree with your first point - bitcoin is not illegal in most countries although governments generally have not legalized it as currency. At least you can still convert bitcoin to fiat and pay school fees – especially if you are in a country that has not yet legalized bitcoin as a means of payment.

The government certainly can't control bitcoin - but it can control users with regulation. They take advantage of regulations without letting you use bitcoin as legal tender - in some countries the government even levies taxes on your bitcoin income.

Indeed, this does not rule out the possibility that it could be applied if the country legalizes Bitcoin as a legal currency, or in the sense of a tender contract. If it becomes legal tender, Bitcoin can be accepted for various types of legal payments, of course with various consequences that will be received. because, without clear and legal regulations, I think the school will not dare to accept Bitcoin payments. especially if the state prohibits it. This will of course be related to the applicable laws, and a school is an institution that is usually subject to the laws and regulations in force in that country, even though it is a private school.

What is the big deal here? If you can use Bitcoin to pay for goods and services, I think it's going to be an option thing and not a compulsory stuff for students. Furthermore, with or without Bitcoin being legalized in a country, and we have a situation where the country is Bitcoin-friendly and without restrictions on Bitcoin, With private institution or University we can see a situation like this in the future play out, So the volatility would not matter for both the students and the school because the institution will have taken that into account before adopting Bitcoin method of payment.

It's very much possible. If the school allows it, then the students are free to do that. The stability of the asset does not really matter and it won't be the student concern. What will matter is for the student to make payment through the desire method. Beside, schools don't spend all funds all at once, most of their funds are placed in reserve and the payments, which come in form of bitcoin, can be used as reserve. 
 
Hier in my local school they are not yet expanded or developed up to that extent and many have so much fear for the currency up and down price, so implementing that won't be a easy thing fit them to just quickly decide, and beside, how many student or parent will be ready to pay fees with bitcoin, when they have fiat for that purpose. 

Of course it's possible and I'm aware of a few institutions that accept bitcoin payments in replacement of cash for tuition. As a means of payment, bitcoin is also accepted by many business owners. Since this is the case, why can't schools do the same? While accepting bitcoin payments is one thing, it is also important to consider whether or not people will be willing to pay with bitcoin given its potential. Just a few individuals in my opinion, would want to part with their bitcoins. Although no school in my nation has begun to take bitcoin payments for tuition, I hope that will change very soon.

Countries are starting to fully understand the principles behind bitcoin, and some are progressively starting to legalise its use. Fiat currencies have ruled the world for a very long time, and I agree that they have done so flawlessly. However, I fail to see why people believe that fiat and bitcoin cannot coexist, as long as fiat is allowed to continue being used, and people continue to use bitcoin when needed. After all, there will always be those who reject bitcoin and would rather use fiat currencies.

Although I would love it if it did, I don't think bitcoin will become the main form of money on the planet. Instead, I believe that if bitcoin is widely used as a substitute for fiat money, it will benefit many economies and create economic stability. That way, the cryptocurrency's reputation won't be damaged and Bitcoinwon't be written off as a failed project. Bitcoin can never be a failed project because it has already shown to be the greatest cryptocurrency and a reliable payment option.

I don't know if any country has paid students, staff and teachers in educational institutions through Bitcoin. However, other transactions or payments may be made through Bitcoin but it will not be possible to accept or recognize Bitcoin payments on a large scale. Bitcoin will never be accepted as a universal payment due to the unstable market of the price. But it may accept or accept payment with banks in any country but it will never be accepted in educational institutions.

Educational institutions as well as businesses, if they are in a country where bitcoin is legal, can accept tuition payments in bitcoin. But wanting this to be applied across all universities in the world is impossible, it is no different from asking bitcoin to become a world currency. And the possibility of bitcoin becoming a true world currency is very unlikely, if not impossible.

I think bitcoin's price volatility is not the main barrier to it becoming a global payment method, simply because its decentralization makes it difficult for governments to regulate.

It is hoped that Bitcoin will continue to improve in the future. It will have more stability. And people's confidence in it will increase  in further. And it is not far off when it will take the form of common currency.
Before 2000, there was a lack of business confidence on the Internet. Fraud and fraud were rampant. And whenever some people thought that there would come a time when the confidence of people doing business on the Internet would be restored.
And with the introduction of block chain technology, people have regained their confidence in doing business on the Internet. Although this seems difficult at present. But in the future Bitcoin will become a universal currency.

Bitcoin is growing everyday and having more awareness, and as time goes own more country will accept Bitcoin as an alternative currency. I believe in time to a country where bitcoin is legal may decide to accept Bitcoin as currency for tuition fees .

As far as  bitcoin keeps getting more awareness and as countries is making it legal, bitcoin has a very good chance of becoming an alternative form of payment for institutions, payment for good and service in companies. So I don't think it will be surprising if institutions starts accepting bitcoin as a form of payment, this will definitely take place because more countries will accept Bitcoin as a legal currency in the future.

To many people wanting this to happen but for what currently we have with bitcoin price action I don't think those people have zero knowledge about bitcoins would really love what they see if we see a huge decline from it. That's why for now its impossible for this to happen since there are so many things need to consider to happen before acceptance to anywhere will happen. Also a lot of people around the world needs global awareness of its existence including the risk and how to deal with bitcoin is really needed so like us they can adopt to it and know what to do in certain worst case will happen.

But for now dreaming to have this happen maybe not possible its because of to many negative factor that can affect for bitcoin adoption to happen. Maybe we should enjoy what we currently have since if good things happen for sure all what we think could possibly happen.

  It depends on the principal or owner of the school in their jurisdiction to do that as a payment option for students who will enroll in their school. It's just that, with the upcoming bitcoin halving, it seems impractical to do so.

  It is not okay when there is a congested issue in the Bitcoin network, but it is okay if the transaction fee of the blockchain network is normal in Bitcoin. It means that the bitcoin payment is also dependent on the time that is being faced, like what is happening now that the transaction fee is high.

everything is possible but first we must find a school or college or university that supports crypto so they may consider
accepting payments for enrollments or for other school obligations , but that will happen in long term process, though there are
online classes now that starts accepting bitcoin/crypto as payment yet I have not heard any school from my country that
accept tuition fees using bitcoin , hoping to find one sooner.

op We will be able to pay BTC for tuition only when the government declares Bitcoin legal in our country. In countries where Bitcoin is legal, of course if they want they can do tuition through BTC or various transactions through BTC. Indeed if we could pay BTC for tuition then we would be able to do BTC transactions in restaurants shopping malls. But it will never be possible unless the government of our country wants it. Honestly in our country the government has not legalized Bitcoin yet. So it is never possible to pay BTC for tuition in our country.  Doubts whether the government of our country will ever legalize Bitcoin?

actually this is what I am looking now as my eldest is going to college next year so if there will
be a school or university that will accept Bitcoin or at least even stable  coins because I have been readying
His school fees from Bitcoin holdings .

and I am completely ready for the next year Bullrun to use (as I believe it will double or even
more the amount I readied for Him so like your hope? this is also mine mate.

It's possible that Bitcoin will be accepted in schools later in the future, but this would certainly not be in every country since most countries would avoid this for obvious reasons. Bitcoin is too private and it's a decentralized currency, so to control, monitor and make it add to the economy of the country is not possible for the central authority.

Fine, what you are asking is very possible, and it's what would happen when the coin has been legalized by any country in the world. This means that every individual, government and private establishment must accept Bitcoin and not reject it for any reason whatsoever. This is what is happening now in El Salvador, Bitcoin is legalized in that country and I am sure that the schools would have had the gateway for it that will make it possible for their students and the intending ones to pay through it.

Another downside of Bitcoin that most schools might be wary of even if it's being legalized is the volatility. Bitcoin could dangerously fluctuate which is not a good sign for an investment like schools and other establishments. Even if some agree to accept it as a payment means, they might be quick to discard it and change it to fiat money as it's not all establishments that are speculative in nature.

Cute there are institutions that accepts the payment of tuition fees in Bitcoin and there are countries aswell where Bitcoin is a legal tender, if they allow payment in Bitcoin it will always be relatively to the Fiat value so the fluctuations in the price of Bitcoin wouldn't be a challenge because there's a reference Fiat value, you may only require some more units of Bitcoin at some point and maybe less in the later, same applies to the institution but then payment converters will help mediate such that both parties will be even regardless of the fluctuations.

So I don't see the fluctuations as a problem rather it's even an opportunity for techies to develop more convertion platforms and received commissions especially in countries where Bitcoin is now a legal tender.

I think it's definitely possible in the future if a teacher accepts bitcoin payments for tuition. If that teacher knows the Bitcoin relationship and is well-versed about the students and Bitcoin, it is definitely possible if they agree on a salary with each other. And I think taking Bitcoin payments might be a good initiative if it's a teacher doing it with their student. And if Bitcoin Siemens doesn't accept due to market volatility then I think it might be a mistake in his mind. And only people who know Bitcoin well and think positively about its future will take this initiative.

What about some large stores or companies that do accept bitcoin payment methods? How is that possible? If you think bitcoin can't be accepted on a large scale, then let's wait and see. The main reason why bitcoin is not really accepted as a payment method in most countries is due to restrictions. Most countries are placing bans on bitcoin, but I am sure with time they won't have a choice but to lift all those bans. By then, everyone will be able to use bitcoin freely.

You so confident that bitcoin will never be accepted in any educational institution? I want you to give a reason why you think bitcoin will never be accepted. You're talking about the unstable market price, I don't think that's really an excuse. Most of the businesses that accept bitcoin as a payment method know about the unstable market price. So what's the difference between those businesses and educational institutions? I don't think you have any reason to say bitcoin can never be accepted in educational institutions.

By the way, as I just said in my previous post, there was a school that I heard about on the news that accept bitcoin in my country, actually, I don't know if they are still accepting bitcoin, because there was a certain time when a ban was placed on all the accounts that had bitcoin transaction histories, so i guess they will have stopped. I can't remember the name of the institution because it is a private institution and not even in my state.

While its true that Bitcoin's acceptance for tuition payments and as legal tender in some countries showcases its growing legitimacy, your view on price fluctuations seems overly simplistic. Yes, fiat value reference does mitigate immediate impacts, but isnt this reliance on fiat contrary to Bitcoin's ethos of autonomy? We must acknowledge the broader implications. Price volatility isn't just about more or less Bitcoin; its about uncertainty and its psychological impact on users and institutions. Conversion platforms? They are mere Band-Aids on a deeper wound. True, hey provide a temporary fix and a revenue stream for developers, but is this sustainable? Is fostering an ecosystem dependent on constant conversions and commissions genuinely beneficial for Bitcoin's long-term vision? These platforms could inadvertently reinforce Bitcoin's image as a speculative tool rather than a stable currency. Lets not confuse temporary solutions with long-term viability. Bitcoin's future hinges on addressing these fundamental challenges, not just exploiting them for short-term gains.

If at all teachers accept to recieve bitcoin as payment I don't think volatility will be a problem because after receiving bitcoin some can decide to hodl for investment and can still decide to convert it to fiat. Their are  people who receive bitcoin as salary, it is not everyone who keep their bitcoin,  some convert instantly because maybe it is only their source of income. But it will be a nice experience to see schools start accepting bitcoin for payments.

I do agree, but you also have to look at some teachers that are not that technical. I mean we can picture teachers as old so they might have a problem trying to figure out how to convert bitcoin to fiat. Or maybe they won't accept bitcoin as payment method for their teaching.

Yes, there have been some big universities already accepting bitcoin as payment method, even during 2017, if I'm not mistaken, some schools around EU and US started it already. But it doesn't mean though that they are going to pay their professors or teaching with bitcoin.

A long time to be generally accepted but their few out of many that accept Bitcoin since El Salvador made a legal tender their colleges accept Bitcoin and it won't be long again before it will become an option of payment, it is just a matter of time that people will switch and that spending bitcoin, in my country some months back when there was cash scarcity bitcoin would have fit in and with the kind of network it will make the transaction very easy and fast,  the best thing I love about bitcoin that it is decentralized and it is better that way and governments are find a way by all means to control bitcoin, and any country can decide to use it for payment of tuition fee so everything depends on how they want to use bitcoin in their financial system, el salvador use it now does not give other countries the right to talk about or do anything to el Salvador because they are investing in bitcoin.

It would really be nice if you can give us names of some of these institutions that accept Bitcoin already, probably those outside El Salvador and Central African Republic where Bitcoin is already a legal tender. Perhaps I have not been following so well on Bitcoin news to have missed the part where there are institutions that accept Bitcoin outside the countries I mentioned above.


On the contrary, I think volatility is still a major challenge. Do you think someone whose heart is not too strong in Bitcoin yet and who started accepting Bitcoin will find it funny when his $100 payment reduces to like $90 within few days. It takes only a strong believer for Bitcoin and probably someone holding and not eager to sell to understand the situation and not someone who needs to sell the Bitcoin and probably buy goods to stock his shop. So, the volatility is still a bottleneck that even discourage a lot of people from accepting Bitcoin.

I think it should be very possible because there are some large stores that are receiving Bitcoin now, and the fact is that Bitcoin is becoming more popular day by day, and the number of people adopting it is increasing with each passing day. With the positive signs we are seeing in the crypto industry, it will not even take long before a lot of big companies and organizations start accepting Bitcoin. It is true that the price of Bitcoin is not stable, but I don't think that is the main reason why many companies are not accepting it. I think the main reason is that governments have put bans on it in some countries, so for that reason, many people don't have access to make use of it.just imagine if you are in a country where the government has banned bitcoin. It will be very hard for any company in that country to accept bitcoin because people do not make use of it.

I dont know if this one is already given or not but there are already universities which are accepting crypto payment into their tuition.
Also, im not aware if this one is updated actively or an old list but at least we are seeing that its there.

Lucerne University of Applied Sciences and Arts
European School of Management and Technology
University of Nicosia
FPT University   Vietnam
Universidad Americana
.....and so on.

Source: https://www.missioncriticalmagazine.com/articles/94801-these-45-universities-accept-cryptocurrency-for-tuition

It is really that showing that acceptance and recognition is really that moving.
Sooner in later years,then it would be that more rampant and acceptance is more higher but of course this isnt
something that could happen in most countries. There would be those places which do totally ban crypto on which it isnt shocking.

The future is a long way and none of us knows what the future of bitcoin holds for us all in terms of using it as another means of payment.

Bitcoin used as payment for tuition fees in the future can be possible or not. By the way, bitcoin is not up to two decades of existence and it has gained trust and popularity in some countries to make it legal in their country.

I believe it is a gradual process and a matter of time, through how Bitcoin has spread and been accepted by many people globally, we would know whether it will be possible to have it as payment of tuition fees allowed in schools since some countries like El Salvador and the Democratic Republic of Congo have openly declared bitcoin to be legal in their country.

That means Bitcoin is increasingly recognized as a digital currency that provides many benefits and many advantages, depending on how they use it.
Bitcoin adoption in several countries makes Bitcoin increasingly in demand and a clear example is the country of El Salvador which continues to be consistent with Bitcoin.

But we also need to be aware that those who reject Bitcoin and ban it also have reasons about how Bitcoin risks and cryptocurrencies risk.
Seeing how the percentage of Bitcoin increases every year, small adoptions or large adoptions are done well and crypto education is starting to run.

We can see now shops that have their QR codes posted on the front of their stores and this can be done by the registrars or cashiers of the universities for them to be able to pay for their tuition fees. With these qr codes, we don't know if these are btc wallets directly from the wallets that we actually use.

Or, they are the QR codes that are provided by the third-party services that accepts payment in Bitcoin and they are the ones to process and convert it instantly for the customer. In this time, it's very easy for most people to accept service and payments in cryptocurrencies and especially for Bitcoin when there are a lot of payment processors can do it.

I think this depends upon the educational institution if it is public or privately held.

Generally, private institutions have their discretion about their payment methods. Since an educational institution should be as understanding as possible, there is that possibility that they may accept BTC as payment.

As for public institutions in which the government controls the school, there is a high probability that BTC payments would not be accepted. Also, this is heavily dependent on its view about cryptocurrencies. Naturally, if the government of such country has a negative view on it, expect that it will not be accepted. On the other hand, if the government is in favor of cryptocurrencies, then there is that possibility that it may be accepted.

At the end of the day, to also save you the hassle, if you have enough BTCs to pay for your tuition, then convert them to your local currency through p2p or through some other method that will guarantee payment.

I feel like this is basically school to school basis thing and not really a national thing but also if a nation has plenty of these schools then it will become more common for others to start accepting it as well. I hope that people could see the difference and could maybe do something regarding this situation, and I think the best thing to do in this case would be a better situation.

I think we could potentially see a few schools accepting, ones with some proper name, as long as bitcoin is legal, and I do not mean legal tender, just legal to accept then we could see some schools starting to do that. I hope to see the situation grow and be better, and as many schools as possible start accepting it, that would be lovely for sure.

Don't he surprised when you see some private schools start to accept bitcoin, more importantly when they have owner that is smart enough to accumulate bitcoin before the bullrun as we are already expecting halving very soon. Some private organization are disguising already trying to stash many bitcoin so they can unload it off after it has increased in price, I expect some school to do so or may be in the future.

Everything about bitcoin adoption is in the legal tender status, if  bitcoin received a legal tender status in a country, then everyone must be ready to accept bitcoin when people want to buy or sell anything and the people must comply. With this first stage, schools and business owners will established way to accept bitcoin so that people can pay up. Don't be shock that people are really wanting this as well but legality is the reason why they are yet to do anything about it.

The likelihood of that happening is quite high. Becoming an alternative payment method doesn't seem like a bad idea... in fact, it could streamline processes if both parties (universities and students) are knowledgeable about it.
Realistically, I see this happening sooner for universities with programs related to cryptocurrency or blockchain.
They could adopt cryptocurrency payments while implementing the practical use of what students are learning. There's nothing wrong with this approach.

I don't think there is anything to do with stable money running a country and accepting the BTC as a mode of payment. Whether it is tuition fees, purchasing a car, lending the money or buying an entire villa with Bitcoin, it doesn't really matter.

All that matters is a buyer is ready to pay with Bitcoin while a seller is ready to sell for Bitcoin. That is all that matters mate. Now these things will not hamper the nation because Bitcoin has nothing to do with the national treasury. Every country they are stabilizing the nations wealth in their own currency with their own agendas.

We should stop thinking in a way where we correlate Bitcoin with the stability of the nation. That doesn't really fit into the math.