[2017-10-06] Swiss Public University Begins Accepting Bitcoin

[ivanpoldark]

Switzerland's Lucerne University of Applied Sciences and Arts is now accepting bitcoin.

The public institution is taking the cryptocurrency as payment for student-related bills through a partnership with Bitcoin Suisse AG. As might be expected, the university itself won't handle the bitcoin – rather, the brokerage firm will exchange incoming payments into Swiss francs on a weekly basis, according to an announcement.

"Bitcoin Suisse AG will bear the risk of any exchange rate losses and currency fluctuations," the university notes.

Immediate adoption by most students is not expected, however. Only those who are savvy about finance or are interested in pursuing an education in this area are expected to choose the payment method, the release indicates.

The move makes it the latest publicly funded higher education institute to embrace bitcoin as an alternative payment, following the King's College New York, The University of Nicosia in Cyprus, and The University of Cumbria in the U.K.

Yet the move is perhaps an unsurprising one, given the interest the university has shown toward the tech to date.

Researchers at Lucerne are involved in a number of blockchain initiatives, including an ethereum-based identity solution being spearheaded by the City of Zug. The university is also a member of the non-profit Crypto Valley Association, a working group dedicated to companies and startups in Switzerland that are using the tech.

https://www.coindesk.com/swiss-public-university-begins-accepting-bitcoin/

[alani123]

It is very interesting to see how a public university can accept non-state means of payment, especially for a country that manages its own currency. This is in my opinion a good example of how bitcoin can co-exist with state means in a country.

[Bram 666]

good news Hope other Universities start to support bitcoin .


what really university do with bitcoin Because they can’t exchange it to cash (real bank system) also can’t trading ?

[rindo]

After a region on Switzerland gave the possibility to tax payers, to use Bitcoin as a payment method, now we have Universities that allows students to pay there inscription also with Bitcoin. No doubt that Switzerland is one of main Bitcoins supportive lands, so as government level, as population. This action from some Universities just states how the country is adding ahead to mass adoption of the technology. I believe there is a lot more to come.

[HristianD]

Switzerland's Lucerne University of Applied Sciences and Arts is now accepting bitcoin.

The public institution is taking the cryptocurrency as payment for student-related bills through a partnership with Bitcoin Suisse AG. As might be expected, the university itself won't handle the bitcoin – rather, the brokerage firm will exchange incoming payments into Swiss francs on a weekly basis, according to an announcement.

"Bitcoin Suisse AG will bear the risk of any exchange rate losses and currency fluctuations," the university notes.

Immediate adoption by most students is not expected, however. Only those who are savvy about finance or are interested in pursuing an education in this area are expected to choose the payment method, the release indicates.

The move makes it the latest publicly funded higher education institute to embrace bitcoin as an alternative payment, following the King's College New York, The University of Nicosia in Cyprus, and The University of Cumbria in the U.K.

Yet the move is perhaps an unsurprising one, given the interest the university has shown toward the tech to date.

Researchers at Lucerne are involved in a number of blockchain initiatives, including an ethereum-based identity solution being spearheaded by the City of Zug. The university is also a member of the non-profit Crypto Valley Association, a working group dedicated to companies and startups in Switzerland that are using the tech.

https://www.coindesk.com/swiss-public-university-begins-accepting-bitcoin/

Hey, thanks for sharing the news!

My name is Hristian and I am leading the Open Source University ICO at www.os.university.

We are building a global learning and development ledger, because we believe the blockchain technology has far greater potential to disrupt the world of education than just to pay tuition..

Check out our project discussion at https://bitcointalk.org/index.php?topic=2393582.0.

I will be happy to keep in touch.

Best,
Hristian

[MoonJeina]

This is quite impressive and refreshing news .
Bitcoin is in its high these days , all that bitcoin needs for now is such public recoginitions .
I hope more public institutions comes forward with open mind to accept and promote bitcoin.

[DannaWonder]

It is very interesting to see how a public university can accept non-state means of payment, especially for a country that manages its own currency. This is in my opinion a good example of how bitcoin can co-exist with state means in a country.

This is indeed a good news to hear about bitcoin, another school that accepts it only means that bitcoin is becoming widely accepted for different industries. Time will come bitcoin might really replace fiat or at least the use of credit cards.