A university in Vietnam receives tuition fees in bitcoin

[xypos]

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

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.

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[warningsigns]

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.

[LTU_btc]

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 :/

[dunfida]

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.

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.

[Berk]

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

[Beerwizzard]

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.

[maarx]

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

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.

[passwordnow]

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 :/

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.  

[npredtorch]

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 :/

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.

[Manyara]

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

[deadsilent]

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 :/

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.

[passwordnow]

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 :/

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.

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.

[GetOutOfMyLife]

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

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.

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.

[frowsiter]

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

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. 

[terrific]

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 :/

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.

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/

Bitcoin and other virtual currencies are not lawful means of payment in Vietnam

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.

[Hexah]

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.

[eagleman]

That is a good news for a University to accept such tuition fees

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/


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.

[bellamae]

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.

[Jating]

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

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.

[npredtorch]

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.

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.