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Author Topic: Bitcoin Adoption: Universities now Accepting Bitcoin for Tuition Payment?  (Read 681 times)
serjent05
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December 03, 2020, 04:28:09 PM
 #21

Perhaps there’s not that much of a big deal in the acceptance itself, which may not apply to all courses and grades (at least the University of Cumbria stated that they were running this as an experiment on a set of two courses – see https://99bitcoins.com/university-cumbria-uk-bitcoin/), as to the awareness that it could creates amongst university students, teachers and collaborators.

Nevertheless, I’ve tried to take a look into a couple of them, to see it the payment method is still accepted, global or delimited in scope, and the placement of this information on their information sites, but have come out empty handed …
Just checked and they state following:
Quote
Despite the open support to cryptocurrency, the university is<strong> warning future students against buying Bitcoin just to pay for the tuition</strong> due to the high volatility risk. The institution believes that students should only pay in cryptocurrency if they already own it.

From University of Cumbria is UK's first to step into the Bitcoin world
https://99bitcoins.com/university-cumbria-uk-bitcoin/
So it seems that they accept bitcoin but at the same time are against it's adoption. It's still good that they accept bitcoin but the proposal that comes after that seems like it's a bad coin and users should only use if they accidentally bought it. Personally, I think that while adopting bitcoin or accepting bitcoin payments, universities should add Bitcoin and Blockchain technologies as a subject for those who study finances and informational technologies. But university that accepts it but warns students against it, seems very illogical for me and such university will never include a quality syllabus for this subject.

I don't think they are against cryptocurrency adoption. If they do then, they won't accept BTC as payment.  I see it as them (university) having concern on the possible losses of a student if ever they bought BTC at the wrong time.  Nevertheless, I believe the university is just taking advantage of the technology offered by BTC, and at the same time going with the trend.  And I agree, if universities really support Bitcoin and Blockchain technology, they should add them to the school curriculum.

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ranochigo
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December 03, 2020, 04:51:07 PM
 #22

I think it's great for more institutions to accept Bitcoin and I see this as a huge plus for the adoption.

However, it's important to note that it's just akin to having more payment methods. Don't get me wrong, there's nothing bad about it. Having more payment methods is beneficial to the adoption but it isn't synonymous as people seeing it as a store of value. The volatility of Bitcoin is way too much for most to shoulder especially when it's so hard to use Bitcoin. Until Bitcoin becomes less volatile, the adoption rate won't be high at all. It's definitely good publicity to be one of the few to accept crypto though (something something about innovation within the university)?

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December 03, 2020, 09:15:36 PM
 #23

What more do we need? It is left for governments of several countries to lower their pride and decentralize their economies; by leveraging on the growing of the digital freedom. Bitcoin isn't just a coin, it is an economy to reckon on.
First of all, i want to enlighten you guys that alot of Universities in the US and UK have been accepting Bitcoin for tuition payment before now and even before payment integration of cryptocurrency but i guess most people are not aware of it.
Josefjix, i have said before that the government are the only setting hindering crypto adoption but with the SEC CEO statement i expect some government to lower their pride

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December 04, 2020, 02:00:16 AM
 #24

The university's movements to accept bitcoin for tuition payment is a great step in the education world. If that can integrate without any problem, the other universities will follow this step. We need more universities to accept bitcoin to be used for education or in schools and universities. We know that the young generation is now aware of the new technology. Maybe sooner or later, we will see that the university has a lesson about crypto to attract more young people to studied more about crypto. The popularity of bitcoin to young people will also increase because they will learn how to use bitcoin before using bitcoin to pay their tuition.

Its really great that step by step the world was now adopting bitcoin. For now even though its is only some universities that accepted bitcoin as a tuition payment hoping that sooner other universities will consider this alos.  It may took a lot more years for us to wait that the world may accept cryptocurrency or bitcoin as a whole, and a mode of payment and transactions and even became one of the worlds currency but knowing that there has some steps like this surely give a good sign to the huge potential ahead.
Yes, the world is now aware of bitcoin, which attracts more people to join the bitcoin world. It needs more effort to invite more universities to accept bitcoin as tuition payment, but I am sure that will happen because bitcoin can be a solution for people who want to pay for their study with bitcoin.

No matter if it needs more years, the world will be ready to accept cryptocurrency, and it is still under process right now. Bitcoin itself is trying to reach more, not just in the business, economy, but now that bitcoin is trying to enter the education field. We still need to introduce bitcoin and altcoin to many people out there, so they will know that they now have more options for the payment system, and it is not just for that reason, but it could be a new investment for them.

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December 04, 2020, 02:29:04 AM
 #25

The title seems to be need editing mate Because it is not just "NOW" that Those universities are accepting Bitcoin as because the Most recent among the list accepts Bitcoin as Payment since 2017 means that's 3 years ago.
and those first adopter Starts from 2013 when bitcoin is just starting to be Mainstream and when many people are Throwing accusation that this is a scam and not to be trusted.

I don't think many people will be interested in this offer, but why not?

Many People who's know nothing about technology or denying the reality that Paper money is starting to collapse.

Imagine those are university that Teaching our children about what they need in future and here they are the parents are denying this fact.

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December 04, 2020, 02:50:27 AM
 #26

some universities that accept bitcoin or adopt bitcoin as a means of payment for their students are certainly the best choice to prove that bitcoin is a payment technology that has a good future.  It also depends on the country where the university is located.  several other states have unclear regulations on bitcoin.  Universities that adopt bitcoin payments certainly add subjects on bitcoin, cryptocurrency and blockchain technology as additional subjects.  In my country this kind of adoption is still very far away, regulation is limited to commodity trading and nothing more.  The longer the adoption of bitcoin will be more widespread and not only as a speculative asset but a revolutionary payment option.

R


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December 04, 2020, 06:28:41 AM
 #27

This is really interesting and a good start as well, and will of course gradually compel others to take the same path, and before one can know it, Bitcoin and other cryptocurrencies, as well as blockchain will be studied in more universities. Going down memory lane, it is clear that every good Innovation only needs time to achieve the intended goal, this is the case with Bitcoin. When Bitcoin was created, it was called many names but today, the price is valuable, big cooperations are adopting it and now universities are accepting it as a means of payment, this to a great extent has added more value and Integrity to the crypto space.
Furthermore, accepting Bitcoin is more like getting ready for the future and what it offers, because from all ramifications, it will only keep getting better and more interesting.

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December 04, 2020, 07:32:35 AM
 #28

What more do we need? It is left for governments of several countries to lower their pride and decentralize their economies; by leveraging on the growing of the digital freedom. Bitcoin isn't just a coin, it is an economy to reckon on.
First of all, i want to enlighten you guys that alot of Universities in the US and UK have been accepting Bitcoin for tuition payment before now and even before payment integration of cryptocurrency but i guess most people are not aware of it.
Josefjix, i have said before that the government are the only setting hindering crypto adoption but with the SEC CEO statement i expect some government to lower their pride
How should the integration of SEC and CEO  be done to overlap the contraindications of the government policies when they are hellbent on making Crypto extinct when it hasn't fully reached its potential users? I understand there are universities accepting Bitcoin as tuition for a very long time now. It is a reputable development and worth celebrating anytime the news of such things comes up.

R


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December 04, 2020, 11:52:34 AM
 #29

This is good especially for those student who are earning BTC, by that they can pay their own tuition without even asking for their parents.

Besides that, this is also a good adoption for those schools or universities to engage and explore about the importance and value of bitcoin in the economy and businesses.

Those who work to earn bitcoin can make themselves study with the course and in the university that they want if all of the universities or institutions already accept bitcoin. But we need to wait for more years for them to fully understand, adopt, and engage with bitcoin. Things can't be rushed and I know that as we are engaging more in digital age, bitcoin will become more popular globally.

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December 04, 2020, 05:40:47 PM
 #30

What more do we need? It is left for governments of several countries to lower their pride and decentralize their economies; by leveraging on the growing of the digital freedom. Bitcoin isn't just a coin, it is an economy to reckon on.
First of all, i want to enlighten you guys that alot of Universities in the US and UK have been accepting Bitcoin for tuition payment before now and even before Paypal integration of cryptocurrency but i guess most people are not aware of it.
Josefjix, i have said before that the government are the only setting hindering crypto adoption but with the SEC CEO statement i expect some government to lower their pride
How should the integration of SEC and CEO  be done to overlap the contraindications of the government policies when they are hellbent on making Crypto extinct when it hasn't fully reached its potential users? I understand there are universities accepting Bitcoin as tuition for a very long time now. It is a reputable development and worth celebrating anytime the news of such things comes up.
There's a typo in my previous messages. But you can integrate SEC when it come to an investment cause they have the right to melt into every affairs that have to do with investors protection, fairness in the market etc. Mind you, the SEC wont have be involved in cryptocurrency if there is no overlapping of scam activities by cryptocurrency scammers in the uear 2017 and the last time i checked the SEC work independently though they federal agency but they never for once operate over their roles.
They seems not to be against crypto and the statement made by US SEC CEO are message that could help the surge in price of the market.
With that been said, it not every government or policy that is against crypto.

.
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doomloop
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December 04, 2020, 08:27:13 PM
 #31

It’s good news and we are looking forward to seeing more of these happening like everyday. When I saw the news I was quite surprised because I didn’t expect universities to even adopt Bitcoin as a payment method, it’s really one of the coolest thing. I am guessing these universities are private universities and none of them are  government owned institutions right?

Because, it’s only private owned that will be able to do this, government owned institution wouldn’t be accepting Bitcoin. With that said, I am happy with the progress that we have been seeing.

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December 04, 2020, 09:12:26 PM
 #32

~snip~
Because, it’s only private owned that will be able to do this, government owned institution wouldn’t be accepting Bitcoin. With that said, I am happy with the progress that we have been seeing.
^ Definitely agree, the Innovation and Entrepreneurship Business School in Spain is also accepting Bitcoin as payment for the tuition fee. though the number of these schools is still few I am pretty sure that in a not so far distant time other schools will also follow especially those who are offering courses that are related to technology in particular to blockchain IMO. As other institutions are already acquiring bitcoins in their services hence it is not impossible that even schools and universities around the globe will be acquiring it as payment. In my country, there is no school yet that accepts bitcoins for the tuition fee instead they need to convert their bitcoin first into our local currency before they can make a payment for the tuition fee using a local wallet platform.


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December 04, 2020, 10:11:15 PM
 #33

Here are some universities that can be add up on the list.

https://esmt.berlin/
https://time.com/2871764/kings-college-accept-bitcoin/
https://www.unic.ac.cy/

Source:  https://medium.com/xcellab-magazine/explore-universities-that-accept-bitcoin-baf4cfbb5bc3

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December 04, 2020, 11:03:56 PM
 #34

As a passionate fan of bitcoin and cryptocurrencies in general, it has always been my desire to see bitcoin become a payment of choice for many businesses and organizations around the world. Judging by recent developments across the world, I can say that the desire is gradually coming to fruition.


With Bitcoin now being accepted by some major universities in different countries and businesses like Overstock, Microsoft and others, I feel confident that crypto adoption is going in the right direction and in no distant time, cryptocurrencies with $BTC taking the lead will become major contenders in the payment ecosystem as medium of exchange. I can't wait to see $BTC become a popular means of payment, not just a speculative tool and store of value that it's been mostly serving the purpose.

Recently, as I was researching the web, I came across some universities that have since being accepting Bitcoin for school fees payment and I decided to write on the topic here in order to get insights on others that are doing same across the world which I'm yet to come across.

Kindly add to this conversation by listing any university, colleges, or any institutions of learning in any part of the world that is allowing tuition and fees payment by $BTC. Let's keep the list going.

source: unic.ac.cy

Below are some of the universities that have opened doors for students to pay fees using Bitcoin:

1. University of Nicosia in Cyprus (the first in the world to do so since December 2013)
   https://www.unic.ac.cy/you-can-now-pay-your-university-tuition-with-bitcoins-wired/
   https://ecoin4dummies.com/university-of-nicosia-receives-tuition-payment-using-bitcoin/

2. The University of Cumbria Carlisle in the United Kingdom (since January 2014)
   https://www.timeshighereducation.com/news/bitcoin-to-be-accepted-by-university-for-fee-payment/2010698.article
   https://www.cumbria.ac.uk/about/news/articles/articles/university-of-cumbria-professor-to-tell-united-nations-about-the-future-of-money-.html

3. The Kings College New York in the United States (accepting since June 2014)
   https://www.tkc.edu/stories/kings-is-first-u-s-college-to-accept-bitcoin/

4. ESMT Berlin in Germany (accepting since December 2016)
   https://esmt.berlin/knowledge/esmt-berlin-bitcoin-pays

5. Lucerne University of Applied Sciences and Arts in Switzerland (since October 2017)
   https://www.hslu.ch/en/lucerne-university-of-applied-sciences-and-arts/about-us/medien/medienmitteilungen/2017/10/03/bitcoin/



Whenever we heard of using bitcoin for certain payment.It was a good sign and we can except their may be increase in the demand of bitcoin from it. When the demand increase, it automatically increase the price of bitcoin in turn. And if the bitcoin come to the curriculum of the students will help them to know the way of getting bitcoin.

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December 04, 2020, 11:50:11 PM
 #35

So this list has 5 schools. Cant wait to see this list with more than 500 schools. Though, as a bitcoin enthusiast, i believe people rather use bank wire than bitcoin for universitiy tuition which is faster than bitcoin in this field

But this is also a good chance to spread bitcoin around intuition environment where people are more intelligent and modern than others. Bitcoin needs to become even more popular in order for mass adoption
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December 05, 2020, 04:10:40 AM
 #36

I've just read recently that Pizza hut accepts bitcoin. And now there are universities already accepting it to pay for students' tuition. That's just amazing. And I have noticed that it's not that recent. I mean, those universities are already accepting bitcoin 3-7 years ago. That just means that it's effective, right? I hope that this kind of adaptation reach others and do this kind of stuff be it in business, or the academe.

So this list has 5 schools. Cant wait to see this list with more than 500 schools. ~
We'll get there, eventually. And I'm looking forward to seeing that day.

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December 05, 2020, 04:49:53 AM
 #37

Many countries now believe that bitcoin is not a scam currency, base on what they are seeing in other countries that make bitcoin legalized in their country. Many countries accept bitcoin for any kind of payment in the country, that is really helping the bitcoin users not to find it difficult to make use of their coins in the country.
Many countries Universities are now accepting bitcoin and other cryptocurrencies for school payment, that is attracting other countries, that think bitcoin is not a good currency in their country. This is a good development to those institution allow bitcoin users to make use of their coins in higher institution by providing them bitcoin ATM machine in the campus to do any kind of transaction in the university.

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December 05, 2020, 05:48:30 AM
 #38

There's a typo in my previous messages. But you can integrate SEC when it come to an investment cause they have the right to melt into every affairs that have to do with investors protection, fairness in the market etc. Mind you, the SEC wont have be involved in cryptocurrency if there is no overlapping of scam activities by cryptocurrency scammers in the uear 2017 and the last time i checked the SEC work independently though they federal agency but they never for once operate over their roles.
They seems not to be against crypto and the statement made by US SEC CEO are message that could help the surge in price of the market.
With that been said, it not every government or policy that is against crypto.
The clarification now makes it more understandable, indeed not every government is directly against Crypto. Some are just regulating crime perpetrators by bringing rules of KYC, founding their native exchanges for traceble transactions.

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December 05, 2020, 05:58:27 AM
 #39

As a Bitcoin enthusiasts, I am certainly very happy to know that there are already several universities that have accepted Bitcoin payments.
Even though the number of universities that received tuition payments in Bitcoin was still small, I consider this a very good step for Bitcoin
adoption. I am also optimistic that in the next few years there will be more universities that accept Bitcoin payments. Especially after Paypal
accepts Bitcoin, more and more companies are accepting Bitcoin, and many people have finally realized the importance of Bitcoin for human life.

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December 05, 2020, 06:29:31 AM
 #40

So this list has 5 schools. Cant wait to see this list with more than 500 schools. Though, as a bitcoin enthusiast, i believe people rather use bank wire than bitcoin for universitiy tuition which is faster than bitcoin in this field

But this is also a good chance to spread bitcoin around intuition environment where people are more intelligent and modern than others. Bitcoin needs to become even more popular in order for mass adoption
schools are complicated when it comes to adding payment methods and theres two types of schools that are government and non government .

non government type of schools can easily recognized btc as an addition to thier payment method while there can be a step to do on government type school for btc to be included on thier school . dont wish that 500 school will soon join btc because that is small but there are huge number of schools per country . aim for more
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