Bitcoin is still the most widely accepted and known digital currency, and its transition into the wider public’s everyday lives has been a growing phenomenon for a while. Bitcoin has become a useful tool for paying for many things now, but one interesting development has been the move by a significant number of Universities to begin accepting Bitcoin as payment from students for various aspects of student life.
Universities all over the world, from Mexico and the United States to the United Kingdom are now not only offering courses in cryptocurrency specialization, but are allowing students to pay with Bitcoin for many things – including, in many cases, their courses.
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One of the important changes in Bitcoin over the last few years has been its increasing acceptance as a way of paying for everyday needs. This has involved a steady transition from the digital world to the physical, as various national and even global brands now accept the currency as payment for a wide variety of goods ranging from computer equipment to coffee. The currency is now making in-roads into the education market, in more ways than one.
When you think of Bitcoin breaking into the education market, you probably immediately think of Universities accepting Bitcoin as payment, and that is true. November 2013 was the breakthrough, as the University of Nicosia in Cyprus became the first University in the world to accept Bitcoin as tuition payment. It has grown since then, with universities across the world accepting Bitcoin. That is not the only way it has moved in though.
Now, many Universities are offering cryptocurrency courses. In fact, it is often the introduction of such courses that also heralds the acceptance of Bitcoin on campus as a payment system. Whether you wish to study in the aforementioned Greek University or somewhere in the United Kingdom, Bitcoin is now an option – as both a course of study and a method of payment.
Indeed, the University of Cumbria in the UK has introduced two distinct cryptocurrency courses and Bitcoin payment for them in 2014 - the first university in the country to do so. In the US it is possible to study digital currency subjects at several universities, including Duke and New York University. At the world-renowned Massachusetts Institute of Technology (MIT), you can not only study cryptocurrency but can also use Bitcoin for on campus payments for things such as textbooks and other school supplies.
These courses should help to provide the world with the next generation of cryptocurrency CEO’s and enthusiasts, and with them a maturation of the platform in all contexts that will only benefit us all.