Massachusetts based Bentley University announced that it will be accepting cryptocurrencies as tuition payments. Bentley University has become one of the first universities in the US to provide students the option of using digital currencies.
Bentley University has partnered up with one of the most well known crypto exchanges, CoinBase in order to facilitate the process of accepting three cryptocurrencies- Bitcoin (BTC), Ethereum (ETH) and the Ethereum based stablecoin USD coin.
The university is taking this measure to ensure that students and their families have new ways to pay tuition. Moreover, the school said it also plans to accept gifts and donations in Bitcoin, Ethereum and USD Coin.
“Bentley University is at the forefront in preparing business leaders with the skills and knowledge to succeed in the changing world economy. We’re proud to embrace this technology that our students are learning about, which will soon transform the global business landscape they’re about to enter” said Bentley President E. LaBrent Chrite.
The institution said that more than 41 million Americans – 16 percent of U.S. adults – have invested in, traded or used cryptocurrency, according to the Pew Research Center.
The university said that student interest helped fuel the creation of a new crypto finance course that will launch at Bentley this year. The course will aim to focus on blockchain applications and decentralized finance.
Bentley student Alex Kim started investing in Bitcoin during high school because he was curious about cryptocurrencies and that has inspired the university to adopt crypto. Kim launched the Bentley Blockchain Association last fall, one of the few student-led blockchain groups in the US. The group has grown to 257 members in just a few months after its establishment.
Visit The Crypto TImes for more crypto related news and updates.
