Would you want to pay your university tuition costs with cryptocurrency? It remains to be seen whether or not this digital form of payment takes up among institutions throughout the world. The University of Pennsylvania’s Wharton School recently made waves when it announced that it will accept cryptocurrency as payment for its online blockchain and digital assets programme.
The Ivy League’s new executive education programme, according to Bloomberg, will take Bitcoin as a form of payment. The online course costs $3,800 USD and is expected to draw thousands of students each year.
In an interview, Guido Molinari, managing partner of Prysm Group, which is collaborating with Wharton to establish the curriculum, said, “It’s a programme about blockchain and digital assets, so we believed that we should talk the talk and walk the walk.” According to Bloomberg, Wharton will accept digital-asset payments through Coinbase Global Inc., the largest cryptocurrency exchange in the United States.
Will cryptocurrencies be accepted as a method of paying university tuition fees?
It remains to be seen if students would use cryptocurrencies to pay for their university tuition costs, but an increasing number of colleges are looking at the topic of bitcoin, both in terms of payment and as an academic offering.
According to reports from March, the Lucian Blaga University of Sibiu (ULBS) would become Romania’s first higher education school to accept cryptocurrencies as payment for university tuition costs.
Professor Adrian Pascu, ULBS’ vice-rector for administration and organisational development, told Euronews that the university was more interested in the benefits of blockchain than in cryptocurrencies themselves.
“We believe that universities are at the forefront of research in any field,” he was quoted as saying. “We believe that the latest technologies are developed and must be validated by scientists affiliated with such institutions.” “While we do not promote any particular virtual currency, we do support blockchain technology, which may be used for more than just cryptocurrencies, such as data encryption.”