photo by cointelegraph
The first university to adopt the use of Bitcoin is the University of Nicosia in Cyprus. It started accepting Bitcoin as a mode of payment as part of their marketing strategy in promoting a new degree program, Master of Science in Digital Currency. One of the program's subjects tackle the use of Bitcoin and it is just apt to allow its student to use it in paying for their tuition. The publicity stunt worked and attracted international media. Since then, more and more universities are following suit.
Another forward-thinking university that accepts Bitcoin as a payment is the King's College in New York City, a private college known for its degrees in liberal arts. Founded in 1938, the university explained that their decision to accept Bitcoin as a payment was influenced by the U.S. Bill of Rights and the Constitution which support the empowerment of individuals. By doing so, students will have more avenues to use thus, easing the debt problems which a lot of students have been facing.
The University of Cumbria in the UK said they were willing to accept Bitcoin payments from students enrolling on two courses linked to the study of complementary currencies and cryptocurrencies. One course led to a certificate in sustainable exchange. The other gave students a post-grad certificate in sustainable leadership. This meant the university was the first public university to let students use Bitcoin to pay for their tuition fees.
With more and more universities opening their doors in accepting cryptocurrencies, it won't be long before others will follow suit. For those who are planning to take a master's degree program, it will also help if you check if there are other universities accepting Bitcoin and other similar cryptocurrencies.