Bitcoin to be accepted by university for fee payment
Students will be able to use the online currency, which is accepted by thousands of retailers worldwide, for two of the university’s courses, both of which examine the role of so-called “complementary currencies”.
In November last year, the private University of Nicosia in Cyprus became the first institution to announce it would accept Bitcoin as payment for tuition, but Cumbria believes it is the first publicly-funded institution to do so.
Acceptance of the internet currency will initially be limited to the two programmes: the certificate of achievement in sustainable exchange, which will be taught from the university’s London campus in July, and the postgraduate certificate in sustainable leadership, which will be taught from its Cumbria campus in June.
“We believe in learning by doing, and so to help inform our courses on complementary currencies, we are trialling the acceptance of them,” said Jem Bendell, founder and director of the university’s new Institute for Leadership and Sustainability, which is running the two courses.
Read full article: Times Higher Education