Bitcoin acceptance is breaking all sorts of stereotype use, from buying coffee, houses, expensive arts and now university tuition fees. Switzerland’s Lucerne University of Applied Sciences and Arts is a premiere swiss college which disseminates knowledge about economics, music, art, animation and innovative technologies. The institute plans to focus its research on cryptocurrency and blockchain technology. It has started accepting bitcoin to enroll into the university education programmes which will help students understand the practical aspects of using cryptocurrencies. The institute
Switzerland’s Lucerne University has entered into an agreement with Bitcoin Suisse AG to facilitate all the bitcoin payments. It was also decided that Bitcoin Suisse AG will bear the risk of currency fluctuations and exchange rate losses.
Switzerland’s Lucerne University of Applied Sciences and Arts is the latest publicly funded higher education institute accepting bitcoins. Some of the other well-known institutes which started accepting bitcoin in the recent times include University Business School ESMT, Berlin, King’s College, New York, The University of Nicosia, Cyprus and The University of Cumbria, UK.
The increasing bitcoin acceptance among institutes would encourage students to opt for more secured payments through bitcoin. Accepting Bitcoin is like accepting the digital change that is waiting to unravel soon and needs to be passed on for better future generations.