Remember meForgot password?
    Log in with Twitter

article imageBitcoin can be used to pay tuition at The University of Nicosia

By Owen Weldon     Nov 25, 2013 in World
The University of Nicosia, located in Cyprus, announced that it would allow students to pay tuition fees with Bitcoin, the first accredited university to do so.
According to The Verge, The move is not as shocking as one would think, as Bitcoin has been linked with Cyprus this year. Leaders in Cyprus accepted a bailout deal from the EU, which involved taxing about 10% on deposits over $134,000. This lead to a rush on the banks, and some of the money that was withdrawn was invested in Bitcoin. Ever since then Bitcoin's value has soared and has continued to be strong.
According to Forbes, Bitcoin will also be accepted throughout the university's entire system, which includes its affiliated institutions such as, the St. George's University of London/UNic Medical School, Globaltraining, as well as the Erasmus and Global Semesters exchange and study abroad programs.
According to SlashGear, the move follows the announcement that a new area of study will arrive at the university next year, a Master of Science Degree in digital currencies.
Recently the value of Bitcoin has skyrocketed, and this may cause students to not want to part with a currency that could end up being worth double its present value before the school year ends.
More about bitcoin, College, Tuition, Payment, Money
More news from
Latest News
Top News