Bentley University in Massachusetts now accepting cryptocurrency for tuition payments

[view original post]

A university in Massachusetts is now accepting cryptocurrency as a form of tuition payment, becoming one of the first universities in the U.S. to offer students the new digital option.Bentley University in Waltham is partnering with the crypto exchange Coinbase to accept three cryptocurrencies — Bitcoin, Ethereum and the stablecoin USD Coin — in an effort to give students and their families new ways to pay tuition.In addition, the school said it also plans to accept gifts and donations in Bitcoin, Ethereum and USD Coin.“Bentley University is at the forefront in preparing business leaders with the skills and knowledge to succeed in the changing world economy,” Bentley President E. LaBrent Chrite said in a statement. “We’re proud to embrace this technology that our students are learning about, which will soon transform the global business landscape they’re about to enter.”According to the Pew Research Center, more than 41 million Americans — 16% of U.S. adults — have either invested in, traded or used cryptocurrency. The global cryptocurrency market is projected to more than double from $910.3 million in 2021 to $1.9 billion in 2028, according to Fortune Business Insights.The university said student interest helped fuel the creation of a new crypto finance course that will launch at Bentley this fall. The course will focus on blockchain applications and decentralized finance.Bentley student Alex Kim was an early cryptocurrency adopter, as he started investing in Bitcoin during high school. Last fall, Kim launched the Bentley Blockchain Association, one of the few student-led blockchain groups in the nation. The group has grown to 256 members just a few months after its creation.“Students have a real interest in knowing more about blockchain, decentralized finance and cryptocurrency investments,” Kim said in a statement. “These technologies are influencing the industries where they will be working.”Kim is set to earn his undergraduate degree this spring and is on track to earn a master’s degree in finance in 2023. He will be a speaker at NFT.NYC, the world’s leading event focused on non-fungible tokens or NFTs.Last year, Bentley was one of the first universities in the world to issue non-fungible tokens when it created NFTs to celebrate former women’s basketball coach Barbara Stevens’ induction into the Naismith Memorial Basketball Hall of Fame as part of the Class of 2020.

A university in Massachusetts is now accepting cryptocurrency as a form of tuition payment, becoming one of the first universities in the U.S. to offer students the new digital option.

Bentley University in Waltham is partnering with the crypto exchange Coinbase to accept three cryptocurrencies — Bitcoin, Ethereum and the stablecoin USD Coin — in an effort to give students and their families new ways to pay tuition.

Advertisement

In addition, the school said it also plans to accept gifts and donations in Bitcoin, Ethereum and USD Coin.

“Bentley University is at the forefront in preparing business leaders with the skills and knowledge to succeed in the changing world economy,” Bentley President E. LaBrent Chrite said in a statement. “We’re proud to embrace this technology that our students are learning about, which will soon transform the global business landscape they’re about to enter.”

According to the Pew Research Center, more than 41 million Americans — 16% of U.S. adults — have either invested in, traded or used cryptocurrency. The global cryptocurrency market is projected to more than double from $910.3 million in 2021 to $1.9 billion in 2028, according to Fortune Business Insights.

The university said student interest helped fuel the creation of a new crypto finance course that will launch at Bentley this fall. The course will focus on blockchain applications and decentralized finance.

Bentley student Alex Kim was an early cryptocurrency adopter, as he started investing in Bitcoin during high school. Last fall, Kim launched the Bentley Blockchain Association, one of the few student-led blockchain groups in the nation. The group has grown to 256 members just a few months after its creation.

“Students have a real interest in knowing more about blockchain, decentralized finance and cryptocurrency investments,” Kim said in a statement. “These technologies are influencing the industries where they will be working.”

Kim is set to earn his undergraduate degree this spring and is on track to earn a master’s degree in finance in 2023. He will be a speaker at NFT.NYC, the world’s leading event focused on non-fungible tokens or NFTs.

Last year, Bentley was one of the first universities in the world to issue non-fungible tokens when it created NFTs to celebrate former women’s basketball coach Barbara Stevens’ induction into the Naismith Memorial Basketball Hall of Fame as part of the Class of 2020.