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Higher education is expensive in many countries. Diploma students costing tens of thousands of dollars, which is prohibitive for many families. However, with the increasing popularity of digital currency, you may wonder whether it is possible to use its reserves bitcoins for tuition at the university?

Currently, Bitcoin yet sufficiently widespread in the world, so if you want to pay for his studies at the Medical Faculty of the University of Arizona, you will need the dollars in a bank account. However, there are several "prosvyaschёnnyh" educational institutions, which have decided to accept payment in Bitcoin - with one important caveat.


University of Nicosia

The first university to make this decisive step is the University of Nicosia - private educational institution located in Cyprus. The University announced the start of reception of payments in Bitcoin more in 2013, touting a new specialty "Master of Science in the field of digital currency." Since the description of Bitcoin and its possibilities, able to change the society in the future was part of the course curriculum, the decision to accept bitcoins for tuition was, undoubtedly, a good advertisement. This PR stunt worked really well: the news of the new course has bypassed all world media.


University of Wales

In 2014, representatives of Wales University, located in the UK, announced a payment in Bitcoin reception from students and cryptocurrency alternative currencies. One of these courses made it possible to obtain a certificate for sustainable exchange. the other course participants receive a certificate for sustainable leadership. This meant that the University of Wales became the first public institution of higher education, allowing students to pay their tuition Bitcoin.
The university planned to convert the received bitcoins in pounds immediately after the payment. Thus, the risks have been reduced, due to the strong volatelnostyu course Bitcoin.


King's College, New York

Shortly after the University of Wales has decided to accept bitcoin payments for two of his course, his example was followed by the Royal College of New York. This school is a private liberal arts college. It was founded in 1938 and boasts a long and colorful history. Thus, his decision was an important step in the process of becoming mainstream in Bitcoin currency.
College officials said that the decision to accept Bitcoin consistent with the key principles of the institution, which in turn influenced the Bill of Rights and the US Constitution. The college believes that Bitcoin empowers people, so its use as a means of payment can partially solve the debt problem, so acutely faced by students of higher educational institutions.
So if you want to go to university - no matter whether the Medical Faculty or related cryptocurrency specialty - be sure to check as to whether the institution to pay for his studies Bitcoin you selected.