Bentley University, located in Waltham, Massachusetts, has become the first university in the world to accept cryptocurrency payments for tuition fees. The school has partnered with the payment processor BitPay to facilitate the transactions.
Bentley University Tuition Fees
According to a press release from Bentley University, students can now pay their tuition fees using Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), or Litecoin (LTC). The university said it plans to continue adding other cryptocurrencies on an ongoing basis. The university estimates that students will be able to save up to 5 percent on their tuition by using crypto payments. It also says that since most of its students are Millennials or younger, they are more likely to be familiar with digital currencies like Bitcoin.
Bentley’s acceptance of payments in cryptocurrencies marks the latest development in a growing trend among universities and colleges worldwide. Bentley is one of the first universities in the United States to accept tuition payments in cryptocurrencies. However, some other schools around the world have already made this move. The move is part of an effort to appeal to a broader range of international students who may not have access to traditional banking services or credit cards.
This is an exciting time in the blockchain and cryptocurrency industry, especially when you consider the number of organizations, like Bentley University, that have begun accepting these new forms of payment. By being early adopters, universities and other educational organizations can ensure that they continue to provide their students with high-quality education and prepare them for the future.
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