Bentley University in Waltham, Massachusetts has announced that students can now pay for tuition using cryptocurrency.
The university has partnered with American cryptocurrency exchange platform Coinbase to become one of the first higher education institutions to implement such technologies, giving families a new payment option.
“Bentley University is at the forefront in preparing business leaders with the skills and knowledge to succeed in the changing world economy. 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,” President E. LaBrent Chrite said in a press release.
Bentley will be accepting three cryptocurrencies: Bitcoin, Ethereum, and USD Coin.
A New World
Data from the Pew Research Center found that 16 percent of Americans — 41 million people — have traded, used, and invested in cryptocurrency.
Growing student interest has been cited as reason for the move, including a new crypto finance course that will be offered this fall.
“Students have a real interest in knowing more about blockchain, decentralized finance and cryptocurrency investments. These technologies are influencing the industries where they will be working,” said Alex Kim, a Bentley student who launched the Bentley Blockchain Association.