- Massachusetts-based Bentley University now accepts cryptocurrency tuition payments, the institution reported earlier this week.
- “The university is partnering with cryptocurrency exchange Coinbase to accept three cryptocurrencies (Bitcoin, Ethereum, and the USD Coin stablecoin), giving students and their families new ways to pay for their tuition. Bentley also plans to accept gifts and donations in Bitcoin, Ethereum, and USD Coin.”
- “Bentley University is at the forefront of preparing business leaders with the skills and knowledge to succeed in the changing world economy… We are proud to embrace this technology that our students are learning, which will soon transform the global business landscape into which they are about to enter.”
Massachusetts-based Bentley University now accepts cryptocurrency tuition payments, the institution reported earlier this week.
Becoming one of the first universities to offer this option for tuition payments, Bentley said it was introducing this new digital alternative to students to affirm its “longstanding commitment to leading the way in early adoption of game-changing technologies in the business world.”
Now, for the implementation of this new measure, the university highlighted that it was working with the cryptocurrency exchange Coinbase, who will be its service provider for payments and custody. In the publication made by the university, it is read,
“The university is partnering with cryptocurrency exchange Coinbase to accept three cryptocurrencies (Bitcoin, Ethereum, and the USD Coin stablecoin), giving students and their families new ways to pay for their tuition. Bentley also plans to accept gifts and donations in Bitcoin, Ethereum, and USD Coin.”
According to the university publication, because cryptocurrencies play a very important role in the world economy, they have decided to opt for this option for their students, according to data provided by the Pew Research Center, more than 41 million Americans, 16% of US adults, have invested, exchanged or used cryptocurrencies; and according to Fortune Business Insights, the global cryptocurrency market is projected to more than double, from $910.3 million in 2021 to $1.9 billion in 2028.
Finally, this is not the University’s first move into the crypto world, they have already had a successful run in this area, Alex Kim ’22, MSF ’23, a Bentley student, was an early adopter of cryptocurrencies. He began investing in Bitcoin during high school and last fall launched the Bentley Blockchain Association, one of the few student-run blockchain groups in the nation, and the university celebrated the induction of former women’s basketball coach Barbara Stevens into the Hall. of Fame of Basketball Naismith Memorial, creating NFTs to commemorate this fact. University President E. LaBrent Chrite said:
“Bentley University is at the forefront of preparing business leaders with the skills and knowledge to succeed in the changing world economy… We are proud to embrace this technology that our students are learning, which will soon transform the global business landscape into which they are about to enter.”
