Wharton Business School starts accepting tuition fees in BTC

Wharton Business School is starting to accept tuition fees in Bitcoin and all students who sign up for online courses can pay with both BTC and ETH as we can see more in today’s bitcoin news.

The first payment option is for a US university and Coinbase’s merchant-based payment option is limited to one course. The University of Pennsylvania’s Wharton School of Business launches a blockchain education program that enables students to pay with cryptocurrency, making it the second U.S. university to accept bitcoin. . Starting today, students can choose cryptocurrencies from a tuition fee payment menu that includes credit cards and PayPal, and those who choose that option can pay with Bitcoin Ethereum or the USDC stablecoin.

Wharton will rely on coinbase Commerce to process payments, and the platform will charge merchants 1% for using the service, but the school will not pass the fee on to students.

According to a Coinbase spokesperson, payments can be made with any on-chain wallet. Currently, payment options are limited to those who sign up for a six-week advanced training course called Economics of Blockchain and Digital Assets, which is offered online and aimed at experts from the financial world. Reed Cataldo, one of the course instructors, noted:

“It costs less than an Ethereum [token] with current price. “

The broader Wharton School of Business has yet to roll out crypto tuition fees, but according to Cataldo, the blockchain payment option is likely to roll out elsewhere in Wharton as well as other schools in the future. Meanwhile, the University of Pennsylvania is no stranger to BTC, as the school announced earlier this year that it had accepted a crypto gift from an anonymous donor who donated $ 5 million in BTC to help support more innovation in the financial sector. Penn requires crypto donations of at least $ 10,000 and has been accepting crypto gifts for years, as did other American universities.

So far, the only other university that allows students to pay their tuition fees in cryptocurrencies is King’s College in New York, which opened in 2014. Many more foreign schools have started operations at the FPT University of Vietnam.

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