Wharton School of Business supports Bitcoin and Ethereum to pay tuition fees
According to Decrypt report on October 28, 2021, the world-renowned business school and the Wharton School of the University of Pennsylvania will support the payment of tuition in the form of cryptocurrency.
It is reported that the course to support cryptocurrency payment is limited to the six-week blockchain executive education course “Blockchain and Digital Asset Economics” online course, only for professionals in the financial industry. Select this course students can choose to encrypt the encryption currency as the currency of payment options, including support for Bitcoin , Ethernet Square or USDC .
At the current price, the cost of this course is lower than one Ethereum.
The payment service is processed through Coinbase Commerce, a subsidiary of Coinbase. Coinbase charges a 1% service fee from the business. According to Coinbase, payments can be made with any chain wallet.
The Wharton School of Business currently only supports payment of the tuition for this course in Bitcoin and Ethereum. However, the person in charge of the Wharton School of Business said that in the future, the Wharton School and other schools are likely to adopt blockchain payment methods.
It is worth noting that the Wharton School of Business is the second university in the United States to support cryptocurrency payment for tuition. Previously, only one American university allowed students to use crypto to pay tuition fees. King’s College in New York began accepting students to pay tuition fees in cryptocurrency in 2014.
The University of Pennsylvania is no stranger to Bitcoin. The Ivy League school announced earlier this year that it has accepted a cryptocurrency gift from an anonymous donor who donated $5 million in Bitcoin to support finance Innovation.
The University of Pennsylvania has been accepting crypto donations for many years, requiring crypto donations to be at least $10,000, as do other American universities.
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