Bentley University, a business-focused private university in Waltham, Massachusetts, now accepts cryptocurrency for tuition payments.
“We are committed to leading the way in the early adoption of technologies that are revolutionizing the commercial world,” the institution stated.”We are committed to leading the way in the early adoption of technologies that are revolutionizing the commercial world,” the institution stated.
To do so, the university has partnered with Coinbase, the largest cryptocurrency exchange in the United States, to take three types of cryptocurrencies as payment: bitcoin, ether, and USD Coin.
Bentley also intends to accept BTC, ETH, and USDC as gifts and donations.
More than 41 million Americans have invested in, traded, or utilized cryptos, according to the Pew Research Center, a nonpartisan American think tank based in Washington, DC. This translates to 16% of the adult population in the United States.
Alex Kim, a Bentley student, founded the Bentley Blockchain Association in 2021, making it one of the few student-led blockchain organizations in the United States. There are now 257 people in the group.
Kim said: “Students have a real interest in knowing more about blockchain, decentralised finance (DeFi) and cryptocurrency investments. These technologies are influencing the industries where they will be working.”
In response to student demand, Bentley launched a new crypto finance course this year that focuses on “blockchain applications and DeFi.”
Following the induction of former Bentley women’s basketball coach Barbara Stevens into the Naismith Memorial Basketball Hall of Fame in May 2021, the institution issued its first non-fungible tokens (NFTs) in June 2021 to commemorate the occasion.
“Bentley University is at the vanguard in developing business leaders with the skills and knowledge to prosper in the changing international economy,” said Brent Chrite, president of Bentley University.
“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.”