Cyprus University world first to accept bitcoins

The University of Nicosia (UNic), one of the major English language universities in the Mediterranean, will become the world’s first to accept bitcoins for tuition. The university will also begin a new Master of Science course in Digital Currency.

According to the university those who wish to pay tuition fees in bitcoins, will be able to use an online merchant processing service or by paying directly to the university’s finance office.

“The intention of this initiative is to ease transmission difficulties for certain students and to build our own practical knowledge about this field, not to engage in currency speculation,” the University spokesperson told GeekWire.

http://rt.com/business/bitcoin-nicosia-university-tuition-060/

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