Wharton UPenn Will Accept Tuition Payment in Cryptocurrencies -Breaking
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Wharton UPenn Accepts Tuition Payments in Cryptocurrencies- The tuition payment option currently only applies to one course at the American university.
- All payments must be done through Coinbase (NASDAQ) Commerce platform.
- Wharton, the US’s second-largest university that accepts cryptocurrency payments is Wharton.
The famous Wharton business school of the University of Pennsylvania in the United States has just launched the course “Economics of Blockchain and Digital Assets,” and will accept tuition payments for the course in cryptocurrencies.
For students who sign up for the Blockchain Executive Education Program starting next week, they have two options: a USDC stablecoin or a.
Wharton now becomes the second US university that accepts digital currency payments. Students can pay via PayPal (NASDAQ:), or credit cards.
Wharton Commerce has reached an agreement with Coinbase Commerce to allow cryptocurrency payment. Coinbase will not charge traders the 1% fee for students using its platform.
As the fees are not transferred to students, it’s not certain if they will cover the tuition. According to Coinbase, tuition payments are possible from any digital wallet.
The cryptocurrency payment option can only be used by students enrolled in the course Blockchain and digital assets Education. This online course is for finance professionals who are studying in the financial industry. It will take six weeks to complete.
It is cheaper than buying one Ethereum [token]At current prices
Reed Cataldo was one of those who represented the university, which manages the course.
It is the first university course that allows cryptocurrency payment. The university spokesperson said that it was likely that Wharton would adopt blockchain payment later.
We designed the program to help business executives and professionals with diverse backgrounds such as traditional finance and management.
said Kevin Werbach, the program’s professor and academic director.
Wharton in Philadelphia plans to work with Prysm Group, the blockchain consultancy Prysm Group, to launch this certification program.
To The Flipside
- University of Pennsylvania has been familiarized with Bitcoin funding. The Ivy League school received a donation in cryptocurrency from an anonymous donor. He transferred $5 million in BTC. This money was used for financing a project in finance innovation.
UPenn, like other American colleges has been accepting crypto donations for many years. However, it says that cryptocurrency donations cannot be less than 10,000.
The first university to accept payment for tuition in cryptocurrencies in the US was King’s College in New York in 2014. Several other schools accept Bitcoin payments around the world including King’s College in New York, FPT University of Vietnam, University of Applied Sciences of Lucerne (Switzerland), and American University of Paraguay.
Why you should care
- It was one of the first institutions in the US to allow cryptocurrency payment.
- With the growth of crypto, it is increasingly common to accept cryptocurrencies.
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