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Jafrin Ahmed
May 4, 2022
by Jafrin Ahmed

US-based Bentley University to Accept Crypto as Tuition Fees

Bentley university cryptocurrency
US-based Bentley University is now accepting cryptocurrency as a form of tuition payment, becoming one of the first universities in the country to offer the digital payment option.

Bitcoin, Ethereum, USDC as Tuition Fees

According to an official announcement, Bentley University in Massachusetts is partnering with crypto exchange Coinbase to accept three cryptocurrencies- Bitcoin, Ethereum and USD Coin as an alternate payment solution. In addition, the university said it also plans to accept gifts and donations in Bitcoin, Ethereum and USD Coin. 

“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,” Bentley President E. LaBrent Chrite said in a statement.

Last year, the university also issued NFTs to celebrate the hall of fame induction of their former women’s basketball coach, becoming one of the first universities in the world to issue NFTs.

16% of US Adults Have Invested in Cryptocurrency

Bentley student Alex Kim started investing in Bitcoin during high school. Last fall, Kim launched the Bentley Blockchain Association, one of the few student-led blockchain groups in the US, citing student interest as the reason behind a new crypto finance course that will be launched at the university this fall.

Citing Pew Research Center data, the university said more than 41 million Americans, 16% of US adults have invested in, traded or used cryptocurrency. The global cryptocurrency market is projected to more than double, from $910.3 million in 2021 to $1.9 billion in 2028, according to Fortune Business Insights, the university highlighted.

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US-based Bentley University to Accept Crypto as Tuition Fees
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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