Bitcoin is here to stay, says Cumbria’s University professor.
There is a great revolution in the discovery of new forms of payment and exchange of goods and services, now educational institutions have realized a reality that can not be hidden, this new form of payment can be exercised with the cryptocurrency bitcoin .
That is why in 2014, the University of Cumbria announced that it accepted the digital currency “Bitcoin” as a means of payment for its students, there are two alternatives with Fiat currency, made through bank transfers and online payments in bitcoin.
As additional information is mentioned that the teacher, Jim Bendell, sets an example the cost of a bitcoin at the time of canceling the debt was $ 960, at the beginning of 2017, the cryptocurrency had exceeded $ 1,000.00 for the first time in three years , it means there is a fluctuation that is good for both the student and the University.
According to Professor Jem Bendell, founder of the Institute For Leadership And Sustainability (IFLAS) at the University of Cumbria, says that the reason why bitcoin price has increased is because hedge funds are using cryptocurrency to expand Its assets and as a way to send Money abroad.
This teacher added in addition, the main lesson of this price is broader than the fact of the existence of bitcoin: this shows that private currencies are here to stay.
It should be mentioned that when bitcoin was accepted in its beginnings, it first entered the scene, and then it steadily increased in popularity for various uses, among which we can mention: Money transfer, remittances, banking, food, among other.
Now, it can be used as an alternative form of payment of fees in the University by students, this is another area where the currency is gaining attraction or acceptance inside the Institution.
One fact to note is that in 2014, the University of Nicosia became the first in the world to offer the Master of Science in Digital Currency.
Similarly, in Australia, Flinders University became the first educational establishment in the country to accept the cryptocurrency from its students, as a pilot project.
It is impressive how other educational institutions in recent years have also made the leap to new technologies allowing students to pay their courses with bitcoin.
As additional information, at the end of last year, the ESMT Berlin, a German University of private business accredited by the State became the first one to accept Bitcoin as a form of payment, with it, you can Pay the monthly fee and the tuition, this is a cryptocurrency or digital currency that allows money transfers quickly to any part of the world, in this sense, the educational institution designated the digital currency “the best blockchain application development”
Also last year, CEVRO, a Czech institute based in Prague, announced that it accepted bitcoin as payment for enrollments of three of its Master’s programs; In Philosophy, Politics and Economy, this new form of payment shows the impact and the progress that the cryptocurrency continues having as more universities accept this new form of payment.
That’s why bitcoin came to stay, as we can remember 8 years ago bitcoin made its debut in the world, since there have been many ups and downs, with this digital currency, but the reality is obvious, it is still here. As the benefits of currency become a reality, Professor Bendell seems to be right to say that private currencies are here to stay.
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