Universities are embracing accepting bitcoin for tuition, with Lucerne University of Applied Sciences and Arts in Switzerland the latest school to adopt. If anything, it's another clear sign the cryptocurrency is here to stay.
https://futurism.com/schools-accepting-bitcoin-tuition/Even so... Bitcoin has been used to buy homes, and countries like Venezuela and Vietnam are beginning to truly embrace the currency. Now, certain universities are adopting the payment method of bitcoin for tuition, albeit with a few caveats.
If that could happen, then that's another big step that could help prove the legitimacy of the cryptocurrency market and its coins. The more entities likes big companies, banks and even schools that accept it, the better people's recognition to it would be. It would build a more sustainable and legitimate image in the business sector, that in turn, would convince people that, despite its risks, it's still a good market to accept in be in. Accepting cryptocurrency as payment is somewhat a testament that they are accepting it legitimacy and potential.
Yes, very true. This makes the crypto look like it is more worthy of being a payment system and that people can trust it enough. Especially that it is being accepted at such a major institution like a university. That's a symbol of power right there!
Once a few of these institutions give in, the rest will realize that they are missing out on a massive amount of revenue so will have to follow suit. They'll start experimenting with it and then more and more will accept bitcoin for their services. Who knows, one day you might even be able to make payments on outstanding tax balances with bitcoin. Now wouldn't that be ironic!