US premier business school Wharton accepts crypto payments for tuition fees
Crypto adoption seems to be gradually making its way to the mainstream as a major success has been recorded with the Ivy League University of Pennsylvania’s decision.
One of the most premier business schools in the US, The Wharton School of University of Pennsylvania, has announced it would accept Bitcoin and other forms of cryptocurrencies for tuition fees.
A current Bloomberg report has shared the news, adding that the school’s crypto adoption is limited to its upcoming, first time online blockchain and digital assets program scheduled to start in January 2022.
A six-week program titled Economics of Blockchain and Digital Assets, would be introduced next year, costing $3,800, as per sources. The university has stated it expects to attract thousands of students each year in this new course on blockchain.
As part of the university’s program, the Wharton School said it would use Coinbase Commerce, the United States-based crypto exchange, for accepting crypto payments from students.
Further, Wharton School is currently offering the introductory class to blockchain and crypto via the online education platform Coursera, within its curriculum of a more extensive course on fintech.
Wharton had hit the headlines earlier in 2021 when it received $5 million worth of Bitcoin as a gift. Apparently, an anonymous benefactor had gifted $5 million (approximately translated to 118 BTC) to the business school in May 2021. The Wharton School had exchanged the donation to fiat immediately. The amount, at present rates of Bitcoins, is worth more than $7 million.
More recently, the World Economic Forum has also partnered with the Blockchain and Digital Assets Project at the Wharton School. The project is aimed at addressing the business and regulatory aspects of a distributed ledger technology, led by the university’s Professor Kevin Werbach.