The Wharton business school at the University of Pennsylvania is launching an executive training program in blockchain and, fittingly enough, will let students pay for it in crypto—making it simply the second American college to accept Bitcoin.
The First US Universities to accept crypto payment. The cost possibility depends on Coinbase Commerce. The choice is restricted for now to a single course.
Beginning today, college students will be able to select crypto from a tuition fee menu that additionally consists of PayPal and credit cards. Those that do will have the ability to pay using Bitcoin, Ethereum or the USDC stablecoin.
Wharton will rely on Coinbase Commerce to process the payments. Coinbase charges merchants a 1% charge to use the service, but the faculty isn’t passing on the charge to students. In response to a Coinbase spokesperson, funds will be made with any on-chain wallet.
For now, the crypto fee option is limited to those who enroll in the six-week executive training course, titled “Economics of Blockchain and Digital Assets,” which is obtainable online and aimed at professionals from the world of finance.
“It prices lower than one Ethereum [token] at present prices,” notes Reed Cataldo, one of many course directors.
The broader Wharton business school has but to introduce crypto tuition payments. However, in keeping with Cataldo, the blockchain fee option is prone to be adopted elsewhere at Wharton as well as at different faculties in the future.
In the meantime, the College of Pennsylvania is not any stranger to Bitcoin—the Ivy League faculty introduced earlier this year that it had accepted its bigger ever crypto gift from an anonymous donor who gave $5 million in Bitcoin to assist innovation in finance.
Penn, which requires crypto donations to be at the very least $10,000, has been accepting crypto gifts for years, as produce other American universities.
However, till now, just one other U.S. college has let students pay tuition in crypto: King’s Faculty in New York started the follow in 2014. A handful of abroad schools have additionally accepted BTC. They include Lucerne University of Applied Sciences in Switzerland, the American University of Paraguay, and the FPT University of Vietnam.