University of Nicosia Receives Tuition Payment Using Bitcoin

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It wasn't terribly long ago that a news report came out noting that a Cyprus Univerity was taking the bold step to accept bitcoin tuition payments. Now, it woul “On November 27, Francois Rossouw, a new UNic student in South Africa, made a payment of 1 BTC, the equivalent of €670 ($910), toward tuition for an online Master of Business Administration degree”, the university said in a press release. Full article. The power of the Bitcoin network According to Francois Rossouw, “being able to pay for a world-class tertiary education with Bitcoin was a dream of many, but few believed that it would become a reality so soon”. “I am not surprised that it was the University of Nicosia, with their history of trendsetting and innovation who took the first step. New student from South Africa uses Bitcoin to pay tuition toward online MBA degree. Nicosia, Cyprus (December 5, 2013) – A few days after the University of Nicosia (“UNic”) announced that it is the first accredited university in the world to accept Bitcoin for payment of tuition and fees, a recently enrolled international student has made the first tuition payment to UNic using the ... On November 27, Francois Rossouw, a new UNic student in South Africa, made a payment of 1 BTC, the equivalent of €670 ($910), toward tuition for an online Master of Business Administration degree. “I am honored to be a part of this historical occasion. Being able to pay for a world-class tertiary education with Bitcoin was a dream of many ...

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