The Wharton Business School of the University of Pennsylvania has announced that starting today, it will accept cryptocurrency as tuition to admit students.
According to a Bloomberg report, the option to pay tuition fees in cryptocurrency is restricted to only students who register for an executive education course known as “Economics of Blockchain And Digital Assets.”
The course, which is scheduled to run for six weeks, is an online program designed for professionals in the finance space.
Even more interesting about the latest move is that students enrolling for the professional finance course are allowed the option to choose from three cryptocurrencies namely; Bitcoin, Ethereum, or USDC stablecoin via credit cards or PayPal.
It is worthy to note that popular crypto proponent Elon Musk is an alumnus of the Wharton business school. More so, “Economics of Blockchain And Digital Assets” is a newly launched blockchain program to be paid for with cryptocurrency.
Students who register for the blockchain course can pay using any on-chain wallet, while the business school will depend on Coinbase Commerce to process payments.
The latest crypto payment option is not the first time the University of Pennsylvania will interact with cryptocurrency. In May, it received its largest-ever Bitcoin gift worth $5 million from an anonymous donor, to support innovations in finance at the Wharton School.
An unnamed high school was reported to accept cryptocurrency from a handful of parents who paid their entire tuition in bitcoin.
Apart from the education sector, there have been bitcoin use cases in several industries including healthcare and shopping malls.
Bitcoin has become much talked about, not only as an asset class but also as a means of settling payment. This no doubt follows the fact that it has performed well beyond critics’ expectations.
Despite the long-standing argument against the king coin, it has received massive support for mainstream adoption.