- Paying for online-courses in cryptocurrency
- Tuition payment in cryptocurrency is picking up momentum
The Wharton School of the University of Pennsylvania, an Ivy League university, has decided to accept cryptocurrencies as payment for the new “Economics of Blockchain and Digital Assets” program. It makes perfect sense given that the course is dedicated to exploring digital assets. Students should have at least basic practical experience with cryptocurrencies.
Bitcoin will not be the only payment option either. According to the program’s brochure, students will also be able to pay in Ethereum or USDC. The six-week education program was developed together with Prysm Group, an economic consulting firm which specializes in blockchain.
The new crypto-focused online program at the Philadelphia-based school will begin in January and cost $3,800. The course is expected to be quite popular and attract thousands of students.
Guido Molinari, managing partner of Prysm Group, told Bloomberg that the new course will be dedicated to blockchain and digital technology in the financial world. The Wharton School will accept crypto payments through Coinbase Global Inc.
One of the famous Wharton School alumni is Elon Musk, CEO of Tesla, who graduated in 1997.
The Wharton School is not the first university to accept cryptocurrencies. This May, the University of Pennsylvania received a large anonymous donation of $5 million in the form of Bitcoin.
The Massachusetts Institute of Technology hit the headlines in 2014 when it decided to give out Bitcoin to its students. Other colleges are also trying to keep up and have already started to accept tuition payments in cryptocurrency.
According to the program’s brochure, PwC economists expect blockchain to boost global GDP by $1.8 trillion by 2030, demonstrating the great potential of this technology.
This is backed by statistics as well. According to Deloitte, an American consulting firm, 83% of commercial entities are discussing or working on implementing digital assets into their solutions or strategies.