Numerous entities – mostly businesses – are adopting cryptocurrency into their framework. It looks like the education sector could be doing the same as the Wharton School that has been reported to be accepting cryptocurrencies like bitcoin (BTC) as tuition fee payments.
Wharton Business School adopting cryptocurrency
One of the best business schools in the U.S. and an Ivy League member, Wharton Business School, will be accepting tuition fee payments in crypto, though it is learned that there’s a catch to it. Reports noted that the cryptocurrency adoption will only be made available to its upcoming program related to digital assets and the blockchain that will kick off in January next year.
Wharton School’s program – dubbed “Economics of Blockchain and Digital Assets,” is said to run for six weeks and will cost $3,800. The university is expecting that the program would pique the interest of students annually. Further, Wharton is reported to be tapping the services of Coinbase Commerce to accept cryptocurrency payments.
In line with this, Prysm Group’s Managing Partner Guido Molinari is working alongside Wharton to develop the program. Additionally, he said that this program is about digital assets and the blockchain adding that they felt they “talk the talk and walk the walk.” Molinari highlighted the crypto trading platform’s massive user base which according to him is a solid factor that pushed Wharton’s decision to pick Coinbase as their partner.
Other universities too
Wharton is not the only premier university in the United States that has hopped into the cryptocurrency hype train. Back in June other equally notable universities – the University of Michigan, Yale, Harvard, and Brown University bought cryptocurrencies for their multi-billion-dollar fundings.
Reports are implying that some universities have delved into the cryptocurrency market as early as 2019. Additionally, it is believed that these schools will likely go public this year, not to mention the speculation of these educational institutions to be sitting on some hefty chunks of return.