Cyprus university accepts bitcoins for tuition
Cyprus' biggest private university says it will start accepting the digital currency bitcoin as an alternative way to pay tuition fees.
University of Nicosia's Chief Financial Officer Christos Vlachos says the move will help foreign students in countries where traditional banking transactions are either difficult or costly to pay fees for programs such as online degrees.
The university claims it is the first in the world to take bitcoin payments.
Vlachos told The Asssociated Press on Thursday that the university is also offering a new Masters' degree in digital currency, a field he says is the monetary equivalent of the Internet in its infancy.
He said the Cypriot government should set up a regulatory framework to attract digital currency trading companies and boost the bailed-out country's foundering economy.
Comments
To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.
By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.
Become a CBC Account Holder
Join the conversation Create account
Already have an account?