20 September 2021
Bitcoin, the most popular digital currency amongst e-traders and internet marketers, is now readily accepted by reputable Universities. This means that you can directly fund your online master of social work degree with Bitcoin, giving you a creative method of college funding.
1. European School Of Management and Technology (ESMT) Berlin, Germany:-
In Berlin, The European School Of Management and Technology (ESMT) became the first primary German University to accept Bitcoin for it's degree certification and executive education programmes in 2016. The reason is based on the digital currency’s immediacy and ease of transfer, as Bitcoin transactions are cleared within 10 minutes, compared to potentially weeks or months for credit cards payments. ESMT is among one of the best business schools in Germany, offering many Tech-based courses, including a Masters Degree in Digital Technology and Innovation.
2. The King’s College (TKC) New York, USA:-
TKC is a private Christian Liberal Arts College in New York, with over 500 students from several countries across the world. King’s College is one of the first universities in the United States to accept Bitcoin payments for Tuition and other expenses, potentially saving up to 3% in transaction fees compared to credit cards. In June 2016, the school signed a partnership with Coin.co, a company that facilitates Bitcoin transactions, and began to allow the use of digital currency to pay tuition, submit donations and deal with other expenses.
3. The University Of Cumbria, UK:-
The University Of Cumbria is the first University in the UK to accept Bitcoin as a payment option. In January 2014 in an interview with the press, the school made this announcement, the university claimed that it is the world’s first public university to accept Bitcoin for tuition fees. This university is one of the top universities in the North West for employment or further education. The University Of Cumbria also has campuses in London and Lake the North West (District campus in Cumbria).
4. University Of Nicosia, Cyprus:-
In November 2013, the University of Nicosia started accepting Bitcoin as fees. the payment option for fees. This University is the largest in Cyprus and has become instrumental in the internalization of higher education. It also has its main campus in Nicosia, the capital of Cyprus. It’s a popular destination for international students from different parts of the world.
5. The Lucerne University Of Applied Sciences and Arts In Switzerland:-
The Lucerne University Of Applied Sciences and Arts was founded in 1997 and offers courses in both English and German. The school also specializes in education dedicated to financing, international management, economics, music, art, animation and 2D/3D design. This University is a public vocational school in Switzerland; on October 3rd, 2017, the University announced that it would accept Bitcoin for class tuition. The university further wrote that the Lucerne University of Applied Sciences and Arts will not transact directly in Bitcoins; instead, it has contracted Bitcoin Suisse AG to transact Cryptocurrency business on its behalf through a payment system that resembles an e-banking portal.
This will allow the University to accept Bitcoins without actually having possession of them. Once a week, or daily if the CHF 10,000 barrier is achieved, the payments will be converted to Swiss Francs. Any exchange rate losses and currency fluctuations are the responsibility of Bitcoin Suisse AG. The customer incurs a payment fee of 1%, which means that the Lucerne University of Applied Science and Arts is sheltered from exchange rate losses and currency fluctuations.
6. FPT University, Vietnam:-
Although the payment option was initially exclusively available to international students, FPT University became the first university in Vietnam to accept Bitcoin as a payment option. This is the first university in Vietnam to receive a three-star rating from the QS World University Ranking System, with five stars in each of four major categories: teaching, employability, facilities, and social responsibility. This is one of Vietnam's best schools, and it is a favourite destination for international students from all over the world.
7. Varna University Of Management, Bulgaria:-
This is Bulgaria’s only reputable college that offers scholarships in Bitcoin. Students applying for undergraduate degrees at the institution can get a $1,000 Bitcoin scholarship based on their history. In the year 2018, this transformation began. Varna University of management is regarded as one of Bulgaria's most prestigious business schools.
8. Innovation and Entrepreneurship business school (IEBS), Spain:-
The IEBS is the world's first digital business school to accept Bitcoin as tuition fees. This payment option was first made available by the school in 2018. In addition, the institute of business and economics (IEBS) offers online-only courses. This decision, according to the school, allowed it to offer fixed pricing to its diverse foreign pupils without having to worry about international currency rates.
9. Red & Yellow Creative School Of Business, South Africa:-
The Red & Yellow Creative School Of Business became South Africa’s first business school to accept Bitcoin for all degrees, advanced diplomas, certification, and online courses. This payment option was first presented by the school in 2018. This is an accredited private higher education institution headquartered in Cape Town, South Africa.
10. Financia Business School, France:-
This is one of France’s most prestigious business schools. Financia Business School in Paris, France, provides post-graduate financial and Blockchain Technology courses. In 2018, the college began allowing students to pay their fees in Cryptocurrency. Foreign students make about a quarter of the Financia Business School’s student body, and many of them must deal with complicated and costly money transfers.
The use of Bitcoin for fees, according to the Paris-based college, allows international students to save money and transact more easily. Coin Capital, a firm focusing on digital assets and Blockchain Technology, has partnered with Financia Business School to assist students with fee payment processes.
The value of Bitcoins received by universities is assessed at face value. So, when it comes to paying for education, be sure the value of your Bitcoins corresponds to the cost of tuition. Even if the volatility is high and there are hazards, if you have enough money in Bitcoin or another digital currency, you can utilise it to fund your education.