The University of Nicosia to Accept Bitcoin in Tuition Fees

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The University of Nicosia to Accept Bitcoin in Tuition Fees
The University of Nicosia to Accept Bitcoin in Tuition Fees

The University of Nicosia to Accept Bitcoin in Tuition Fees

In an announcement, the University of Nicosia, a private school in Cyprus, says it is now the first university that lets students pay tuition and other fees in Bitcoin, a digital currency that is changing the way money has been perceived so far. Currently, there are more than 5,000 students studying in various faculties.

The announcement on the part of the university is a move to gain publicity for a new master’s program in digital currency which it is going to be launched next spring. The university believes that the study program is designed to appeal to everyone from government administrators to entrepreneurs.

Master of Science Degree in Digital Currency

The University of Nicosia’s Master of Science Degree in Digital Currency, will be the world’s first such program which is going to cover both the technical underpinnings of systems like Bitcoin as well as how such systems will evolve and change society. The program will begin with an introduction to Digital Currency.

Christos Vlachos, the university’s chief financial officer, said that digital currency is an inevitable technical development that will lead to significant innovation. The program will be available for free enrollment online. The language of preference for learning in University of Nicosia is English.

Bitcoin Hitting New Popularity Every Passing Day

Bitcoin touched $900 on Mt.Gox and is expected to cross the $1000 mark soon. Cyprus has always been a home ground for Bitcoin where it has received popular attention. Now the University of Nicosia is accepting them in tuition fees, which is another measure that is catching the attention from the people around the world.

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Moreover, as the price of Bitcoin fluctuates a lot, depending on price trends, and on how it converts Bitcoin to Euros, the university could end up pocketing well north of its normal tuition. However, the university is not aiming to profit from the new announcement; rather, it has bonafide intentions and wishes to encourage Bitcoin users.

In fact, administrators promise that they will be turning the Republic of Cyprus into a Bitcoin trading hub. They want to turn it into the Wall Street of crypto-currency. Currently, the University of Nicosia is the largest university in Cyprus, with campuses based in the three largest cities in Cyprus: Nicosia, Lemesos and Larnaca.

Till September 2007, it was known as Intercollege; however, later on it became a recognized university with more than 5,000 students studying various courses. Currently, the University of Nicosia has established itself as a dynamic and respected international institution of higher education.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com