University in Cyprus Receives First Tuition Payment in Bitcoin

The University of Nicosia received its first tuition payment from a student using bitcoin, after it announced it would accept the cryptocurrency for tuition and fee payments, becoming the world’s first accredited university to do so.

By late November the university had received a payment from Francois Rossouw, a South African student. Rossouw paid 1 BTC towards tuition for an online Master of Business Administration degree, so he could be on his way to receive the first bitcoin-funded MBA.


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