In Brief:
- The Wharton business school plans to accept cryptocurrencies like BTC,ETH as tuition payment.
- The crypto payment option relies on Coinbase Commerce
The Wharton Business School at the University of Pennsylvania plans to accept cryptocurrency for tuition fees.
According to the announcement, Wharton will utilize Coinbase Global Inc., the U.S based cryptocurrency exchange, to accept crypto payments. The student will be able to pay using Bitcoin, Ethereum, and USDC. The crypto payment option is a first for U.S universities.
“It’s a program about blockchain and digital assets, we felt that we talk the talk, and walk the walk,” Guido Molinari, managing partner of a Prysm group which is working with Wharton to develop the program.
In May, The University of Pennsylvania announced that they received an anonymous gift of $5M in Bitcoin. It was the largest cryptocurrency gift/donation the University has ever received. The university will support growth programs related to innovation in Finance at Wharton school.
“Coinbase has 68 million verified users, any one of these users will benefit from this program,” Molinari said.
