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October2018

Swiss university students could pay for education in bitcoins

Swiss university students could pay for education in bitcoins

The Lucerne University of Applied Sciences and Arts, a Swiss prestigious higher educational establishment, started accepting bitcoin payments. It is the world’s second university (the first one is the University of Nicosia in Cyprus) allowing students to pay for their education in bitcoins. This news has been published on the university website.

According to the article, bitcoins won’t be transferred directly to the HSLU: the Bitcoin Suisse AG startup is responsible for the technical aspect. Payments will be converted into the national currency. Besides, the startup undertakes a protection from risks. A fee for its services will be 1% of the sum.

The university board does not expect that the new service will be used by many students, at least at first. They suppose that this payment method will be likely preferred by those being familiar with financial technologies. The publication stresses that the decision of accepting cryptocurrencies means that the university is ready to promote the blockchain and to discover special features of its application.

It should be noted that the Lucerne University of Applied Sciences and Arts has been already exploring the blockchain and cryptocurrencies: some students have dedicated their investigations and scientific projects to these topics.

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