Entries with tag cyprus.

Paying for College with Bitcoins

The University of Nicosia in Cyprus now lets students pay tuition with bitcoins, becoming the world’s first accredited university to accept the virtual currency. The school will also launch a master of science program in digital currency in spring 2014. University officials say their decision to accept bitcoins is unrelated to financial controls imposed by the government during the nation’s the recent economic crisis. Some journalists say the subsequent financial losses and continued economic hardship associated with the nation’s financial bailout from the EU may have prompted the school to accept the currency. Instead, the officials say, the move is designed to help students from countries in which traditional banking transactions are either difficult or costly pay for online degrees. (Fast Company)(The Los Angeles Times)(The Associated Press @ ABC News)(University of Nicosia -- 1)(University of Nicosia -- 2) 

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