Zero Hedge – by Tyler Durden While the last few days’ hearings have focused on the nefarious aspects of the crypto-currency, it would appear that the adoption of Bitcoin is growing in the broad market place. While drugs, assassinations, and money-laundering are the headline-grabbing reasons why this unregulated asset is under the US (and European) government’s eye, from ATMs, Subway (sandwich shops), and online retailers, the appeal is growing… and now, as AP reports, Cyprus’ largest university will start accepting the digital currency Bitcoin as an alternative way to pay tuition fees.
Via AP,
Cyprus’ biggest private university says it will start accepting the digital currency Bitcoin as an alternative way to pay tuition fees.
University of Nicosia’s Chief Financial Officer Christos Vlachos says the move will help foreign students in countries where traditional banking transactions are either difficult or costly to pay fees for programs such as online degrees.
The university claims it is the first in the world to take Bitcoin payments.
Vlachos told The Asssociated Press on Thursday that the university is also offering a new Masters’ degree in digital currency, a field he says is the monetary equivalent of the Internet in its infancy.
He said the Cypriot government should set up a regulatory framework to attract digital currency trading companies and boost the bailed-out country’s foundering economy.