One of the most prestigious business schools – the Wharton School at the University of Pennsylvania – could become the next big organization to accept bitcoin and other cryptocurrencies as a form of payment.
The initiative would be available from early 2022, as the university will use Coinbase Global Inc to facilitate crypto settlements.
Crypto is invading the education sector
A Bloomberg report from October 28 said students at the Wharton School at the University of Pennsylvania will have the option to pay for their $ 3,800 online blockchain course in digital assets, with bitcoin being one of them. . Guido Molinari – Managing Partner at Prysm Group, who works with Wharton to develop the program, commented:
“It’s a program on blockchain and digital assets, we felt we were talking the word and walking the walk.”
Nevertheless, the move is still in the planning stage and will be implemented no earlier than January next year with help from Coinbase. Molinari pointed out that the trading platform has 68 million verified users, which is a solid factor behind the university’s decision to choose it as a partner.
As well as being one of the leading business schools in the United States, Wharton is known for its distinguished graduates. Some of them have entered the cryptocurrency industry over the past few years. One example is the CEO and co-founder of BitMEX – Arthur Hayes.
Arguably the most famous person who studied at Wharton is the richest man in the world, Elon Musk. The entrepreneur graduated in 1997, and today he heads several giant companies, including the leading electric car maker – Tesla.
His company started accepting cryptocurrency payments in the first part of 2021, but suspended it several months later for environmental reasons. However, more recent reports suggest the company may soon change its mind.
Universities find cryptocurrencies attractive
Wharton isn’t the only premium American school to jump on the digital asset bandwagon. As CryptoPotato reported in June, Harvard, Yale, Brown University and the University of Michigan bought cryptocurrencies for their multi-billion dollar endowments.
A person familiar with the matter informed at the time that some universities entered the market two years ago.
“It could be since mid-2019. Most have been for at least a year. I think they’ll probably discuss it publicly at some point this year. I suspect they’d be sitting on pretty chunks back.
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