University to Accept Tuition in Bitcoin

A private university in Cyprus is the first to allow students to pay tuition and fees with bitcoins.

Wired reports the University of Nicosia, which plans to offer a first-ever master’s program in digital currency management.

The move is part of a strategy to help turn Cyprus into a center of worldwide bitcoin trading.

The program, apparently the world’s first “Master of Science Degree in Digital Currency,” covers both the technical underpinnings of systems like Bitcoin as well as how such systems will evolve and change society. “Digital currency is an inevitable technical development that will lead to significant innovation,” Christos Vlachos, the university’s chief financial officer, said in a press release.

The program’s first course, Introduction to Digital Currency, will be made available for free enrollment online. Classes at University of Nicosia are taught in English.

Bitcoin’s move into the registrar’s office underscores growing mainstream acceptance of a currency born among digital cryptography geeks. Such acceptance is no doubt made easier by the fact that bitcoin prices have generally marched upward over the past year, finally surging from $100 per bitcoin in July to more than $600 today.