Cryptocurrency adoption scores another significant win with the Ivy League University of Pennsylvania. However, there is a catch. One of the premier business schools in the United States, the Wharton School, will accept Bitcoin (BTC) and other types of cryptos for tuition fees, based on a Bloomberg report.
Nevertheless, the adoption is limited to its new online blockchain and digital assets program that is scheduled to start in January. The 6-week program costs $3,800, and the Ivy League university expects to attract thousands of students every year. Titled “Economics of Blockchain and Digital Assets,” The Wharton School will use Coinbase Commerce, the e-commerce network of the United States-based cryptocurrency exchange, to accept crypto payments.
Wharton is now giving an introductory class to cryptocurrency and blockchain through the online education platform Coursera. That is part of a more extensive course covering financial technologies or fintech.
The business school made news earlier in the year when it got a generous $5-million gift in Bitcoin. One anonymous benefactor gifted $5 million, nearly translated to 118 BTC in May 2021. The Wharton School allegedly exchanged the donation to fiat instantly, which would be worth over $7 million at the time of publication.
Previous reports show that the World Economic Forum recently partnered with the Blockchain and Digital Asset Project at the Wharton School. The project is spearheaded by Professor Kevin Werbach. It aims to address the business and regulatory aspects of distributed ledger technology (DLT).
