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Bentley University, the private university located in Waltham, Massachusetts, has revealed it now accepts digital currencies for tuition payments. Bentley University’s president explained that the school has been “at the forefront in preparing business leaders” and further remarked that the faculty is “proud to embrace” the same technology its students are learning about today.

Bentley University Partners With Coinbase to Accept 3 Digital Currencies

According to an announcement stemming from Bentley’s newsroom, the school of accounting and finance has partnered with Coinbase in order to give students and their families the ability to pay tuition with crypto.

Bentley will accept three crypto assets including bitcoin (BTC), ethereum (ETH), and usd coin (USDC). Bentley president E. LaBrent Chrite explained that the school founded 105 years ago is embracing a technology that may shift the traditional financial landscape entirely.

“Bentley University is at the forefront in preparing business leaders with the skills and knowledge to succeed in the changing world economy,” the university president said in a statement. “We’re proud to embrace this technology that our students are learning about, which will soon transform the global business landscape they’re about to enter.”

Bentley Scholar Says Students ‘Have a Real Interest in Knowing More About Blockchain’

Universities all around the world accept cryptocurrencies including the University of Cumbria in Carlisle, England, the Financial Business School in Paris, France, and the Innovation and Entrepreneurship Business School in Spain. Moreover, Lucerne University of Applied Sciences, Switzerland accepts crypto.

In addition to Bentley University in Massachusetts, in the United States King’s College in Wilkes-Barre, Pennsylvania, accepts bitcoin as well, and the University of Pennsylvania accepts cryptocurrencies. Furthermore, the University of California, Berkeley (UC Berkeley) accepts crypto asset payments. The Bentley announcement further highlighted a student named Alex Kim who launched the Bentley Blockchain Association.

“Students have a real interest in knowing more about blockchain, decentralized finance, and cryptocurrency investments,” said Kim in the press statement. “These technologies are influencing the industries where they will be working,” the Bentley student added.

What do you think about the finance school Bentley University accepting cryptocurrency payments? Let us know what you think about this subject in the comments section below.

One thought on “Finance School Bentley University Now Accepts Cryptocurrency Payments for Tuition

  1. Quite a number of people have come out and said their local banks refuse to do business with them if they mention or have ties to anything crypto. I too have encountered this issue and this is how I overcame it.

    Fiat On-Ramping

    Firstly, you may have had your VISA/Mastercard cards blocked if you try to make puchases on any crypto-related site. Your bank should allow you to connect your card to Paypal. If you are able doing this,you may then use Paxful to make buy/sell crypto on their P2P market. You can have the merchant use their Paypal to send a payment request to your email/phone number. When done you will receive a request and clicking the link will take you to a page where you can send money directly from your card.

    Beware: using a credit card as opposed to a debit card will attract a fairly high cash advance fee of maybe 3% depending on your bank. This is on top of any currency conversion fees and domestic/international payment fees Paypal may charge as well as the card issuer international transaction fees and bank fees. But it's better than nothing. For myself, these fees come up to around 6% domestic and 9% international, but my region is the most expensive for all Paypal fees. Your mileage may vary.

    You may also use Binance or Kucoin(no KYC) or even MEXC P2P which allows many payment options such as Wise, ADVCash, Perfect Money, Zelle, AirTm and many others(MEXC doesn't have all these payment options). You can go to Binance and Kucoin(requires no KYC) to see the various payment options .You may also google crypto P2P exchanges with or without KYC depending on your needs. Instead of Paypal, if your bank allows it, you may connect your card to transfer funds to an account on any of these “E-Wallet” sites(Wise, Perfect Money ADVCash etc). After transferring funds, you can then use the P2P exchanges of Kucoin or Binance or MEXC and transfer payments using these E-wallet sites as a medium to pay from your p2p crypto exchange.

    Beware: your bank may also block card transactions with these e-wallet sites as well like mine does so you may need to defer to the strictly Paypal-only method I mentioned above using Paxful(which requires KYC). Some of these sites may be blocked for you, other may not or they all may be. You mileage may vary.

    If your card is not blocked, you should be able to directly and easily buy at many crypto exchanges easily.

    Fiat Off-Ramping

    You may have another issue of receiving payments. Your bank may not want to accept payments directly from a crypto exchange. For this we again have to get cunning. You will again need an intermediary to send your crypto funds to, from which you may send to your bank if even necessary.

    Of the top of my head I can only think of two online bank options:Wise(as mentioned before) and Bankera. Now Wise only allows you to withdraw fiat(wire transfer) from a crypto exchange to Wise but you cannot deposit from Wise to an crypto exchange. Additionally they only allow deposits from UK regulated exchanges like Kraken, FTX so you should be okay with the bigger exchanges. I believe Bankera allows transfers both ways and is very crypto friendly.

    This is not an exhaustive list of fiat off-ramps as many of the many payment options on Binance P2P probably open up other avenues. For example like Perfect Money that only allows for transactions from one of their certified exchange partners. I don't want to speak too much on it because I'm not the most familiar with Perfect Money.

    The good news is that both of these online banks(Wise and Bankera) offer debit cards such that if you are a resident where the card if offered you can receive this card and use it for all your payments or purchases. You'd hardly even need to wire transfer back to your local banks, although I can speak to how reliable the card itself may be. For Bankera in particular, even if you are not a resident, if you know the address of a friend/family who does like in a region where it is offered you can have them ship the card there(as far as I was told anyway).

    If you do need to send back to your local bank, Wise will probably be accepted as it is well-recognized in the financial world and is UK and US regulated. Bankera should be accepted as it is regulated in Lithuania in the EU. I must also speak to Bankera and I can't say too much about their credibility as they seemed to have had some issues in the past but if necessary you can simply keep little or only as much on Bankera as you need to for as little time as possible, simply only sending funds there that you need immediate access to.

    You may also choose to connect your online bank account of Bankera or Wise to your Paypal to send funds between them, for example if you want to connect your card to Paypal and send funds received from a paypal exchange back to your card.

    Cheers all. Happy trading.

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