Institutional & Retail Acceptance Of Crypto Payments Accelerates

The global acceptance of digital resources and currencies is changing dramatically. State-run administrations and foundations across the globe are actively considering adopting Bitcoin (BTC) and other cryptocurrencies for payment purposes, including a small private institution outside Boston.

Bentley University in Waltham, Massachusetts, will thus be among the first educational institutions in the U.S to accept tuition payments made in Bitcoin, Ethereum (ETH), and also the stablecoin USD Coin (USDC).

The college will accept these payments through its partnership with Coinbase, one of the world&39s biggest cryptocurrency exchanges (and the largest in the United States). It also intends to accept gifts and donations in crypto.

Elsewhere, a school in Dubai, UAE, recently talked about potentially accepting tuition payments in both Bitcoin and Ethereum via a computerized process which automatically converts crypto into AED, the country&39s official currency. Emirates Airlines also recently announced that they shall be accepting payments in BTC as well, in addition to taking part in both the metaverse and NFT sectors too.