Online students of the Wharton Business School at the University of Pennsylvania can now pay their tuition using Bitcoin, Ethereum, and or the USDC stablecoin.
The crypto payment option is only available for students who applied for an online Wharton course called Economics of Blockchain and Digital Assets, a six-week executive education course, and not the entire University.
Wharton is partnering with Coinbase Commerce for the processing of all crypto payments. The business school is also waving the 1% fee for students.
The Wharton Business School has become the second University in the United States to allow students to pay their tuition using crypto. King’s College in New York is the pioneer education institution to accept Bitcoin for tuition, other expenses, and donations.
In the last 24 hours, bitcoin has been up by 3.85%, with a current price of $61,152.60 as at the time of writing this. Within 24 hours, bitcoin dropped to $58,179.61 low and $61,250.13 high. The trading volume of bitcoin in the last 24 hours is $1.79B. The current market capitalization of bitcoin is $1.15T. Currently, $18.86M bitcoins is in circulation.
Stats and Image from Coin Desk
However, the University of Pennsylvania is not new to crypto. The institution has been receiving crypto donations. Earlier this year, an anonymous donor gave $5 million worth of Bitcoin to support innovation in finance.