Swiss university accepts Bitcoin for tuition payments

posted 12 months ago
Switzerland's Lucerne University of Applied Sciences and Arts is now accepting bitcoin.

The public institution is taking the cryptocurrency as payment for student-related bills through a partnership with Bitcoin Suisse AG. The university itself won't handle the bitcoin – rather, the brokerage firm will exchange incoming payments into Swiss francs on a weekly basis, according to an announcement.
"Bitcoin Suisse AG will bear the risk of any exchange rate losses and currency fluctuations," the university notes.

The move makes it the latest publicly funded higher education institute to embrace bitcoin as an alternative payment, following the King's College New York, The University of Nicosia in Cyprus, and The University of Cumbria in the U.K.
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