Why use Crypto? Not for potato chips!
Van Flywire is the perfect company to teach everyone about. Yes the numbers aren't great yet
but is there more here under the covers than meets the eye?-- I say yes. Rememeber the stock market discounts and promotes the future so what does the future hold for Flywire?
EducationIndustry
Waltham's Bentley University has become among the first Bay State academic institutions to accept cryptocurrencies as tuition payments.
The private, business-focused university said Tuesday that students can now pay both their graduate and undergraduate tuition through Bitcoin, Ethereum and stablecoin USD Coin. The new form of payment is made possible through a partnership with crypto exchange platform Coinbase (Nasdaq: COIN).
Bentley also plans to accept gifts and donations in such cryptocurrencies.
In an emailed statement, a representative from Bentley wrote that the school wants to give students and their families the option of using crypto to pay tuition as more than 200 million people around the world are already using cryptocurrency.
"It makes sense for Bentley to embrace cryptocurrency because it’s a technology that is changing the global economy that our students will soon enter," the statement reads.
Asked about the security measures that Bentley put in place to avoid being scammed when accepting crypto payments, Bentley said that Coinbase "is an experienced cryptocurrency platform that uses multi-factor authentication and other security measures to keep assets secure."
Bentley students have shown a growing interest in cryptocurrency and launched the Bentley Blockchain Association, one of the first student-led blockchain groups in the nation, Bentley added.
On its site, Bentley University says it partners with Boston-based Flywire Corp. (Nasdaq: FLYW), which went public last year, for tuition payments in foreign currencies. USD Coin, one of the cryptocurrencies Bentley plans to accept,
was developed by another local crypto company, Circle Internet Financial Ltd., in collaboration with Coinbase.
'Not there yet'
Other Boston area universities are not offering their students the option to pay tuition with crypto, and don't have any immediate plans to do so.
Julie Jette, assistant vice president for communications at Brandeis University, wrote "we are not there yet" in response to an inquiry asking whether Brandeis plans to follow the steps of Bentley. A spokesperson from Tufts University confirmed via email that the university has no plans to accept crypto for tuition payments.
Boston University, Northeastern University, Harvard University, MIT and Suffolk University did not respond to requests for comment.
Nationwide, a growing number of universities are starting to accept crypto for both donations and student fees.