The Wharton School at the University of Pennsylvania, one of the most prestigious business schools in the world, could be the next major institution to accept cryptocurrency and other forms of payment.
According to reports, the initiative will be available as early as 2022. Coinbase Global Inc. will facilitate crypto payments.
The education sector is being invaded by cryptocurrencies
According to a Bloomberg report, students at the University of Pennsylvania Wharton School can now pay $ 3.800 for an online course in digital assets including bitcoin. Guido Molinari, the Managing Partner at Prysm, is working with Wharton to develop the program. He said: “It’s a program that is based on Blockchain and digital resources.”
The move is still in the planning and will be implemented with Coinbase no later than January 2019. Molinari stated that the trading platform has 68 million verified users. This was a strong factor in the university’s decision.
Wharton University is well-known for producing prominent alumni, in addition to being one the top business schools in America. Many of them have been involved in the cryptocurrency industry over recent years. Arthur Hayes, BitMEX CEO and co-founder is one example.
Elon Musk, the richest man on the planet, is probably the most well-known person to have studied at Wharton. Elon Musk, a successful entrepreneur, graduated from Wharton in 1997. He is currently the head of several large companies, including Tesla, the world’s leading electric car manufacturer (Tesla shares – TSLA ticker).
His company accepted cryptocurrency payments as early as 2021. However, it was suspended several months later due to environmental concerns. Recent reports suggest that the company might change its mind.
Universities find cryptocurrency interesting
Wharton is not the only American premium school to have jumped on the digital assets bandwagon. According to June’s report, Harvard, Yale and Brown University bought cryptocurrencies in exchange for multi-billion-dollar endowments.
The person who was familiar with the matter informed the court that universities had entered the market in two years. He also said that schools probably had started in 2019 and that they had already begun to enter the market. Given the current situation, it is likely that they had already bought cryptocurrency at a very low price.
What do you think about the involvement of these schools with cryptocurrencies? Imagine if your university gave you the opportunity to do this. What if you could also pay in cryptocurrency? Please let us know your thoughts in the comments below.