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Cumbria Becomes First Public University In The World To Accept Bitcoin In Tuition Fees

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The University of Cumbria is to accept the online currency Bitcoin as payment for fees, it has announced, becoming the first public university in the world to do so.

At first, payments will be limited to two courses on the roles of complimentary currencies in economic systems, which will be taught from summer this year.

The courses are to be run by the university's new Institute for Leadership and Sustainability, in an effort to “study the experience of facilitating payments by one complementary currency system”.

Professor Jem Bendell, the director of IFLAS, said: “We believe in learning by doing, and so to help inform our courses on complementary currencies, we are trialling the acceptance of them.”

Cumbria getting in on currency speculation?

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