British university accepts course fees in Bitcoin

Gigaom

The University of Cumbria has become the first public institution of its kind to accept its fees in bitcoins – at least, for two courses that specifically deal with currency innovation.

Located in England’s scenic Lake District, the university counts among its many courses a Postgraduate Certificate in Sustainable Leadership and a Certificate of Achievement in Sustainable Exchange, both offered through its recently-established Institute for Leadership and Sustainability (IFLAS). For these two courses, it is trialling payment by Bitcoin, via a transaction service such as Bitpay.

A private university in Nicosia, Cyprus, has already said it will accept Bitcoin for everything from course fees to cafeteria meals, but the University of Cumbria is a public institution. According to Professor Jim Bendell, who heads up IFLAS and helped organize a United Nations symposium on crypto-currencies last year, the university is experimenting with Bitcoin because it believes in “learning by doing:”

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