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Bitcoin Now Accepted at Two University Programs In UK

Bitcoin and University of CumbriaThe University of Cumbria in the United Kingdom announced last week that they would be accepting Bitcoin payments on a trial basis for two specific programs that focus on complementary currencies. While the University of Nicosia in Cyprus was the first private university to announce Bitcoin as a form of payment, the University of Cumbria is apparently the first public university to do so.

Bitcoin is a digital currency introduced in 2009 ┬áthat allows the transfer of funds between individuals without a central authority or regulation by a government or financial institution. The University of Cumbria was founded in 2007 and based on a “distributed learning network”, so that teaching takes place on a main campus and at other satellite campuses and colleges.