Bitcoin Now Accepted at Two University Programs In UK
The 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 that 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.