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Crypto adoption has finally reached one of the most prestigious universities in the United States. An Ivy League institution just announced that it will be accepting cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) as payment for its blockchain program.
The Wharton School of the University of Pennsylvania will start accepting crypto as payment for its new online executive program, according to Coindesk. The Ivy League business school, one of the premier business schools in the country, will be launching the “Economics of Blockchain and Digital Assets” course, which is targeting technology and business professionals who want to learn about blockchain and digital assets.
“We designed this program for business professionals and executives from a range of backgrounds, including traditional finance, management, and tech,” the program’s academic director Kevin Werbach said. Werbach is also a blockchain author and a professor at Wharton.
However, the acceptance of crypto payments will only be limited to the new six-week blockchain and crypto program. Wharton said that it expects to attract thousands of students to the program, which will cost $3,800, according to Cointelegraph.
Cryptocurrencies such as Bitcoin, Ethereum, and USDC will be accepted as payments for tuition via Coinbase Commerce, the e-commerce platform of the U.S.-based crypto exchange. Wharton said that it will be the first Ivy League institution to accept crypto payments.
This is not the first time that Wharton made the headlines for crypto-related news. Back in May 2021, the business school received a donation of 118 BTC worth around $5 million at that time, which it immediately exchange for fiat. The donation would have been worth over $7 million based on the current Bitcoin price.
In June 2020, the World Economic Forum partnered with the Blockchain and Digital Asset Project at the Wharton School. The project is led by Professor Kevin Werbach and aims to address the business and regulatory aspects of decentralized finance.
