The University of Austin is making waves by embracing Bitcoin as a payment option, with plans to create a $5 million Bitcoin fund through donations.
Partnering with Unchained, a cryptocurrency platform, they aim to hold onto BTC for the long term. Thomas Hogan, an associate professor, believes this move sets a precedent for academic institutions to explore resilient financial models.
The university intends to keep Bitcoin in the fund for at least five years, citing interest from supporters in donating cryptocurrency. Unchained CEO Joseph Kelly sees this partnership as a testament to Bitcoin's potential for freedom.
With plans to enroll 100 students in the fall, the university will offer free education for the inaugural group.
June 2024, Cryptoniteuae