06 Oct '17, 10am

Swiss Public University Begins Accepting Bitcoin

Switzerland's Lucerne University of Applied Sciences and Arts is now accepting bitcoin. The public institution is taking the cryptocurrency as payment for student-related bills through a partnership with Bitcoin Suisse AG. As might be expected, the university itself won't handle the bitcoin – rather, the brokerage firm will exchange incoming payments into Swiss francs on a weekly basis, according to an announcement . "Bitcoin Suisse AG will bear the risk of any exchange rate losses and currency fluctuations," the university notes. Immediate adoption by most students is not expected, however. Only those who are savvy about finance or are interested in pursuing an education in this area are expected to choose the payment method, the release indicates. The move makes it the latest publicly funded higher education institute to embrace bitcoin as an alternative payment, followi...

Full article: https://www.coindesk.com/swiss-public-university-begins-a...

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