Countries with high inflation rates and political turmoil are not the only in Africa that are embracing Bitcoin and other cryptocurrencies. Red & Yellow Creative School of Business, one of the most respected South African Business Universities, is accepting Bitcoin payments from its students. The University will allow their students to enrol on a bankroll of Bitcoin.
South Africa Empowers Millennials with Cryptocurrencies
This is the first time that a tertiary educational institution in South Africa accepts cryptocurrencies. Now, all kinds of degrees such as advanced diplomas, certificates and online courses, will accept Bitcoin payments.
The University located in Cape Town and Johannesburg said that its preparing students for their success in a digital future. Accepting Bitcoin is a way of implementing the next wave of financial currency.
Rob Stokes, chairman of Red & Yellow and founder Quirk, said:
“The world is changing rapidly, as are our students and it is our responsibility to ensure we are serving their future focused needs. The reality is that Bitcoin is here to stay and with many youngsters having made a good return on their investment in cryptocurrencies, they now want to use this digital cash to invest in their education, as future leaders.”
For other professors at the University, the decision of accepting Bitcoin payments means that the University is now more accessible to the public and on an international scale. Institutions and individuals around the world will now start to consider this university as a possibility for their studies and professional life.
Friendly Bitcoin Universities
More universities all over the world are accepting Bitcoin payments or rewarding their students with cryptocurrencies. As we have reported in October, the Australian University of New South Wales (UNSW) was developing a partnership with LoyaltyX in order to reward students with Ether.
In Switzerland, the Lucerne University of Applied Sciences and Arts, announced in October that it was going to accept Bitcoin payments. The university uses a processing firmed called Bitcoin Suisse AG, that allows the school to accept Bitcoin without holding it.