Draper University is proud to announce that tuition payments are now being accepted in Bitcoin and it has processed its first tuition payment in Bitcoin using Coinbase, an online wallet for Bitcoin

Draper University, a cutting edge boarding school for young entrepreneurs from all over the world, received its first tuition payment in Bitcoin for its summer session, which starts June 24. Draper University, known for its innovative approach to education, accepts various forms of tuition payments, including bartering for services, and now will also accept Bitcoin for tuition payments.

Bitcoin is the first decentralized electronic currency not controlled by a single organization or government. It’s a virtual form of currency that can be used to make payments over the Internet without transaction fees or involving a financial institution. It is used by people all over the world who are trading hundreds of thousands of dollars worth of Bitcoin every day with no middle man and no credit card companies.

“Some of the most forward-looking entrepreneurs are active Bitcoin traders. At Draper University of Heroes, we accept Bitcoin payment of tuition because it is a promising currency with appreciating value. For the time being, we still accept dollars, too,” said Tim Draper, founder and managing director at Draper Fisher Jurvetson and founder of Draper University.

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