Paris-based Financia Business School is now allowing students to pay their tuition fees in bitcoin.
Founded in 2014, Financia Business School offers bachelor’s and MBA qualifications, and teaches master classes in FinTech and blockchain technology. Many of Financia’s alumni work for large Paris-based financial institutions, including Société Générale, BNP Paribas, and Crédit Agricole.
In its announcement, the Paris-based college said that accepting tuition fees in cryptocurrency make it easier for foreign students – approximately 25% of its total enrollment – to cut costs and transact with ease. Additionally, the school will be able to track and process secure transfers.
To facilitate bitcoin payments, the school partnered with Paris–based blockchain startup Coin Capital. Currently, five students have already paid their fees in cryptocurrency for 2018 academic year, including foreign student Adam Hasib, who revealed that his early investment in bitcoin made payment of his tuition fees possible.
“I became interested in this technology early on and quickly became a staunch supporter of blockchain’s decentralized model,” Hasib told Studyrama, an online French education platform. “By June 2017, I had acquired my first bitcoins, which allowed me to pay the registration deposit at school … I just had to contact the administration to get the wallet address before [making] my deposit.”
Financia Business School said that it is set to complement the crypto fee facility with a raft of blockchain-inspired administrative innovations, including the creation of a token for the payment of services within the school and partner institutions, the launch of proof of concept around blockchain projects by and for students, and the reinforcement of courses on blockchain, initial coin offerings (ICO) and other related issues.
Universities have been growing increasingly interested in cryptocurrencies and blockchain technology. In August of this year, crypto exchange Coinbase released a study showing that 42% of the world’s top ranking universities now offer courses on digital currencies. Other findings from the survey showed that 26% of 675 students surveyed were interested in taking courses on crypto.
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