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University Of Nicosia

Cyprus university now letting you pay fees with Bitcoins

The country was one of the first to embrace Bitcoins after people moved their savings to the online currency following its controversial bailout.

WITH BITCOINS NOW trading at €406 per coin, the list of things you can spend them on continues to grow. If you’re based in Cyprus, you can now use them to pay for your education.

The University of Nicosia announced that it will be accepting Bitcoins as payment for tuition and other fees, making it the first accredited university in the world to accept it.

Cyprus was one of the first countries to embrace Bitcoins thanks to a controversial bailout agreed earlier this year. Those who were angry with the terms began putting their savings into Bitcoins instead away from the reach of the banks. This investment kicked off the surge in price which saw it increase 5,000 per cent since the start of the year.

The university is also launching a Masters in Digital Currency in Spring 2014, which will be taught both online and on-campus. The course will deal with how digital currency will interact with existing financial systems and how it will evolve.

The university is also proposing to the Cyprus government a framework for developing the country into a hub for Bitcoin trading.

The university’s Chief Financial Officer Dr. Christos Vlachos said in a statement:

We are acutely aware that digital currency is an inevitable technical development that will lead to significant innovation… Digital currency will create more efficient services and will serve as a mechanism for spreading financial services to under-banked regions of the world.

Read: China now the biggest market for Bitcoin trading >

Read:  Cyprus launches criminal investigation into banking crisis >

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    Mute Willie Marty
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    May 30th 2023, 6:51 PM

    Is Charlie Flanagan still TD Ah here I give up

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    Mute goldiefish72
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    May 30th 2023, 6:45 PM

    This government has managed to get the lifetime of their own government out of the Commission on the Defence Forces. It was lauded in the beginning as a template for change. That was in 2019. The public and others were invited to make submissions in 2020, With the report due for release that December. December came and went, and the report was finally released in february, the Govt sat on it until making the obvious decision to accept the recommendations of LOA2 in July, but with an implementation group who would report back in 6 months. We’ll not go to LOA2 right away though, we’ll do it in phases, increasing defence spending in increments equal to the cost of One military aircraft per year.Here we are now almost June 2023, with nothing substantial achieved apart from a few more high paid civil service posts filled.

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    Mute Chris Jordan
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    May 30th 2023, 7:39 PM

    Tanagan would have us fighting under the Union Flag if he could. Does anybody really care what he says in this day and age?

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    Mute Brian Boru
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    May 30th 2023, 6:34 PM

    Ireland should be a respected neutral country with an army capable of defending the country. Personally I would like weapons that could kill lots of people, this would deter even the worlds biggest countries from invading us.

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    Mute Gerry Dornan
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    May 30th 2023, 8:31 PM

    @Brian Boru:
    Nukes…

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    Mute alan
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    May 30th 2023, 8:46 PM

    @Gerry Dornan: whoopee cushions. Can you imagine Putin sitting on one?

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    Mute Shaun Gallagher
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    May 30th 2023, 7:41 PM

    Maybe he should get the black and Tans to help out

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    Mute Thomas O'Donnell
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    May 30th 2023, 8:35 PM

    I’m surprised at Cathal Berry. He should know the one person that will slow this process down to a crawl on that committee. Waiting to appoint a Head of Transformation (there must be a civil servant due retirement)someone who will then appoint someone and hey presto it will be election time. The Sec of the Department was put there for a reason. To make sure Defence is treated at a snails pace. Give nothing to the Military at all costs. I have never seen a Secretary of the Department do or introduce anything constructive EVER. Thats why they are kept.

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    Mute Den O'Con
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    May 30th 2023, 9:50 PM

    So the chairperson in charge of a committee for implementing modernisation after meeting 6 times says that a head of transformation is due to be appointed but that other measures are delayed because of the IRG group publication which delayed the development of an implement implementation plan, and that the establishment of an (enquiry) and development of the terms of reference for it and potential interface on both of those and ensuring that the implementation plan is comprehensive also delayed. Please read that back and realise why so much goes at the snails pace mentioned in the article

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    Mute McMahon G
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    May 30th 2023, 7:00 PM

    We should arm and uniform our new Irish brothers, that would be great for everyone.

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    Mute Nestor
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    May 31st 2023, 12:28 AM

    So the notoriously thin-skinned Flanagan, who was rightly demoted after the last general election, is mouthing off again…

    Yawn!

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    Mute Real Chief Police Trump MAGA 2024
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    May 30th 2023, 6:41 PM

    I have a copy of the Epstein Flight log…

    go to http://www.realchiefpolice.com or
    https://www.buymeacoffee.com/truther

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    Mute goldiefish72
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    May 30th 2023, 9:18 PM

    @Real Chieflice Trump MAGA 2024:
    Tosspot

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