– This is the much-discussed, virtual currency, which, as confirmed by the University of Nicosia to Newsit.com.cy, will be accepted by students for tuition payments
– The currency is recording a crazy trend
– Bitcoin is now the “currency” of choice for criminal organizations and smuggling networks
Not long ago, the operation of the first Bitcoin ATM in Canada was big news.
Today, as Newsit.com.cy is surprised to learn, the University of Nicosia has decided to accept the virtual currency for tuition payments! It has thus become the first institution worldwide to accept the digital currency that is constantly gaining points and an audience.
According to a university spokesperson, there is a plan to instantly convert Bitcoins into euros and vice versa.
The purpose of this initiative is to eliminate the difficulties encountered in transferring money for specific students.
According to Dr. Christos Vlachos, the foundation’s Chief Financial Officer, the digital currency “will create more efficient services and serve as a mechanism for the dissemination of financial services in areas of the world that lack even basic services. In this context, we believe that we should implement digital money as a payment method in all our institutions in every city and country where we operate.”
The private University of Nicosia was founded in 1980 and has approximately five thousand (5,000) students.
Bitcoin has been on a wild ride over the past week, as two days ago its price was at $900, while this morning it fell to $460.
It is worth mentioning that in a CIA report to the US Senate, Bitcoin has been characterized as a potential economic and not only threat to the global economy.
Reports and information processed by US intelligence agencies believe that Bitcoin, precisely because it is not controlled by any central body, state or supranational entity, has become the "preferred" currency of all kinds of criminals, as well as terrorist organizations affiliated with Al Qaeda..
Source: newsit.com.cy
