The United States-based university Georgia Tech is now accepting Bitcoin as a payment option at the Bobby Dodd Stadium and other locations on campus. The institution teamed up with BitPay to make it happen and seems quite proud of its bet on cryptocurrency.
Bitcoin will be a valid form of payment at the stadium concession sales area – where the Yellow Jackets’ fans can purchase snacks and drinks with digital money – and at the Barnes & Noble store in Tech Square. But, more important, it will also be part of the student credit system BuzzCard. With this card, which is now Bitcoin-friendly, the students can purchase food and goods at almost all locations on the Georgia Tech’s campus.
“We look forward to working with BitPay to make Bitcoin a viable payment option for our students and fans”, confirmed the university’s athletic director, Mike Bobinski, in a press release.
At Georgia Tech, we are always looking to lead in innovative ways, and this partnership with BitPay gives us an opportunity to do so by integrating this new technology at a sports venue and in the daily lives of our students.
This means, at least according to BitPay, that the Georgia Institute of Technology will be the first university in the world to integrate Bitcoin payments into its stadium concession sales and credit system.
The institute was founded in 1885 and is considered one of the most prestigious public universities in the United States (it actually ranks in the country’s top 10 public universities), as well as one of the nation’s leading research universities. There are currently 21,500 undergraduate and graduate students enroled at Georgia Tech who can use the institute’s BuzzCard and will now be able to purchase credit points with cryptocurrency in an easy way. The BuzzCard is actually considered a “key to campus life” on Georgia Tech.
Tony Gallippi agrees. BitPay’s executive director (and a Georgia Institute of Technology alumnus) says “Georgia Tech is one of the best sources of innovation in the country. BitPay is proud to offer its own innovative Bitcoin payment processing to the university and its students”.
Not far away from this new Bitcoin hotspot, more specifically in Canada, another university just announced the creation of a Bitcoin club. Straight.com reports that the University of British Columbia now has a group of 15 Bitcoin supporters that want to show the institution the advantages of accepting BTC as a payment option for the students’ tuitions.
Featured image source: Wikimedia
If you embrace Bitcoin now, the risk you take as an early
adopter might yield rewards in the long run. Once you’ve set up the business,
you don’t have to actively do anything at all –
you will still make money. The people in India will
be able to shift the attention from the regular rupees to the more valuable currency
I wanted to pass along something that I thought might be of interest to you and your readers: “The CFO’s Guide to Bitcoin.” Part 1 covers the basics of the bitcoin business case. Part 2 discusses bitcoin taxes and accounting.
Our piece is designed to help CFO’s and small business owners determine if they can benefit from doing business in bitcoin. The article is data-rich and covers a wide range of different bitcoin issues. As a practical guide to the financial management issues surrounding bitcoin, we hope it serves as a valuable resource.
Please feel free to share the article with your readers–if you think it’s relevant. The author is available if you have any follow-up questions. If there are other ways you can think of that we can join forces to combine efforts in getting great information out to small businesses on the possible benefits of bitcoin adoption, I’d love to chat about them.
Looking forward to hearing back at your convenience.
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