Last updated on March 17th, 2015 at 03:15 pm
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