The King’s College In New York City Becomes First In U. S. to Accept Bitcoin for Tuition, Other Expenses

Bitcoin tokens are seen in Sandy, Utah, on April 3, 2013. (Photo: Rick Bowmer, AP)

Bitcoin tokens are seen in Sandy, Utah, on April 3, 2013. (Photo: Rick Bowmer, AP)

The King’s College, a Christian liberal arts school in New York City, announced on Friday (June 13) that it has entered into an agreement with Coin.co, making it the first accredited college in the United States to accept Bitcoin for tuition, other expenses, and donations.

The college’s president, Gregory Alan Thornbury, said in a statement, “Allowing Bitcoin to be used to pay for a King’s education decreases our costs while simultaneously allowing our students to be a part of this exciting new technology.”

Coin.co, unlike most credit card companies, does not charge a transaction fee, so using the emerging payment technology could be a money saver. The college’s website lists a cost of $15,950 for 12-18 credit hours.

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SOURCE: Religion News Service
(Patrick Foster writes for USA Today.)