An academic discipline of Wharton School of the University of Pennsylvania has announced its new rule about accepting cryptocurrencies as means of payment from its students.
The respected US business school will have a new program called blockchain classes.
The latest introduced online program will launch on January 3, 2022. The business school entitled its scheme as the Economics of Blockchain and Digital Assets. This modern computer-controlled class will begin to embrace cryptocurrencies like Bitcoin, Ether, or USDCoin over Coinbase as a tuition payment from its upcoming enrollee early next year. Wharton stated in a press release on Thursday.
Kevin Werbach, the program’s academic director, believes that blockchain and digital assets will not end. He particularly described that the new course is for specific professional individuals who focus on finance, management, and tech fields.
Prysm Group is a consulting firm that focuses on blockchain economics. It has guided institutions and some universities to digital assets. The new program that Warton will be in by the beginning of next year develops in collaboration with the said firm.
Speakers from Bitcoin Crypto Icons
A press release confirmed that many platforms were supporting the program. The new series of classes will feature various guest speakers such as Circle, Andreessen Horowitz, Litecoin, The Defiant, Forbes, US security and Exchange Commission, Unchained podcast, and the World Economic Forum. This modern industry also shares a part of its weight to the Amazon Web Services, in company with blockchain platforms such as Forte and Algorand.
On the other hand, the billionaire electric carmaker who spearheaded Tesla and known as a crypto enthusiast, Elon Musk, was an alumnus in Wharton School. Musk completed his academic degree in 1997.
The school disclosed information notifying the public about an unknown identity who had donated $5 million or a value of around R75 million. The said gift was received earlier this year. The donation set a new record by being the biggest crypto ever received as a charity.
Last week, SEC authorized the first-ever fund in bitcoin-linked exchange-trade. This permission has indicated that similar means of funds are not possible in the future. On top of that, it has affected the regulator’s field of vision on the assets class future. It furthermore contemplates that it is likely to last for a very long time.
After the approbation, cryptocurrencies have gained prestige and once again made their way back to the spotlight. Moreover, bitcoin had set a new record for hitting unsurpassed records. That being the case, other digital currencies had positive effects. The high value of meme coin Shiba Inu was because of its assistance from crypto whales and retailers’ investments.
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