Swiss Vocational School Lucerne University Accepts Bitcoin for Tuition

On October 3 the Swiss public vocational school, Lucerne University of Applied Sciences and Arts, announced its now accepting bitcoin for class tuition.

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Lucerne University: “Disseminating Knowledge on Cutting-Edge Technologies”

This week the vocational science and art school Lucerne University (Hochschule Luzern) has announced it will be accepting bitcoin for services. Lucerne is a well-known college that was founded in 1997 and offers courses in both English and German. The school specializes in education dedicated to financing, international management, economics, music, art, animation and 2D/3D design. Lucerne details that cryptocurrency and blockchain technology is currently a focus of research at the school for “continuing and executive education programmes.” Because of these research programmes, Lucerne believes its only natural to accept bitcoin to gain a better understanding.      

“By accepting the bitcoin cryptocurrency, the Lucerne University of Applied Sciences and Arts is indicating its ability to disseminate knowledge on cutting-edge technologies such as blockchain, as well as its desire to gain experience in the practical aspects of this novel area,” Lucerne’s announcement explains.

Getting Familiar With Cryptocurrencies

Lucerne further details that the payment processing firm, Bitcoin Suisse AG, is facilitating the university’s bitcoin payments. Bitcoin Suisse AG is bearing the “risk of any exchange rate losses and currency fluctuations,” explains Lucerne. However, Lucerne observes the school’s students will incur a payment fee of 1 percent which is significantly lower than traditional payment rails. The Swiss university says they only expect a few students to start paying with bitcoin in the beginning, but want to get more familiar with fintech and blockchain-based concepts. Lucerne believes students who understand these subjects will likely be the first to pay with bitcoin.        

“Those most likely to avail themselves of this opportunity will either be already familiar with the concept of financial services and blockchain or interested in pursuing continuing and executive education opportunities in this subject area,” Lucerne details.

The Swiss Vocational School Joins the Growing List of Universities Accepting Bitcoin for Tuition

Lucerne is just one of the many universities that have announced accepting bitcoin over the past few years. Just last year the University Business School ESMT Berlin started accepting bitcoin. Other well-known colleges that accept bitcoin for tuition and school supplies include the University of Nicosia, King’s College in New York, and the University of Cumbria.

What do you think about Lucerne University accepting bitcoin through Bitcoin Suisse AG to get better familiarized with the technology? Let us know in the comments below.

Images via associated HSLU websites.

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