Health CareDisability Advocates Forcibly Removed From Senate Protest Say It Was Worth It: ‘We Have the Right to Live’trialSecond Mistrial Declared in Racially-Charged Police Murder TrialInvestigationsSeaWorld Is Under Investigation for Statements Made About BlackfishCongressHere Is Every Republican Senator Who Opposes the Health Care BillBitcoinKing's College Becomes First U.S.School to Accept BitcoinJack LinshiAt King's College, bitcoins—used to purchase items from satellite TV to illegal drugs—can now be used to pay tuition.The New York City school announced Friday that it will accept bitcoin payments, the first accredited U.S.college to do so, according to a press release.Through a partnership with Coin.co, a company that facilitates bitcoin transactions, King's College will allow use of the digital currency to pay tuition, submit donations and deal with other expenses.The school hopes this move will immerse students in new technology, as bitcoin has become increasingly popular over the past year.

It will also eliminate the 2-3% transaction fees charged to the college when students pay tuition via credit card, as Coin.co does not have transaction fees."Allowingbitcoin 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," King's College President Dr. Gregory Alan Thornbury said in the statement.The school follows the trend of two other higher education institutions that accept bitcoin: Cyprus' University of Nicosia in November, and the UK's University of Cumbria in January.The University of Puget Sound accepted an alumnus' $10,0oo donation via bitcoin in February, though the Tacoma school does not have an official bitcoin payment policy.Currently, a semester's tuition at King's College costs about 28 bitcoin.Bitcoin can already be used to purchase a plane ticket, donate to a political campaign and pay a satellite TV bill.Beginning this fall, it can also be used to pay for a college education.

On Friday, King’s College, a four-year evangelical school based in Lower Manhattan, said that it would become the first accredited college to allow students to pay their tuition in Bitcoin.bitcoin cloud services legitIt’s also the latest in a growing list of groups that have begun accepting virtual currency, fueled by a cottage industry dedicated to making online money easier to use.ethereum cold storageA small liberal arts college committed to “the truths of Christianity and a biblical worldview,” King’s charges $15,950 a semester for 12 to 18 credits, according to its website.bitcoin mining using raspberry piKing’s has about 500 students, according to the school’s president, Gregory Thornbury.bitcoin cotacao

Thornbury does not know how many of those students, or future students, will actually take advantage of the new payment method.bitcoin steuern zahlenThat’s not surprising, given that many merchants say that just offering Bitcoin as an option can be a useful marketing tool.litecoin to chfThornbury said that the school was primarily motivated by the desire to be forward-thinking.ethereum debit card“It seems to be fairly similar to email 20 years ago,” Mr.faucet bitcoin wikiThornbury said in an interview Friday.convert litecoin to euro“Why would we need that?And then everybody has one.” Bitcoin, the computer-driven currency created by an anonymous programmer, has steadily gained a toehold in the mainstream since it appeared online in 2009.

While established financial institutions have thus far shunned it amid fears about future regulation, a number of venture capital firms have jumped at the chance to capitalize on what they see as a growing market.But critics contend that investors should be wary of Bitcoin because of the potential for scams and its volatility.Federal prosecutors shut down Silk Road, the popular Bitcoin marketplace, after accusing it of facilitating drug deals and other illegal transactions.And several regulatory agencies, including the Securities and Exchange Commission, have recently sent out alerts to warn consumers about fraudulent investment schemes.Bitcoin’s price has swung from a few cents to more than $1,000 to its current price of about $600 in just a few years.Still, plenty of entrepreneurs are eager to jump on the Bitcoin bandwagon.Companies like Coin.co and the more widely used Coinbase have made it easier for companies to accept Bitcoin by converting virtual currency into dollars. and recently confirmed it would help Jared Polis, a congressman from Colorado, accept campaign donations.

Just last month, Dish Network announced it would use Coinbase to let customers pay their satellite television bills.The King’s College, a private Christian liberal arts college located in New York City’s financial district, is now accepting bitcoin for tuition and other expenses through a partnership with merchant processor Coin.co.The announcement by The King's College marks the latest major university to accept bitcoin following decisions from the University of Nicosia in Cyprus and more recently the UK's University of Cumbria.Although California-based online and residential school Draper University announced its decision to accept bitcoin in 2013, the move by The King's College into the bitcoin ecosystem is notable due to the fact that it is a more storied private institution, having been founded in 1938.Despite coming from the more traditional educational system, Dr Gregory Thornbury, President of The King’s College, told CoinDesk that the decision to accept bitcoin is one that is very much in line with his school's core values: "We have a strong emphasis on the founding documents of the US, the Constitution and the Bill of Rights, which are very individual based.

Bitcoin represents that, it's the empowerment of individuals."Further, Thornbury suggests that the move is one other universities would be wise to consider, given the current problems facing the higher education system in the US, saying: "Adopting or taking seriously disruptive technologies in the delivery of the educational program is something that everyone needs to be studying, and I think [bitcoin] is one aspect of that."The King's College campus is located at 56 Broadway, New York, in close proximity to the epicenter of traditional finance, Wall Street.Thornbury further discussed The King's College curriculum, drawing comparisons between bitcoin and the teachings it could help impart on its roughly 600 students."We have an Oxford University-style politics, philosophy and economics core, with a strong emphasis on business and finance.We're always very interested in developing advent technologies in business and finance, and certainly bitcoin would be one of those."Additionally, Thornbury stressed that, while not an avid user of bitcoin, he sees the technology as a powerful one, likening the transformations it could bring to the financial system to the advent of email in the 1990s.

He added: "I think any college president would be wise to get in on that."The move is also a significant announcement for New York-based processor Coin.co, whose board of directors includes Matthew Mellon, the former chairman of New York's Republican Party Finance committee and whose family founded Carnegie Mellon and Tufts University.Mellon told CoinDesk that his company, led by CEO Brendan Diaz, believes that the bitcoin ecosystem would be wise to focus on spreading bitcoin awareness, stating: "It's becoming more and more important and relevant to the financial sector, as a lot of universities are cooperating with companies on Wall Street."The sentiment seems to be shared by others in the bitcoin community.Most recently, MIT Bitcoin Club announced it would distribute $500,000 in bitcoin to MIT students this fall, while California-based merchant processor Coinbase unveiled plans in May to provide $10 in free BTC to university students who enrolled in its consumer wallet offering.Image via The King's College The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.