Irvine, CA – California Intercontinental University
(CIU) has launched a new payment gateway via caluniversity.edu/pay, allowing
students to make tuition payments through numerous options. These payment
methods include Visa, Mastercard, American Express, PayPal, Apple Pay, Google
Pay, Amazon Pay, and many more. One of CIU’s latest payment options is Bitcoin and Ethereum, which are
two forms of cryptocurrencies.
What Is Cryptocurrency?
Cryptocurrency is a
virtual currency secured by cryptography, making it nearly impossible to
counterfeit, according to Investopedia.
This type of currency is often a decentralized network based on blockchain
technology – a distributed ledger enforced by a disparate network of
computers. Cryptocurrency is not distributed nor controlled by any form of
government or higher authority. Therefore, it cannot be manipulated easily.
Why Use Cryptocurrency?
As educational
institutions begin to catch on to accept the latest payment options, CIU has
initiated its first step to provide students the opportunity to cover their
tuition costs using cryptocurrency. CIU is prompted to adapt and practice the
latest virtual trends in being a technology-first business university while
aiming to deliver its students an exceptional online experience. According
to Bitcoinist.com, “Colleges interested in growing will
ultimately begin to view Bitcoin as a viable payment option for incoming and
existing students.” California Intercontinental University is dedicated to
driving change, which means the highest innovative standards must be delivered
in providing its students an extraordinary online experience.
The Future Of Cryptocurrency
Cryptocurrency is
still in the early stages of mass adoption. However, large organizations and
countries are beginning to implement digital assets. Reuters have reported that El Salvador is making Bitcoin
legal tender in September, and Paypal,
has already integrated it into their payments platform. Also, one expert
interviewed by CNBC said that “cryptocurrencies will disrupt traditional
finance because one of their most attractive utilities is the ability to
efficiently transfer payment across borders with little to no cost, delay or
foreign currency fluctuations.”
CIU strives to be at the forefront of
new technology advancements to offer its students the most diverse learning
experience. Thus implementing a cryptocurrency payment option was a
no-brainer.
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