Paraguay University Will Accept Bitcoin

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The American University of Paraguay shared on Twitter that it will accept tuition payments in bitcoin, as well as other cryptocurrencies, beginning on August 1, 2021.

“From August 1, you will be able to pay all your tuition and fees with cryptocurrency,” a translated version of the tweet read. “We take an important step towards innovation.”

The university is one of Paraguay’s most prestigious educational centers and has been in operation for over 30 years. But it is still unclear how the university plans to accept or hold the BTC it receives as tuition payment on a technical level, but it has not indicated any plans to liquidate the bitcoin upon receipt.




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