Irvine, CA – California Intercontinental University(CIU) has launched a new payment gateway via caluniversity.edu/pay, allowingstudents to make tuition payments through numerous options. These paymentmethods include Visa, Mastercard, American Express, PayPal, Apple Pay, GooglePay, Amazon Pay, and many more. One of CIU’s latest payment options is Bitcoin and Ethereum, which aretwo forms of cryptocurrencies.
What Is Cryptocurrency?
Cryptocurrency is avirtual currency secured by cryptography, making it nearly impossible tocounterfeit, according to Investopedia.This type of currency is often a decentralized network based on blockchaintechnology – a distributed ledger enforced by a disparate network ofcomputers. Cryptocurrency is not distributed nor controlled by any form ofgovernment or higher authority. Therefore, it cannot be manipulated easily.
Why Use Cryptocurrency?
As educationalinstitutions begin to catch on to accept the latest payment options, CIU hasinitiated its first step to provide students the opportunity to cover theirtuition costs using cryptocurrency. CIU is prompted to adapt and practice thelatest virtual trends in being a technology-first business university whileaiming to deliver its students an exceptional online experience. Accordingto Bitcoinist.com, “Colleges interested in growing willultimately begin to view Bitcoin as a viable payment option for incoming andexisting students.” California Intercontinental University is dedicated todriving change, which means the highest innovative standards must be deliveredin providing its students an extraordinary online experience.
The Future Of Cryptocurrency
Cryptocurrency isstill in the early stages of mass adoption. However, large organizations andcountries are beginning to implement digital assets. Reuters have reported that El Salvador is making Bitcoinlegal tender in September, and Paypal,has already integrated it into their payments platform. Also, one expertinterviewed by CNBC said that “cryptocurrencies will disrupt traditionalfinance because one of their most attractive utilities is the ability toefficiently transfer payment across borders with little to no cost, delay orforeign currency fluctuations.”
CIU strives to be at the forefront ofnew technology advancements to offer its students the most diverse learningexperience. Thus implementing a cryptocurrency payment option was ano-brainer.
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