University to accept cryptocurrencies as payment

Paraguay’s Universidad Americana will begin accepting cryptocurrencies as payment starting in August, according to its general director, Camilo Jiménez Agüero, writes Andrés Engler for CoinDesk.

Universidad Americana has 17,000 students, 60% of whom study virtually. It plans to accept bitcoin (BTC, -2.24%), ether (ETH, -2.86%), dash and XRP (+1.74%) as forms of payment.

According to Jiménez Agüero, the university’s crypto wallet is ready to receive payments but it won’t activate the wallet until the fall term begins, when it plans to include a payment button on its website. Unlike many businesses that say they will accept crypto, the university will not immediately convert its crypto into fiat. Rather, it will decide after receiving the payments, the director said.
Full report on the CoinDesk site