By using the cryptocurrency bitcoin, the Spain-based Innovation and Entrepreneurship Business School (IEBS) will offer fixed rate tuition fees to all its online students
The Innovation and Entrepreneurship Business School (IEBS) in Spain has become the first digital business school—offering online-only courses—in the world to accept Bitcoin as payment for tuition fees.Covering its online master’s and postgraduate courses, the school will now be able to offer a fixed rate to its wide array of international students without having to worry about international exchange rates.
“Cryptocurrencies are a fundamental part of the school’s strategy to change the means of payment and offer alternatives to currency exchange,” said Óscar Fuente, CEO of IEBS.
IEBS’s decision reflects the fact that, despite the dramatic fluctuations in value that have come to characterize Bitcoin, the (in)famous cryptocurrency is having a profound effect on the business school world.
Berlin’s European School of Management and Technology (ESMT) was the first German university to accept payment for tuition fees using Bitcoin. ESMT cite the digital currency’s immediacy and ease of transfer as a reason for their choice, as Bitcoin transactions are typically cleared in around 10 minutes, compared to potentially weeks or months for credit card payments.
Other schools to accept tuition fees paid using Bitcoin include the Red & Yellow Creative School of Business in South Africa, and King’s College in New York—Varna University of Management (VUM) in Bulgaria is another cryptocurrency convert, awarding a number of students scholarships in Bitcoin.
The exponential increase in interest in Bitcoin also means that business schools the world over are scrambling to keep their students abreast of the latest cryptocurrency developments—individual modules dedicated to the technology have become an intrinsic part of many b-school curricula.
The University of Alcalá has a Master’s course dedicated to the cryptocurrency Ethereum, intelligent contracts, and the economy of the cryptoecosystem. Other schools to lecture on cryptocurrency and the evolution of fintech include Cambridge Judge Business School, and New York University’s Stern School of Business.
Duke University’s Fuqua School of Business has been running an Innovation and Cryptoventures course since 2014, as professor Cam Harvey leads students through the wacky world of Bitcoin and beyond—students take classes in Bitcoin Myths and Facts, Cryptofinance, and Blockchain Innovation.
For cryptocurrency’s proponents, bitcoin and cryptocurrencies like it herald a new age of finance; its detractors insist that cryptocurrencies are a hive of speculation and exist in a dangerous bubble.
But despite the controversy attached to them, business schools worldwide are taking notice of cryptocurrency’s potential, both in the classroom and the finance office.
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whirlwind of growth and change
An amazing 2 years, with covid and everything else happening Duke has been a place of growth for me. The courses , classes were one of a kind, online and on campus. But the valuable lessons learned in the classes are irreplicable. The students are amazing here, so much diversity , I had no problem fitting in. The teachers are down right brilliant and so helpful. Don't be afraid to ask them anything. Graduated with my MBA with Duke and now my future awaits.
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Graduated with an MBA. The classes were very insightful and engaging. The staff are very easy to deal with. The teachers and students, are truly amazing people. Grateful to all the people I've met along the way at Duke. I've learnt a great deal that will help me in my future endeavors. The campus itself is a marvel, it is beautiful.
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I graduated with a masters degree in Religious Studies from Duke University. One thing I really liked about the university is its huge campus. It is spread in a large area with a lot of greenery and also have the facilities of reading rooms for single person also. My department building was very well taken care of. The library is immensely populated with books for all your needs. The faculty is very nice to students. The classes are equipped with latest technology to cater the needs of students. The University also provides room rentals for international students. They are very well maintained and priority is given to the International students for a comfortable stay there. There are weekly events conducted by the University as well as Student clubs for the entertainment of students. Anybody can take part in them and show their talents. I enjoyed my degree and I graduated in 2021 and was very happy that I had graduated from a reputed University.
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Duke University is renowned for its rigorous academic programs and vibrant campus life. The university offers a diverse range of majors and research opportunities, supported by world-class faculty.
What I particularly liked about Duke was its strong sense of community and the wealth of extracurricular activities available to students. The campus is beautiful, with top-notch facilities and a supportive atmosphere that fosters both personal and academic growth.
Overall, I would highly recommend Duke University for its excellent educational offerings and strong alumni network. If you're looking for a place that challenges you academically while offering numerous opportunities for personal development, Duke is an excellent choice.
