Simon Fraser University in Vancouver BC has officially begun accepting donations in Bitcoin.
The university’s Bitcoin community, the Simon Fraser Bitcoin Club, announced the details yesterday on their website.
The club managed to raise $6,000 CAD in the first round of donations with the help of Scott Nelson, cofounder of crowdfunding platform Dana.io and Simon Fraser University alumnus.
What Are They Doing With The Bitcoins?
Simon Fraser University plans on funding a project called Destiny Reflection, designed to help vulnerable women in Kolkata, India, find livelihood opportunities.
The university will be sending two health science students, Lauren Shandley and Laurie Macpherson, to Kolkata in order to engage the community on the subject of Bitcoin.
What’s left over the university plans on holding on to, rather than converting it into Canadian dollars.
University and Bitcoin
Simon Fraser University is the first Canadian university to accept Bitcoin donations, though they’re far from the first university to make Bitcoin headlines.
Back in April, the University of Nicosia in Cyprus introduced an online course, “Introduction to Digital Currencies”, to which users can register for free.
On top of that, a number of research studies on the cryptocurrency world have come out of universities, including one on how the Silk Road may have actually reduced the amount of drug-related violence.
And of course, there’s the MIT project, which plans on bringing $100 in Bitcoin to every student at MIT.
Universities are the breeding grounds for the future of most industries and economies, and Bitcoin is no different. As the visibility of Bitcoin continues to grow among university campuses, more and more young people will become excited about Bitcoin and what it has to offer.
And that, of course, is actually good news.
This Canadian University Just Started Accepting Bitcoin
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