"We focus on the primary market, and release the potential advantage of the coin circle every day, welcome the attention of the same good."
As more institutions join the asset's capabilities, Bitcoin adoption doesn't seem to have slowed down. Customer demand is growing and various institutions have been seen implementing Bitcoin payments. One of these institutions is Elon Musk's alma mater, Penn State University. Penn State is one of the most prestigious universities in the United States, producing some of the world's most illustrious figures.
The Ivy League joined the list of universities in the United States that are now educated in cryptocurrency payments. Musk attended the prestigious university from 1992 to 1997, where he earned two bachelor's degrees in physics and economics.
The Penn State University announced that it intends to accept cryptocurrencies for a course in its College of Business. The Blockchain and Digital Asset Economics course is a six-week online course. Students who complete the course will receive a certificate in partnership with prsym group, a blockchain economic consulting firm. Students can pay for blockchain course fees using a variety of cryptocurrencies, including Bitcoin, Ethereum, and USDC (DOLLAR Coin).
Penn State's move makes it the first and only Ivy League school to accept cryptocurrency payments. Although the Wharton School debuted as the only business school in the United States to accept crypto payments.
King's College became the first university in the United States to accept cryptocurrency payments when it announced in 2014 that students could use cryptocurrencies to pay for their studies. At this time, Bitcoin and cryptocurrencies were relatively new to the broader market, which made King's College an early adopter of cryptocurrencies.
ICC also took the initiative this year after ICC began allowing students to pay their tuition with Bitcoin and Ethereum.
With growing interest in Bitcoin payments, automaker Tesla appears to be reconsidering its stance on Bitcoin payments. Earlier this year, the electric car maker began accepting bitcoin payments for its vehicles. But this future was scrapped shortly thereafter, citing energy concerns about mining as the cause of the repeal.
However, a recent filing by the company suggests that the move may only be temporary after all. Tesla filed a earnings report with the U.S. Securities and Exchange Commission in October, in which it said the electric car maker could resume crypto payments in the future. "We may restart cryptocurrency ('digital assets') trading for our products and services in the future," the document said. ”
Tesla CEO Elon Musk has previously said that once it is determined that at least 50% of the energy used for mining is renewable, the car company will resume accepting bitcoin payments. To avoid government sanctions, the industry naturally leans toward renewable energy. Therefore, Tesla is likely to consider resuming Bitcoin payments in the near future.
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