Switzerland's Lucerne University accepts payments in bitcoin

Lucerne University of Applied Sciences and Arts accepts payments in bitcoins. The University headquartered in Lucerne, Switzerland, announced customers can pay bills in bitcoin crypto currencies and demonstrate its ability to adopt cutting edge technologies such as blockchain and provide users with practical experience.

Tinuku Switzerland's Lucerne University accepts payments in bitcoin

Lucerne University of Applied Sciences and Arts this week announced the use of blockchain to facilitate bitcoin transactions as a focus of research projects and continuing education programs for customers and academic executives on digital currency technology.

The university says the use of crypto currency as a step to demonstrate their ability to spread knowledge about future technologies such as blockchain and the desire to gain experience in everyday practical aspects.

The college, founded in 1997, said it did not trade directly in bitcoin, but contracted Bitcoin Suisse AG service to transact cryptocurrency businesses through a payment system that resembles an e-banking portal.

The scheme allows the university to accept bitcoins without actually owning them. Payments are converted to Swiss Franc once a week or every day if the 10,000 CHF limit is reached. Bitcoin Suisse AG will bear the risk of exchange losses and currency fluctuations and the final customer bears a 1% payment charge.

The scheme also allows the Lucerne University of Applied Sciences and Arts to be protected against exchange rate losses and currency fluctuations. Those who will take advantage of this opportunity in the concept of financial services and blockchain for sustainable education opportunities for executives in the field of digital currency technology.

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