Crypto currencies

Getting Familiar With Cryptocurrencies
Lucerne further details that the payment processing firm, Bitcoin Suisse AG, is facilitating the university’s bitcoin payments. Bitcoin Suisse AG is bearing the “risk of any exchange rate losses and currency fluctuations,” explains Lucerne. However, Lucerne observes the school’s students will incur a payment fee of 1 percent which is significantly lower than traditional payment rails. The Swiss university says they only expect a few students to start paying with bitcoin in the beginning, but want to get more familiar with fintech and blockchain-based concepts. Lucerne believes students who understand these subjects will likely be the first to pay with bitcoin.

“Those most likely to avail themselves of this opportunity will either be already familiar with the concept of financial services and blockchain or interested in pursuing continuing and executive education opportunities in this subject area,” Lucerne details.