Utel University, a top online university in Latin America, has partnered with Bitso, a renowned Mexican crypto exchange to enable students to pay their tuition in Bitcoin, Shiba Inu (SHIB), and 32 other cryptocurrencies. Utel is now among the first universities in Latin America to adopt the crypto payments method.
To enrich students’ experience, Utel university has sealed a timely alliance with Bitso. This development between the Mexico-based academic institution and the crypto payments services provider was announced in a recent Twitter update.
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Courtesy of this strategic partnership, the Mexico-based Utel university now supports the payment of tuition fees using 34 cryptocurrencies, with Shiba Inu as one of them.
Reportedly, Utel enabled tuition payments with cryptocurrencies on July 14. Students are expected to use the platform provided by the University (called SIU) to initiate their payments.
Bitso is a platform that facilitates crypto payments and it currently supports 34 digital assets. Some leading cryptocurrencies supported by Bitso include Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Ripple (XRP), Shiba Inu (SHIB), etc. To note, the popular meme token, SHIB, was listed on the platform in January 2022.
Students of the Utel university can now pay their tuition fees via Bitso using any of the supported digital currencies.
Meanwhile, Utel university is a worldwide digital institute that combines technology with education to provide innovative, affordable world-class learning experiences in a fully-online environment. Interestingly, Utel university is academically equivalent to those in the United States.
The University serves students in more than 60 countries across 5 continents, helping them earn their Bachelor’s, Master’s, or Doctorate degrees. Most of its students are from the United States, Mexico, Peru, Panama, Chile, Ecuador, and Colombia.
Related: Dubai School Announces Plan to Accept Tuition Payment in Bitcoin (BTC) and Ethereum (ETH)
Rafael Martínez, Director of Institutional Liaison at Utel said; “At Utel we envision the next scenario of technology applied to finance; the blockchain is a reality and is a trend that is gaining more and more value.”
“For a 100% online university, transparency, as well as taking advantage of technology to improve processes, is something vital, and we are sure that we will be able to make our students and other communities aware of this new way of looking at finances and can take advantage of them to his personal life, knowing his full potential”, he added.
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