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King's Is First U.S. College to Accept Bitcoin

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King's Is First U.S. College to Accept Bitcoin

June 13, 2014 - 9:27am Tyler Vawser

"Allowing Bitcoin to be used to pay for a King’s education decreases our costs while simultaneously allowing our students to be a part of this exciting new technology"

The King's College (tkc.edu) in New York City announced today that it has signed with New York’s Coin.co to become the first accredited college in the United States to accept Bitcoin for tuition, other expenses, and donations. As the first institution of its kind to make this move and accept digital currency, The King’s College will signal to other institutions that Bitcoin acceptance is not simply for technology companies. Much like the first universities or businesses to obtain email addresses, The King's College is standing at the forefront of change.

"The King’s College seeks to transform society by preparing students for careers in which they help to shape and eventually to lead strategic public and private institutions. Allowing Bitcoin to be used to pay for a King’s education decreases our costs while simultaneously allowing our students to be a part of this exciting new technology," said Dr. Gregory Alan Thornbury, President of The King’s College.

Coin.co CEO Brendan Diaz added, "Over the past year, the Coin.co team has led the effort to enable U.S. colleges, universities and other major institutions to accept Bitcoin without incurring any currency risk. Coin.co is proud to be working with The King’s College, and to be a part of pioneering the use of Bitcoin for education."

Bitcoin is a decentralized digital currency that uses peer-to-peer technology to manage and track transactions, issue currency, and enforce security with robust cryptographic procedures.

Located in Lower Manhattan blocks from Wall Street, The King’s College was founded in 1938 in Belmar, New Jersey, by Dr. Percy Crawford to provide a challenging liberal arts education; a deep, meaningful understanding of biblical faith; and to prepare students to take their education and understanding into the world and its strategic institutions. The King's College stands firmly rooted in the great tradition of the animating ideals of Western Civilization, yet fully engaged in the debates regarding the future of our society. For more than 75 years, the College has produced graduates who lead and bring real change to strategic public and private institutions around the world.

Coin.co is a New York-based merchant processor that enables merchants to reap the benefits of the emerging digital currency market without having to deal with the actual accounting or processing of virtual currency. Coin.co merchants accept Bitcoin, yet receive US Dollars.

To learn more about Bitcoin click here for a helpful infographic.