Cyprus University Accepts Bitcoin

With Cyprus still recovering after needing a bailout from the European Union, its largest university, the University of Nicosia, will now accept the digital currency Bitcoin as payment for tuition as well as other fees. It will also begin to offer a master's degree in digital currency. "While digital currency is a relatively new concept, currency is one of the oldest human inventions," Andreas Polemitis, senior vice rector at the university, said in a statement. The university will also encourage its government to turn the country into a Bitcoin hub.