The University of Austin (UATX), a new private institution based in Texas, USA, is seeking to revolutionize the education sector by accepting cryptocurrency as a form of payment. The university has partnered with Unchained, a cryptocurrency platform, to introduce a $5 million Bitcoin fund for its endowment.
Texas University Creates $5M Bitcoin Fund
The Bitcoin fund will be established by the University of Austin, which is expected to enroll its first cohort of students this fall, and Unchained, a cryptocurrency firm. This partnership will assist the university in realizing its objectives of fostering free speech and promoting intellectual risk-taking with Bitcoin.
Concurrently, Thomas Hogan, an incoming associate professor at the university said, “Bitcoin provides an opportunity to strengthen UATX’s mission of preparing the next generation of leaders and entrepreneurs.”
Subsequently, the agreement between UATX and Unchained includes the purchase of $5 million in Bitcoin with a m
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