There have been rumors around universities and other higher education centers around Bitcoin and payments in the world, and this instance in South Africa seems to reinforce the idea that Bitcoin is enraged in the millennial generation.
This is the first for any tertiary education center in South Africa, but not globally. A Swiss university has started the trend, but when it comes to Africa, this represents a breakthrough.
An African leap forward
African citizens fought forever against the colonial system that left them struggling to keep up, both in terms of finance and education. As the level of education continues to increase, there are developments like this with such digital currencies as mark the potential of Africans to make a leap.
The fact that digital coins do not discriminate, nor have any bias in relation to their use, makes them not only ideal for a young market, but also for those who have been defrauded by Western-style banks.
Business schools, tertiary education centers and universities are also in place to prepare students for the future and for this there is an integration of a potentially global future currency that seems to be the home in this environment.
Bitcoin, as a leader in digital currency adoption, is not only an interesting case study and a section for the study, in relation to Blockchain, but it is making its real-world impact felt by those who could be shaping the future.
“The world is changing rapidly, as are our students, and it is our responsibility to ensure that we are addressing their future-focused needs,” said Rob Stokes, president of Red & Yellow and founder of Pioneer digital agency Quirk.
Here to stay
While Wall Street and other institutionalized money investors are chanting “bubbles” whenever Bitcoin is mentioned, today’s youth think differently.
To that end, Quirk noted that this market, of students and young people who risk investing with Bitcoin for the first time, should have the opportunity to use their earnings.
“The reality is that Bitcoin is here to stay and with many young people who have made a good return on their investment in encryption, now they want to use this digital money to invest in their education as future leaders.”
Good for students, good for schools
Not only is it positive that students can pay for their education with Bitcoin, but it is good for teachers.
Young people who have perhaps never had a college fund or even money to go to college now have a direct route in which they can spend the benefits they have accrued thanks to smart investment.
Professor John Simpson, a former director of management at UCT, who now runs the same faculty of Red & Yellow, said:
“This will not only make our offerings more accessible to the public, individuals and organizations, but that will distinguish us internationally regardless of market.”
Establishing a new trend?
It seems to be developing a trend in this space that addresses what should be the largest market for encryption: people between 18 and 20 years. Those who enter university are mostly in an age group who are first attracted to cryptocurrencies, and second, a group that is shaping the future.
From one side to the other, tertiary education centers will offer their services in Bitcoin, as they have the captive market and this market is being liberated economically through digital currencies