Menu IconA vertical stack who accepts bitcoin payments three evenly spaced horizontal lines. Marco Ciocca: We do, we do.
As of this past summer, we made the decision to accept, at the moment, bitcoin and ethereum. Silverstein: And how did you make that decision? Ciocca: I’d been sorta following the space for a few years — just really noticed that a lot of forward thinking businesses were starting to accept it. The more I looked into it in terms of ease of payment, low fees, speed of the transactions — and I went to a couple of the conferences and spoke to some of the developers to kind of learn the upside and obviously the negatives of accepting it.
You know, it sounded like something that really fit with our philosophy at the school. And in that time, also we had probably a handful of parents who mentioned, “Hey do you accept bitcoin? Can we pay tuition in bitcoin? So all those things kind of put together led us, you know, meet as an administration and decide whether or not to do it. Silverstein: Do you use a third-party system? We have a merchant account with one of the bigger exchanges here in the US. It’s relatively simple to set up and we just send out a request, like an invoice like you would typically and they can just wire it to our wallet.