Canadian University Dubai begins acceptance of students to pay their fees with cryptocurrencies

Canadian University Dubai begins acceptance of Crypto Payments from Students, according to information gathered by myschoolnews, Binance to Aid Canadian University Dubai in Accepting university’s existing as well as prospective students to pay their fees with cryptocurrencies. 

Dubai has been driving cryptocurrency adoption. Throughout 2022, in the midst of a bear market, several Middle Eastern regions were seen embracing the digital asset sector. As Dubai thrives to be the crypto capital of the globe, a university in the region was aiding this move alongside Binance.

According to a recent tweet, Binance is reportedly working with Canadian University Dubai to boost cryptocurrency adoption. The exchange revealed that it now allows the university’s existing as well as prospective students to pay their fees with cryptocurrencies. The Canadian University Dubai will employ Binance Pay as a payment gateway.

“CUD is now accepting Crypto as a payment method! Canadian University Dubai (CUD), in collaboration with @binance, have adapted to the transforming digital payment space. Binance Pay is a contactless, borderless, and secure #cryptocurrency payment technology.”

Additionally, on Wednesday, the world’s largest cryptocurrency exchange visited the Canadian University Dubai. This was part of the Binance University Tour.

This isn’t the first time that the exchange was veering into the education sector. The firm has been actively funding Web 3.0 and blockchain literacy initiatives.

In order to provide students with the chance of garnering free Web 3.0 education, Binance Charity gave about $2.2 million in BUSD to projects in France, Senegal, Nigeria, Australia, Germany, Cyprus, Ukraine, South Africa, and Brazil in 2022. Furthermore, to provide Web 3.0 materials for these courses, Binance Academy has been collaborating with Binance Charity as well as other vocational universities.

Source:watcher