Canadian University – It was seemingly a great idea on paper that CUD was interested in collecting tuition and course fees in cryptocurrencies from both domestic and international students. But, as soon as the initiative went live, a technical roadblock caused a lot of inconvenience for students and staff.
The plan was to allow students and staff to pay for tuition and course fees with Bitcoin, Ethereum, and Binance Coin. But, due to a technical issue, only Bitcoin transactions were processed. This caused a lot of confusion and frustration among students and staff.
Although the idea was good in theory, the execution was poor. Hopefully, Canada CUD will be able to resolve the technical issues and allow students and staff to pay for tuition and course fees with other cryptocurrencies.
CUD, a private university in Dubai, has partnered with Binance to allow students to pay their tuition and course fees in cryptocurrencies. This initiative will allow students from varied backgrounds easy access to the Canadian curriculum in Dubai.
CUD, a private university in Dubai, is considering allowing students to pay their tuition and course fees in cryptocurrencies. This would make it easier for students from all backgrounds to access the Canadian curriculum in Dubai.
Binance Pay, a payment gateway service launched by crypto exchange Binance, allows businesses to accept payments in cryptocurrencies. According to the university’s initial announcement.
Binance Pay is a cryptocurrency platform that supports over 200 different digital currencies, including Bitcoin, Dogecoin, and Ether. The platform charges zero fees for transactions, and on Feb. 7, Binance hosted a cryptocurrency workshop and information session for CUD students. During the workshop, students were taught about blockchain and crypto fundamentals, Web3, and the metaverse.
Canadian University Dubai (CUD) is home to over 1800 domestic and international students — enrolled in one of the 25 undergraduate and six graduate programs — who pay a yearly tuition fee of $18,000.
CUD has not yet responded to Cointelegraph’s request for comment.
On Feb. 7, when Binance was eyeing a partnership with CUD, Dubai released crypto regulations for virtual asset service providers (VASPs). The Virtual Asset Regulatory Authority issued its Full Market Product Regulations.
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