Quincy University, a private university in Illinois, USA, cryptocurrencies announced that it would accept donations.
US Quincy University to Accept 32 Cryptocurrencies, Including Dogecoin and Shiba Inu
The university will accept donations sent in 32 cryptocurrencies in total. Among the cryptocurrencies to be accepted bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tron (TRX), wither (LEFT), polygon (MATIC), dogecoin (DOGE) and shiba inu (SHIB) are available as alternatives. Besides, among USDT, BUSD and of USDC Many stablecoins, including the university, are among the cryptos accepted by the university.
University official Matt Bergman highlighted the rapid growth experienced by the cryptocurrency industry in his statements and stated that he does not think this growth will end “any time”:
“Quincy University has always sought to facilitate donors to support its students and our initiatives.”
There will also be no tax deductions from potential crypto donations, as donations sent to Quincy University are tax-exempt.
Multiple US Universities Start Accepting Crypto Assets Donations
Puget Sound University became the first American university to accept crypto donations in 2014. One of the alumni of the university donated 14.5 Bitcoins to the institution. With the price of BTC at that time, this corresponded to approximately $ 10,000. The payment transaction at that time was made through BitPay.
Since this date, the number of universities that accept cryptocurrencies has also increased very rapidly. Wharton University made it possible for Blockchain program participants to pay their tuition fees in Bitcoin.