A South African business school, Red & Yellow, will accept bitcoin as payment for its degrees, advanced diplomas, certificates and online courses.
Red & Yellow, which has been in business since 1994, has campuses in both Cape Town and Johannesburg.
“The world is changing rapidly, as are our students and it’s our responsibility to ensure we are serving their future focussed needs,” says Rob Stokes, chairman of Red & Yellow and founder of digital agency pioneer Quirk. “The reality is that bitcoin is here to stay and with many youngsters having made a good return on their investment in cryptocurrencies, they now want to use this digital cash to invest in their education, as future leaders.
“With creative thinking being the most important business skill of the 21st century, Red & Yellow believes that the most successful professionals will be those who are logical business thinkers who understand human behaviour and can use the magic of creative thinking to grow the organisations of which they are a part, with many going on to become global business leaders.:”
Professor John Simpson, former head of management studies at UCT, agrees. “Not only will this make our offerings more accessible to the public – individuals and organisations – but it will set us apart on an international scale, regardless of the market.”