[Blockchain Today Reporter Jang Seo-yeon] Cointelegraph reported that a public university in Sibiu, Transylvania, Romania has announced that it will allow students to pay for cryptocurrency tuition.
According to an announcement by Lucian Blaga Sibiu University (LBUS) on the 7th (local time), it plans to apply the cryptocurrency payment method to more than 11,000 students from July. Students are known to be able to pay for admission. The tuition fee for undergraduate students is about $1,000 per year. The university plans to use Elrond (EGLD) to convert to Romanian Leu.
“Our university will be a supporter of our community and local business,” said Sorin Rado University’s governor. “The decision to develop a partnership with Elrond is part of this strategy.”
Starting with the first exchange service offered by Binance Launchpad in 2019, Elrond has offices in the town of Transylvania with a population of more than 400,000, including a number of local university graduates. Through this project, he said he plans to carry out another collaboration with LBUS in the future, including research.
According to the law in force in July, if a transaction provider monitoring cryptocurrency purchases using fiat currencies operates in Romania, vice versa. Most cryptocurrency users dealing with digital assets in their country are required to conduct transactions that incorporate Know Your Customer requirements and comply with domestic and international Anti-Money Laundering regulations.
As the ERD token became EGLD, Elrond went through several important changes last year, including the mainnet swap. The current EGLD price is $231, up more than 13% in the last 24 hours.
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