Austin University Starts Using Bitcoin, Here's The Proof!

Austin University is starting to use Bitcoin (Photo; Doc. UtexasEdu)

JAKARTA - Austin University (UATX) in Texas, United States, has taken bold steps by introducing Bitcoin endowment (eternal funds) worth 5 million US Dollars (around Rp. 81 billion).

This move is not only a change in payment methods, but also a revolution in the educational values upheld by this institution. By partnering with Unchained, a leading crypto asset platform, UATX affirms its commitment to freedom of opinion and intellectual risk taking.

The endowment fund is aimed at future inclusive and progressive education. Quoted from CoinGape, Thomas Hogan, an associate professor who will join UATX expressed his enthusiasm, "Bitcoin provides an opportunity to strengthen UATX's mission in preparing the next generation of leaders and entrepreneurs." This is a statement describing the university's vision of utilizing the latest financial technology to advance education.

The agreement between UATX and Unchained includes the purchase of $5 million worth of Bitcoin with a minimum five-year storage period, signaling a long-term investment in dynamic education. The decision also reflects university confidence in the growing growth potential of crypto assets.

Joseph Kelly, Unchained CEO, expressed his joy, I am very excited about what UATX is building in Austin. By choosing Unchained as a partner, the university recognizes what Bitcoin is: technology for freedom. This collaboration is not only about the financial aspect, but also about building a strong relationship between universities and the crypto community.

Warm welcomes came from university supporters, with many of them donating their crypto assets. UATX has managed to raise nearly 200 million US Dollars (approximately IDR 3.2 trillion), suggesting that this unconventional funding method has a place in the world that is constantly changing.

The UATX initiative confirms that crypto assets are increasingly accepted in various aspects of life, including in the education sector. With this move, Austin University not only strengthens its position as a supporter of freedom of opinion and intellectual innovation, but also has the potential to be a pioneer in the adoption of crypto assets in higher education institutions.