Simon Fraser University considering accepting Bitcoin, installing ATMs

Simon Fraser University may soon be Canada’s version of MIT, at least when it comes to Bitcoin. The university has three

Simon Fraser University may soon be Canada’s version of MIT, at least when it comes to Bitcoin.

The university has three branches in the Vancouver and with over 30,000 students, is considered one of the country’s leading institutions of higher education. It is the only Canadian university to compete in NCAA.

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They are working on embracing Bitcoin starting this fall, accepting it for payment and installing Bitcoin ATMs in its bookstores. Mark McLaughlin, SFU’s executive director of ancillary services, confirmed that the university is evaluating the feasibility of Bitcoin. A pilot project can include dining services. He said:

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“It would be about creating somewhat of an ecosystem on our campus. It’s one thing to accept Bitcoin. If there were some ATMs around the campuses, at least it’d make it easier for students to obtain Bitcoin.”

The university will also be hosting a 3-day Bitcoin expo, featuring speakers and exhibitors, on its Vancouver campus this fall. He added, “Digital currencies are definitely here to stay…We recognize that. Other institutions maybe aren’t up to speed yet on digital currencies.”

However, he is fairly sure that there are no plans in the works to accept Bitcoin for tuition payments.

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