The crypto industry took more than a decade to go from being associated with the dark web to being widely accepted. Over the past couple of months, the crypto-verse witnessed the arrival of several mainstream platforms. Despite this, many officials across the globe continue to be skeptical about digital assets. Nevertheless, the digital asset industry has been making it huge in various industries and it was seen making its way into the education system.
In a recent announcement, it was revealed that a prominent Romanian University would support the asset Elrond [EGLD] to facilitate the payment of admission fees.
Crypto Finds Its Way Into The Education System
With the market cap of crypto trying to hit $2.5 trillion, the interest in the industry seems to be elevated accordingly. Embracing crypto, a Romanian university, Lucian Blaga University of Sibiu revealed that it now allows its students to pay for admission fees in the cryptocurrency Elrond.
Sorin Radu from the University spoke about the same and said,
“Our university has been and will continue to be a supporter of the community and local business, and the decision to develop this partnership with Elrond is part of this strategy.”
The University reportedly hoards over 11,000 students and with the tuition fee for undergraduates at $1,000 per year, students were given the option of paying given the option paying this with crypto. The Lucian Blaga University would further convert these assets into the Romanian leu.
Furthermore, the Elrond network had reportedly set up several offices in Transylvania.
Additionally, Elrond [EGLD] seemed to have garnered significant gains throughout the last seven days. The altcoin recorded a surge of 30.25% in the last week, however, during the time of writing, the altcoin was witnessing a drop of $2.71% over the last 24-hours. The altcoin was trading for $216.38 while it occupied the thirty-eighth position on CoinMarketCap. The latest news could further aid in the growth of the altcoin.