A South African business school, Red & Yellow, has announced that it will be accepting Bitcoin payments for all degrees, advanced diplomas, certificates and online courses that it offers. Red & Yellow has campuses in both Johannesburg and Cape Town and has been in operation since 1994.
The Red & Yellow business school offers various courses covering Management Studies, Marketing, Human Studies and Creative Production.
“The world is changing rapidly, as are our students and it’s our responsibility to ensure we are serving their future focussed needs. 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” said Rob Stokes, Chairman at Red & Yellow.
The South African business school also engages with businesses through its Executive Education division to help tailor courses for their employees.
“Not only will this make our offerings more accessible to the public - individuals and organizations - but it will set us apart on an international scale, regardless of the market. We are very fortunate in being a private institution able to innovate like this, it’s an important part of why I joined Red & Yellow," said Prof. John Simpson, Head of Management Studies at Red & Yellow.
Red & Yellow main differentiator as a business school is that it prepares students for careers in the digital industry and how the digital future weaves into their careers.
This will be welcome announcement especially in the Bitcoin community in South Africa and Afrika at large as it proves the real world use of Bitcoin and increases the number of places that accept Bitcoin payments. Whether people will pay in Bitcoins is another different discussion given how Bitcoin transaction fees have in some cases increased from approximately $0.05 to over $30 currently for the same type of transaction barely 6 months ago.