Simon Fraser University is the first Canadian post-secondary institution to accept Bitcoin for the purchase of textbooks, and to install automated Bitcoin vending machines (AVMs) campus wide. The new announcement comes shortly after the institution began accepting bitcoin as donation.
Bookstores at each of SFU’s three campuses in Vancouver, Burnaby, and Surrey, will now accept Bitcoin for the payment of retail transactions, and AVMs will be installed in these locations, allowing the public to purchase the virtual currency.
“It is our mission to challenge and engage students and provide them with learning opportunities not only inside the classroom but also outside,” says Mark McLaughlin, SFU’s executive director of ancillary services. “SFU has one of North America’s most prominent Bitcoin student clubs and they have asked us to help introduce Bitcoin to the SFU community. As a university focused on innovation, we want to provide our students the opportunity to try digital currencies like Bitcoin through AVMs and within the bookstore and other retail locations on campus.”
The bookstores will begin to accept Bitcoin as a form of payment starting May 26. BitSent, a Canadian company, is providing the AVMs.