A university that prides itself on innovation accepts the digital currency alongside other methods such as equity.

Draper University in San Mateo, CA has recently started accepting Bitcoins as a valid method of payment for tuition fees – plus they’ve already managed to process their first payment using the currency.

The institution is the first to accept the digital currency as a form of payment, which isn’t surprising when they tout themselves as “an unconventional world class boarding school for the brightest young entrepreneurs from around the world.” The university also accepts other non-traditional forms of payment, including barter, equity, profit sharing, and even advertising tradeouts.

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