Cyprus' largest private university, the University of Nicosia, is the first in the world to use Bitcoin as an accepted method of payment for students. The University plans to offer a course in digital currency in the near future.
"As the country's financial crisis deepened last Spring, Cypriot leaders accepted a bailout deal from the EU that involved taxing almost 10 percent on deposits over €100,000 ($134,000), leading to a rush on the banks.
Some of that withdrawn money was invested in Bitcoin, with daily transactions tripling in the aftermath of the deal. The currency's value soared and has continued to be strong ever since."