Bitcoin has been used for different purposes including buying cars, homes etc. But what is happening now is a little different. Some Universities are now accepting Bitcoin as a tuition payment.
As an example, the university in Switzerland called The Lucerne University of Applied Sciences declared this week that Bitcoin is now accepted as a method of tuition payment. This was a gesture of their interest in the blockchain technology in general and ways to utilize this technology in particular.
Cryptocurrencies are gaining popularity at the exponential rate and would likely become an alternative to fiat currencies around the globe.