Mainstream adoption of cryptocurrencies is growing with each passing day, and the latest organization to hop onto the crypto bandwagon is the Wharton School.

What Happened: University of Pennsylvania Wharton School's The Aresty Institute of Executive Education announced it will allow participants in a new online program, "Economics of Blockchain and Digital Assets," to pay tuition in cryptocurrencies, including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETC) and USD Coin (CRYPTO: USDC).

Wharton becomes the first Ivy League institution or U.S. business school to accept payment in crypto.

The crypto payment will be accepted through the cryptocurrency exchange Coinbase Global Inc (NASDAQ:COIN).

The blockchain program is developed in partnership with blockchain economic consulting firm Prysm Group. It is a six-week Wharton certificate program designed for business and technology professionals seeking to learn about blockchain and digital assets.

Related Link: Bitcoin Hits New All-Time High Above $65,000 Level

Why It's Important: The online blockchain program is due to start in January and will cost $3,800, Bloomberg reported. Several thousands of students are expected to enroll in the program every year, the article added.

The Wharton School's announcement comes at a time when several universities have begun experimenting with cryptos.

Incidentally, Tesla Inc (NASDAQ:TSLA) CEO Elon Musk, a crypto backer, is an illustrious alumnus of UPenn. He graduated from the university in 1997 with a Bachelor of Science degree in economics and a Bachelor of Arts degree in physics.

Musk-run Tesla announced earlier this year that it will hold some of its reserves in Bitcoin. The Tesla chief is also known for supporting altcoins such as Doge (CRYPTO: DOGE) through his tweets.

At last check Thursday afternoon, Bitcoin was trading up 2.94% at $60,214.83, Ethereum was up 5.89% to $4,211.44.05 and Coinbase was up 1.64% to $316.66.

Related Link: How to Buy Bitcoin (BTC)

Image by Miloslav Hamřík from Pixabay