Georgia Tech and BitPay Announce Bitcoin Integration for Stadium and Student BuzzCards
| Updated
by Egor Pavlovich · 3 min read
The Georgia Institute of Technology, also known as Georgia Tech, is one of the nation’s leading research universities, providing a focused, technologically based education to more than 21,500 undergraduate and graduate students. Photo: Georgia Institute of Technology
Georgia Institute of Technology will be the first university in the world to integrate bitcoin payments into its stadium concession sales and student dining and shopping credit system by means of BitPay.
ATLANTA, GA – OCTOBER 1, 2014 — Georgia Institute of Technology will be the first university in the world to integrate bitcoin payments into its stadium concession sales and student dining and shopping credit system, announced Wednesday by BitPay, the world’s leading bitcoin payment processor.
Bitcoin point of sale devices will be located in the student section of Bobby Dodd Stadium, and the Barnes & Noble store in Tech Square will be home to a bitcoin-enabled point purchase terminal for student credit BuzzCards. Students who use bitcoin will now be able to purchase food and goods at almost all locations on the Tech campus.
Georgia Tech was founded in 1885 and remains one of the most prestigious public universities in the United States. The university has contributed a great deal of research as well as many notable graduates to the field of applied technology over the years.
It continues to engage itself with technological progress through its leading role in university adoption of bitcoin through an innovative deal brokered by IMG, the university’s multimedia rights partner.
As the “key to campus life” on Georgia Tech, the BuzzCard will be an important interface for student bitcoin use. Yellow Jackets fans will also be able to easily and quickly purchase snacks and drinks at Bobby Dodd Stadium with the world’s fastest payment method.
These new bitcoin venues, along with bitcoin wallet provider Pheeva’s announcement of a unique “Jacketwallet” for Georgia Tech, hold promise for the role which digital currency may come to play in student life.
“We look forward to working with BitPay to make bitcoin a viable payment option for our students and fans,” Georgia Tech AD Mike Bobinski said. “At Georgia Tech, we are always looking to lead in innovative ways, and this partnership with BitPay gives us an opportunity to do so by integrating this new technology at a sports venue and in the daily lives of our students.
“Georgia Tech is one of the best sources of innovation in the country,” said Tony Gallippi, BitPay Executive Chairman and Georgia Tech alumnus. “BitPay is proud to offer its own innovative bitcoin payment processing to the university and its students.”
In July, BitPay announced a breakthrough partnership with the Georgia Tech Athletic Association. The sponsorship is designed to build awareness to bitcoin by displaying BitPay’s logo along with the bitcoin symbol in Bobby Dodd Stadium and the McCamish Pavilion through the 2014-2015 school year.
About BitPay
BitPay is the global leader in bitcoin payment acceptance with offices throughout North America, Europe, and South America. The company has raised over $32 million from top investors including Index Ventures, Founders Fund, and Sir Richard Branson.
About Georgia Tech
The Georgia Institute of Technology, also known as Georgia Tech, is one of the nation’s leading research universities, providing a focused, technologically based education to more than 21,500 undergraduate and graduate students.
Georgia Tech has many nationally recognized programs, all top-ranked by peers and publications alike, and is ranked in the nation’s top 10 public universities by U.S. News and World Report.
As a leading technological university, Georgia Tech has more than 100 centers focused on interdisciplinary research that consistently contribute vital research and innovation to American government, industry, and business.
Egor Pavlovich is CTO of Coinspeaker and a major bitcoin enthusiast. Egor is a specialist in radiophysics and is a keen follower of new and disruptive technologies – from the first moment he discovered bitcoin he knew immediately it was something special. After beginning a bitcoin mining operation he combined forces with Siarhei in 2014 to build professional provider of news for the cryptocurrency/blockchain community. His roles at the site include monitoring analytics, handling the site’s public relations campaigns, overseeing the editorial content in an executive capacity as well as dealing with advertisers and sponsors. You can contact Egor via [email protected]
The latest move has been lauded as a vital one for the ApeCoin project as it will provide it with significant exposure in the mainstream. The digital coin at press time was trading at $7.20, up over 11% in the past 24 hours.
