Mark Cuban is known to indulge not only in the crypto market but exploring the possibility of decentralization to its maximum extent. When the idea of cryptocurrencies was fairly new, Mark Cuban was one of the brave investors who took the initiative and adopted crypto. Even before Elon Musk, Mark Cuban managed to adopt Dogecoin for his basketball team, which fans can use to buy merchandise and match tickets. He is known to take the initiative while others are dragging on the consequences that will persist, and for Mark, it is almost an itch that needs to be scratched at all costs when it comes to exploring DeFi space.
Recently Mark Cuban has partnered up with the soda manufacturing company Dr. Pepper and will be offering Bitcoin in terms of college grants to applicable students. A pool of students took part and submitted applications to compete for the Bitcoin grant money, and two candidates, Jill B from UC Berkeley for business major and Kaitlyn O from Boston University, a computer science major, were selected. The results were unveiled in the latest press release from Dr. Pepper. Now between the two, a live coin toss will take place, which is exactly what it sounds like.
Crypto Adoption and Education
This live coin toss where a coin will be flipped and one would have to call heads while the other one would have to settle for tails is scheduled to take place this Saturday. The winner of the live coin toss will have $23K worth of Bitcoin to support their education and pay for their tuition. Crypto adoption is not only limited to E-commerce businesses and financial institutions but is slowly becoming more apparent and involved in the education sector too.
The institute of executive education operating at the Wharton University of Pennsylvania recently announced a partnership with a crypto exchange, Coinbase, which would allow the students to be able to pay for a blockchain-oriented curriculum with Bitcoin, Ether as well as USD coin, which is a stablecoin. This might become an ongoing thing, and educational sectors around the globe might adopt blockchain technology for the sake of empowering not only teachers but students and crypto as a mode of payment and helping those in need to support their tuition fees and shape their future.