Oct. 1, 2014
THE FLATS – Georgia Institute of Technology will be the first university in the world to integrate bitcoin payments into its stadium concession sales and campus card declining balance account program, 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. In addition the BuzzCard Center, located in Technology Square, will be home to a Bitcoin-enabled point purchase terminal, which will allow for declining balance account deposits using bitcoin as a method of payment. BuzzCard holders, who chose to 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 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.
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.
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