The University of Nicosia, a private school in Cyrpus, says it is now the first university that lets you pay tuition and other fees in bitcoin, the world’s most popular digital currency.

The 5,000-student university made the move as it seeks publicity for a new master’s program in digital currency, set to launch next spring. The program is designed to appeal to everyone from government administrators to entrepreneurs.

The program, apparently the world’s first “Master of Science Degree in Digital Currency,” covers both the technical underpinnings of systems like Bitcoin as well as how such systems will evolve and change society. “Digital currency is an inevitable technical development that will lead to significant innovation,” Christos Vlachos, the university’s chief financial officer, said in a press release.

The program’s first course, Introduction to Digital Currency, will be made available for free enrollment online. Classes at University of Nicosia are taught in English.

Bitcoin’s move into the registrar’s office underscores growing mainstream acceptance of a currency born among digital cryptography geeks. Such acceptance is no doubt made easier by the fact that bitcoin prices have generally marched upward over the past year, finally surging from $100 per bitcoin in July to more than $600 today.

Depending on price trends, and on how it converts bitcoin to Euros, the University of Nicosia could end up pocketing well north of its normal tuition (€8,190 for an international undergraduate degree) when students pay with the currency.

But the university’s goals go well beyond collecting fees. Administrators say they will come up with a plan to turn the Republic of Cyrpus into a bitcoin trading hub – the Wall Street of cryptocurrency, if you will. Even some Bitcoin experts, it seems, believe that physical locations will remain vital in the world of entirely virtual currencies.