A university in Cyprus, Nicosia University, is now accepting Bitcoins as payments for anything. The university also launched a course program on digital currencies, and stated that they wanted to make Cyprus a Bitcoin trading hub in Mediterranean.
In case you were living in a cave, Bitcoin is the online digital crypto-currency which has been booming lately. In around 6 months, its value skyrocketed to ~$600 from $60. Bitcoin is an online, distributed, p2p crypto currency which cannot be controlled by any single entity, government or country. This is adding to the popularization of Bitcoin.