Lomond School becomes the first U.K school to accept Bitcoin payments

The Lomond school declares that parents can pay tuition fees in Bitcoin from fall, in a historic decision that makes it the first school in the United Kingdom to accept Bitcoin payments.

According to a report On the independent school management site, boarding school co-education has become the first school in the United Kingdom to accept Bitcoin (BTC) for tuition fees. Located in the Scottish city of Helensburgh, the school offers education to students from three to 18 years old.

In order to make BTC an acceptable payment option, Lomond School has teamed up with the Bitcoin Musqet payment provider and the FCA– Virtual active service regulated and Fiat portfolio Coïns.

Initially, the school said that it would convert all Bitcoin payments directly into British sterling books to mitigate the risks of currency. However, he also declared that he was trying to build a reserve of Bitcoin assets in the near future, once Crypto has acquired broader acceptance United Kingdom.

Lomond school director Claire Chisholm announced the decision of the National Bitcoin, Cheatcode conference. In her speech, she explained that the school was a pioneer in many “first” because it was the first boarding school to house boys and girls and kissed the international baccalaureate program.

“For generations, this school has fueled investigators, thinkers, communicators and open risk takers. It is really not surprising that the inventor of television, John Logie Baird, or a former student,” said Chisholm.

At the time of the press, Bitcoin is currently estimated at around $ 82,117, which increased by 0.42% in the last 24 hours of negotiation. During last week, the largest cryptocurrency by market capitalization fell 0.7%. At the start of the year, the BTC reached a new All high times at $ 108,786.

According to the report, the Lomond school hopes that the new Bitcoin payment option will appeal to families, both on the local and international market. Several local families and international education officers would have been pressure for Bitcoin as an alternative payment option in Lomond.

For international families in particular, the capacity to pay tuition fees in Bitcoin helps to remove the uncertainty that supports international exchange rates. The school hopes that the new initiative will attract more avant-garde families locally as well as those around the world.

Earlier this year, India Birla Institute of Management Technology spear His first cryptocurrency for use on campus. Nicknamed Bimcoin, the token facilitates transactions between students, sellers and administrators. It also serves as a practical tool for students to explore the use of blockchain and digital finance.