Lomond School, a private boarding school in Helensburgh, Scotland, has announced that starting in autumn 2025, it will be the first in the UK to accept tuition payments in Bitcoin. The decision was made after numerous requests from parents who wish to use cryptocurrency. According to the administration, this aligns with the spirit of 'independent thinking and innovation', although other cryptocurrencies, such as Ethereum, will not be accepted.
The cost of tuition at Lomond School is up to £14,850 per year for day students and £36,750 for boarding. Payments in Bitcoin will be converted at the market rate at the time of the transaction. The school will collaborate with a payment platform to ensure security and transparency. The administration notes that the initiative may attract international students, especially from countries where Bitcoin is actively used.
The decision sparked discussions: some see it as a step towards the future of finance, while others warn about the volatility of cryptocurrency and risks to the school's budget. Experts predict that Lomond School's example may inspire other educational institutions in the UK.
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