A Scottish boarding school has announced that it will accept the payments of school rates in the cryptocurrency bitcoin.
The Lomond School on Hensburgh, Argyll and Butte, which charges up to £ 38,000 per year, said the measure occurred after some parents’ requests.
The registration payments will be accepted in Bitcoin from the autumn period of this year, but the thesis will initially become pounds from the United Kingdom to “mitigate the risk of currencies.”
The school said that Bitcoin’s adoption aligned with his “independent thought and innovation ethos.” Other cryptocurrencies will not be accepted.
The Lomond school claims to be the first private school in the United Kingdom in accepting cryptocurrency rates payments.
The director Claire Chisholm said: “During generations, this school has nurtured researchers, thinkers, communicators and open -minded risks.
“It is really not surprising that the television inventor, John Logie Baird, is a former student.”
Lomond was founded in Helenburgh in 1977 in a fusion between the historic Larcfield School and the St school in St Bride.
Accept nursery students at age three to 18.
The school said that each Bitcoin transaction would be “safe, transparent and legal.”
He said that they would comply with the financial regulations of the United Kingdom, including money laundering and tax compliance.
Bitcoin is a guy or Digital currency that is not controlled by centralized financial institutions.
Its price increased in value in 2024, but it is extremely volatile and can increase and fall into value for buyers and vendors.