Lomond School becomes the first U.K school to accept Bitcoin payments
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Lomond School declares parents can pay tuition fees in Bitcoin starting from Autumn, in a landmark move that makes it the first school in the U.K to accept Bitcoin payments. According to a report on the Independent School Management site, the co-educational boarding school has become the first school in the U.K. to accept Bitcoin (BTC) for tuition fees. Located in the Scottish town of Helensburgh, the school provides education for students aged three until 18 years old. In order to make BTC an acceptable payment option, Lomond School has partnered with Bitcoin payment provider Musqet and the FCA-regulated virtual asset service and fiat wallet CoinCorner. Initially, the school stated that it will convert all Bitcoin payments directly into British pound sterling to mitigate any currency risks. However, it also said that it is looking to build a Bitcoin asset reserve in the near future, once crypto has gained a broader acceptance in the U.K. Lomond School principal Claire Chisholm announced the decision at the national Bitcoin conference, Cheatcode. In her speech, she explained that the school has been a trailblazer in many “firsts” as it was the first boarding school to house both boys and girls and embraced the International Baccalaureate curriculum. “For generations, this school has nurtured inquirers, thinkers, communicators, and open-minded risk-takers. It’s really no surprise then that the inventor of the television, John Logie Baird, is a former pupil,” said Chisholm. Price chart for Bitcoin, the latest payment option alternative for Lomond School in the U.K, April 11, 2025 | Source: crypto.news At press time, Bitcoin is currently valued at around $82,117, having gone up by 0.42% in the past 24 hours of trading. In the past week, the largest cryptocurrency by market cap has gone down by 0.7%. At the beginning of the year, BTC…
Filed under: News - @ April 11, 2025 10:15 pm