The post UK School To Accept Bitcoin Payments Amid Soaring Global BTC Adoption appeared on BitcoinEthereumNews.com.

In a surprising development, Lomond became the first UK school to accept Bitcoin payments. Amidst the growing acceptance and adoption of BTC, Lomond School has joined a list of institutions embracing crypto payments. Effective from the autumn term in 2025, Lomond School will accept Bitcoin from its two FCA-approved Bitcoin providers. This development comes amid the growing trend of Bitcoin adoption and the changing regulatory environment. Let’s unveil the UK school’s strategies and the European country’s crypto initiatives. UK School Accepts Bitcoin Payment, Know More In collaboration with BTC providers CoinCorner and Musquet, UK’s Lomond School has begun to accept Bitcoin payments for school fees. The school will build an asset reserve from the Bitcoin payments, initially converting them into GBP. Bitcoin Magazine unveiled this critical development via its recent X thread. The post read, “Lomond School became the first UK school to accept Bitcoin for payments. They will “look to build a Bitcoin reserve.” Significantly, Lomond School’s strategic move comes in response to the growing demand from international education agents and parent for alternative payment options. UK’s Crypto Initiatives: A Closer Look Europe has been at the forefront of crypto initiatives and regulations. Recently, Patrick Hansen, the Director, EU Strategy and Policy Advisor at Circle, revealed Europe’s lead in crypto banking. He cited, “Europe is leading the world in terms of crypto-friendly banks.” Currently, the continent boasts more than 50 banks that offer digital asset services. The UK school’s Bitcoin payments aligns with the country’s broader vision of crypto establishment. Europe’s growing enthusiasm on crypto is evident in the latest developments including Mastercard-Kraken collaboration. Mastercard Partners Kraken Mastercard and Kraken entered into a partnership to enable Bitcoin and crypto payments across the UK and Europe. Scott Abrahams, Executive Vice President of Global Partnerships at Mastercard, stated, “Mastercard is committed…

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Filed under: News - @ April 12, 2025 12:28 am