Representatives of the educational institution explained that they made a decision on the numerous requests of parents of both local and foreign students. The initiative to use the first cryptocurrency complies with the principles of independent thinking and creative innovation accepted at school, Lomond’s leadership explained.
The school does not intend to store bitcoins, they will be converted into pounds of sterling to “reduce currency risk”. The educational institution does not plan to accept other digital assets for payment.
The cost of studying at a school, where students from three to 18 years are accepted, is $ 49,700 or 0.58 BTC per year.
Earlier, the Fidelity Investments management company introduced its customers an individual pension plan (IRA) with the opportunity to invest in bitcoin, broadcast and Litecoin.
Source: Bits
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