Scottish school to accept Bitcoin for tuition payments
Aiming to prepare students for the future, Lomond School will integrate Bitcoin payments and economic education.
Lomond School in Scotland will become the first UK educational institution to accept Bitcoin for tuition, beginning in the autumn term of 2025. The school aims to prepare students for a changing financial world by integrating Bitcoin into operations and education.
The initiative is part of a broader push to teach ‘sound money principles’ based on the Austrian School of Economics. Bitcoin payments will be converted to fiat for now, though Lomond may hold BTC reserves in the future. Other cryptocurrencies will not be accepted at this time.
Globally, educational institutions are increasingly adopting Bitcoin. The University of Wyoming recently launched a Bitcoin Research Institute, and the University of Austin has allocated a portion of its endowment to BTC.
In the US, 41 Bitcoin reserve bills are active across 26 states, with Kentucky, Oklahoma, and Missouri leading efforts to establish state-level Bitcoin reserves.
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