This Scottish private school will accept BITCOIN for tuition fee payments in bid to attract international students

This Scottish private school will accept BITCOIN for tuition fee payments in bid to attract international students
Lomond School says parents can pay with Bitcoin from the Autumn term in 2025
By HARVEY DORSET
Updated: 12:28 BST, 11 April 2025
A Scottish boarding school has announced that it will start accepting Bitcoin for payments of school fees.
Lomond School, located in Helensburgh in the west of Scotland, said parents will be able to pay with Bitcoin from the Autumn term this year.
The independent day and boarding school, which takes students form the age of three up to 18, will become the first in the UK to accept the cryptocurrency as a form of payment.
There are a number of institutions around the world that accept Bitcoin for tuition fees, including Wharton College of the University of Pennsylvania in the US and multiple universities in El Salvador, where Bitcoin is accepted as legal tender.
Lomond School said it will manage risk using phased implementation, conversion options and partnerships with FCA-registered providers, such as CoinCorner and Musquet.
The school said it will ensure full compliance with UK financial regulations.
Crypto accepted here: The school said Bitcoin payments were requested by both local families and international educational agents and families
While the school will initially convert payments in Bitcoin into GBP, which it says will reduce currency risk, it said it will consider building a Bitcoin asset reserve if Bitcoin 'gains broader acceptance in the UK and worldwide.'
In March, Donald Trump announced the US would launch a strategic crypto reserve, which is set to include Bitcoin.
Lomond School hopes that by accepting Bitcoin payments, it will be able to attract 'forward thinking families around the world'.
On top of attracting more students, Lomond School hopes that offering Bitcoin as a payment method will remove the foreign exchange rate uncertainty faced by parents of international students.
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The school said Bitcoin payments were requested by both local families and international educational agents and families.
Claire Chisholm, principal of Lomond School, said: 'For generations, this school has nurtured inquirers, thinkers, communicators, and open-minded risk-takers.
'We were the first boarding school in Scotland to house both boys and girls under the same roof and recently moved away from the Scottish Government's SQA curriculum and introduced the International Baccalaureate, a globally-renowned qualification favoured by universities and employers worldwide.'
Chisholm is set to make the announcement at the Cheatcode Bitcoin conference in Bedford on Friday afternoon, shortly before short-lived British Prime Minister Liz Truss takes the podium for a speech on 'Saving the West', followed by Gemini co-creators Cameron and Tyler Winklevoss, who will talk about 'The Road to the Premier League'.
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This Scottish private school will accept BITCOIN for tuition fee payments in bid to attract international students
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