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The Lomond School in Scotland has become the first academic institution in the United Kingdom to accept registration payments in Bitcoin (BTC) that represents an important step in adopting the main cryptographic current.
Bitcoin represents independence and innovation, says Lomond
In a recent blog post, Lomond School announced the inclusion of BTC as a payment option for registration fees. The British school management explains that this decision was promoted by multiple factors, including Bitcoin’s alignment with independent thinking and innovation that are part of the central spirit of the school.
Lomond describes Bitcoin as a decentralized asset without central authority and is easily accessible and transferable, reflecting important principles such as democracy and inclusion.
A school statement says:
… Bitcoin is available for anyone who is willing to learn, which makes it more democratic and inclusive, particularly for people in developing nations that lack access to traditional banking. Lomond sees Bitcoin as a perfect case study of the real world in economics, computing, ethics and innovation.
The Scottish school also states that the adoption of BTC as a payment alternative is also promoted by a significant demand for local parents and international agents, showing the growing global acceptance of cryptocurrencies as viable financial assets.
However, Lomond has declared that the school will only take care of Bitcoin at this time that has distinguished itself from other cryptocurrencies in terms of “safety, shortage, transparency and resistance.”
Lomond: Bitcoin Treasury is feasible
To calm customers’ fears about Blockchain’s security, Lomond has declared that these BTC payments will be received by regulated partners and that they comply with KYC: Musket and Cozner, in the name of the school. However, despite this friendly approach with cryptocurrencies, Lomond has declared that all Bitcoin received will immediately become the pounds of Britain (GBP) to avoid dealing with the volatility of the cryptographic market.
However, there is the possibility of establishing a BTC treasure in the advent of the significant support of the school community.
Lomond says:
The Treasury (Bitcoin) is a gradual objective, not an immediate change, and depends completely on the support of the community and the capacity of the school to “stack SAT” over time.
While Lomond can be the first British school to enter Bitcoin payments, academic institutions in other countries have long explored the use of the main cryptocurrency. Some of these schools include Wharton College at the University of Pennsylvania, King’s College in New York and the main universities of El Salvador, among others. Meanwhile, other academic institutions such as the University of Wyoming have developed wide resources to conduct peer reviews on the “digital gold”.
At the time of writing this article, BTC continues to operate at $ 83,230 after a price gain of 3.65% in the last 24 hours.
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