- Scottish Lomond School now accepts Bitcoin as a payment method.
- The overall adoption of BTC is growing, with the EU, through MiCA, now seeing a major shift.
Lomond School, an educational institution in Scotland, has become the first school in the United Kingdom to accept Bitcoin (BTC) as payment for tuition fees. This change will take effect in the autumn term of 2025. The initiative will allow parents to pay with cryptocurrency instead of the British pounds.
Lomond School To Expand Curriculum with Bitcoin Education
Lomond School accepted Bitcoin after many international families and education agents asked for more flexible payment methods. According to reports, any Bitcoin paid to the school will be converted into British pounds with help from crypto platforms Musket and CoinCorner.
These platforms are approved by the UK’s Financial Conduct Authority (FCA) and will ensure that payments are safe and compliant with established laws. Lomond School’s decision to accept Bitcoin shows it is thinking ahead in finance and education.
The learning institution also plans to teach students about Bitcoin, blockchain technology, and decentralized systems. This move is part of a larger trend in which schools worldwide add digital assets to the educational curriculum.
The University of Cincinnati started offering Bitcoin and Web3 technologies courses in 2022. Likewise, in 2023, Mi Primer Bitcoin teamed up with El Salvador’s Ministry of Education to teach Bitcoin in schools. As indicated in our earlier discussion, the younger generation sees Bitcoin volatility not as a threat but as a fast path toward financial growth. This has partly fueled the boost in education for younger investors.
Looking ahead, the Lomond school has announced plans to build a Bitcoin reserve soon and even pay some volunteer workers in Bitcoin. This move could inspire other schools in the UK and worldwide to join the trend.
Using the asset for school fees might become more common.
Europe Regulatory Policy Drives Crypto Adoption
Beyond the United Kingdom, Europe is becoming an important hub in the growing cryptocurrency world. The European Union has established clear regulations that continue to attract foreign investors and crypto-focused companies.
These firms are helping to make crypto assets and digital products more accessible and secure. As we reported in our last news month, BlackRock, one of the world’s largest investment firms, has secured approval to offer crypto investment services in the region.
This approval allows the asset manager to provide European investors with access to digital currency products like Bitcoin through regulated exchanges. Another key example of Europe taking the lead in crypto adoption is the number of pro-crypto banks in the region. As reviewed in our recent publication, over 50 regional banks now offer services for digital assets like Bitcoin.
The surge is driven by the Markets in Crypto-Assets (MiCA) regulation, which creates a clear legal framework for digital currency-related services. This rule helps crypto businesses be more transparent, secure, and grow while encouraging banks to include digital assets in their offerings.
