04-12-2025, 10:55 AM
Scotland's Lomond School accepts Bitcoin for tuition payments, a first in the UK
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjI1YjYtODBkOC03MmNhLWE2ZTUtYTQ0ODk5OTQwNzM2.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjI1YjYtODBkOC03MmNhLWE2ZTUtYTQ0ODk5OTQwNzM2.jpg" alt="Scotland's Lomond School accepts Bitcoin for tuition payments, a first in the UK"></p><p>The Lomond School in Scotland will accept Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) tuition payments beginning in the Autumn semester of 2025, making it the first school in the United Kingdom to do so.<p>Accepting Bitcoin is part of the school's plan to integrate “sound money principles” from the Austrian School of Economics into the curriculum to "prepare students for the uncertain future,” the <a data-ct-non-breakable="null" href="https://www.lomondschool.com/bitcoin/" rel="null" target="null" text="null" title="https://www.lomondschool.com/bitcoin/">announcement</a> reads, adding:</p><blockquote>"Bitcoin is available to anyone willing to learn — making it more democratic and inclusive, particularly for people in developing nations who lack access to traditional banking. Lomond sees Bitcoin as a perfect real-world case study in economics, computing, ethics, and innovation."</blockquote><p>The school has no plans to accept other cryptocurrencies, and will convert the BTC to fiat currency immediately, according to the announcement. It might establish a BTC treasury in the future, pending input from the Lomond community.</p><p>Lomond's announcement highlights the growing tide of institutions adopting Bitcoin as a hedge against inflation amid turmoil in the global financial order.</p><figure><img alt="Education, United Kingdom, Bitcoin Adoption" src="https://s3.cointelegraph.com/uploads/2025-04/01962620-fd96-7c8e-a57c-f86654a2b7ed" title=""><figcaption style="text-align: center;"><p><em>Value of the British pound (GBP) 1209-2025. Source: </em><a data-ct-non-breakable="null" href="https://www.statista.com/statistics/1031884/value-pound-sterling-since/" rel="nofollow noopener" target="_blank" text="null" title="https://www.statista.com/statistics/1031884/value-pound-sterling-since/"><em>Statista</em></a></p></figcaption></figure><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/swedish-mp-bitcoin-reserve-finance-minister" rel="null" target="null" text="null" title="null"><em><strong>Swedish MP proposes Bitcoin reserve to finance minister</strong></em></a></p><h2>Bitcoin slowly makes its way through the education system</h2><p>Bitcoin is now part of the curriculum in several schools and universities; some of these institutions have also adopted a BTC treasury strategy to protect reserves against the corrosive effects of inflation on purchasing power.</p><p>In 2022, the University of Cincinnati <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/university-of-cincinnati-turning-crypto-craze-into-educational-curriculum" rel="null" target="null" text="null" title="null">added crypto courses</a> to its curriculum to teach students about BTC and emerging Web3 technologies.</p><p>Mi Primer Bitcoin, a Bitcoin education initiative, partnered with the Ministry of Education in El Salvador in 2023 to <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/open-source-bitcoin-education-global-financial-literacy" rel="null" target="null" text="null" title="null">integrate Bitcoin education</a> into the school system.</p><figure><img alt="Education, United Kingdom, Bitcoin Adoption" src="https://s3.cointelegraph.com/uploads/2025-04/01962625-c012-70ba-bdb8-c09da2b3b25b" title=""><figcaption style="text-align: center;"><p><em>Visual of Bitcoin’s hard supply cap expressed through successive halving events. Source: </em><a data-ct-non-breakable="null" href="https://river.com/learn/can-bitcoins-hard-cap-of-21-million-be-changed/" rel="nofollow noopener" target="_blank" text="null" title="https://river.com/learn/can-bitcoins-hard-cap-of-21-million-be-changed/"><em>River</em></a></p></figcaption></figure><p>The University of Wyoming <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoiners-launch-bitcoin-research-institute-university-of-wyoming" rel="null" target="null" text="null" title="null">launched the Bitcoin Research Institute</a> in July 2024 to conduct peer-reviewed academic studies about the decentralized digital asset.</p><p>In February 2025, the University of Austin announced that its endowment fund <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/austin-university-launch-5-m-bitcoin-fund-5-year-hodl-strategy-report" rel="null" target="null" text="null" title="null">allocated $5 million to BTC investments</a>. The university's endowment fund has approximately $200 million in assets under management.</p><p>Chun Lai, the endowment fund's chief investment officer, said the fund wanted BTC exposure to capitalize on the financial upside of digital assets as crypto experiences increased institutional adoption.</p><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/tradfi-followers-ignored-lyn-aldens-btc-tip-7-figures-hall-of-flame/" rel="null" target="null" text="null" title="null"><em><strong>TradFi fans ignored Lyn Alden’s BTC tip — Now she says it’ll hit 7 figures: X Hall of Flame</strong></em></a></p><template data-name="subscription_form" data-type="crypto_biz" label="Subscription Form: Crypto Biz Newsletter"></template></p>
</p>
https://cointelegraph.com/news/lomond-sc...er_inbound
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjI1YjYtODBkOC03MmNhLWE2ZTUtYTQ0ODk5OTQwNzM2.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjI1YjYtODBkOC03MmNhLWE2ZTUtYTQ0ODk5OTQwNzM2.jpg" alt="Scotland's Lomond School accepts Bitcoin for tuition payments, a first in the UK"></p><p>The Lomond School in Scotland will accept Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) tuition payments beginning in the Autumn semester of 2025, making it the first school in the United Kingdom to do so.<p>Accepting Bitcoin is part of the school's plan to integrate “sound money principles” from the Austrian School of Economics into the curriculum to "prepare students for the uncertain future,” the <a data-ct-non-breakable="null" href="https://www.lomondschool.com/bitcoin/" rel="null" target="null" text="null" title="https://www.lomondschool.com/bitcoin/">announcement</a> reads, adding:</p><blockquote>"Bitcoin is available to anyone willing to learn — making it more democratic and inclusive, particularly for people in developing nations who lack access to traditional banking. Lomond sees Bitcoin as a perfect real-world case study in economics, computing, ethics, and innovation."</blockquote><p>The school has no plans to accept other cryptocurrencies, and will convert the BTC to fiat currency immediately, according to the announcement. It might establish a BTC treasury in the future, pending input from the Lomond community.</p><p>Lomond's announcement highlights the growing tide of institutions adopting Bitcoin as a hedge against inflation amid turmoil in the global financial order.</p><figure><img alt="Education, United Kingdom, Bitcoin Adoption" src="https://s3.cointelegraph.com/uploads/2025-04/01962620-fd96-7c8e-a57c-f86654a2b7ed" title=""><figcaption style="text-align: center;"><p><em>Value of the British pound (GBP) 1209-2025. Source: </em><a data-ct-non-breakable="null" href="https://www.statista.com/statistics/1031884/value-pound-sterling-since/" rel="nofollow noopener" target="_blank" text="null" title="https://www.statista.com/statistics/1031884/value-pound-sterling-since/"><em>Statista</em></a></p></figcaption></figure><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/swedish-mp-bitcoin-reserve-finance-minister" rel="null" target="null" text="null" title="null"><em><strong>Swedish MP proposes Bitcoin reserve to finance minister</strong></em></a></p><h2>Bitcoin slowly makes its way through the education system</h2><p>Bitcoin is now part of the curriculum in several schools and universities; some of these institutions have also adopted a BTC treasury strategy to protect reserves against the corrosive effects of inflation on purchasing power.</p><p>In 2022, the University of Cincinnati <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/university-of-cincinnati-turning-crypto-craze-into-educational-curriculum" rel="null" target="null" text="null" title="null">added crypto courses</a> to its curriculum to teach students about BTC and emerging Web3 technologies.</p><p>Mi Primer Bitcoin, a Bitcoin education initiative, partnered with the Ministry of Education in El Salvador in 2023 to <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/open-source-bitcoin-education-global-financial-literacy" rel="null" target="null" text="null" title="null">integrate Bitcoin education</a> into the school system.</p><figure><img alt="Education, United Kingdom, Bitcoin Adoption" src="https://s3.cointelegraph.com/uploads/2025-04/01962625-c012-70ba-bdb8-c09da2b3b25b" title=""><figcaption style="text-align: center;"><p><em>Visual of Bitcoin’s hard supply cap expressed through successive halving events. Source: </em><a data-ct-non-breakable="null" href="https://river.com/learn/can-bitcoins-hard-cap-of-21-million-be-changed/" rel="nofollow noopener" target="_blank" text="null" title="https://river.com/learn/can-bitcoins-hard-cap-of-21-million-be-changed/"><em>River</em></a></p></figcaption></figure><p>The University of Wyoming <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoiners-launch-bitcoin-research-institute-university-of-wyoming" rel="null" target="null" text="null" title="null">launched the Bitcoin Research Institute</a> in July 2024 to conduct peer-reviewed academic studies about the decentralized digital asset.</p><p>In February 2025, the University of Austin announced that its endowment fund <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/austin-university-launch-5-m-bitcoin-fund-5-year-hodl-strategy-report" rel="null" target="null" text="null" title="null">allocated $5 million to BTC investments</a>. The university's endowment fund has approximately $200 million in assets under management.</p><p>Chun Lai, the endowment fund's chief investment officer, said the fund wanted BTC exposure to capitalize on the financial upside of digital assets as crypto experiences increased institutional adoption.</p><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/tradfi-followers-ignored-lyn-aldens-btc-tip-7-figures-hall-of-flame/" rel="null" target="null" text="null" title="null"><em><strong>TradFi fans ignored Lyn Alden’s BTC tip — Now she says it’ll hit 7 figures: X Hall of Flame</strong></em></a></p><template data-name="subscription_form" data-type="crypto_biz" label="Subscription Form: Crypto Biz Newsletter"></template></p>
</p>
https://cointelegraph.com/news/lomond-sc...er_inbound