Bitcoin Barons Invade Scottish School! 🤑

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Lomond School, in a move so audacious it could only be rivaled by Lady Bracknell’s pronouncements on handbag provenance, has declared that parents may now settle their little darlings’ tuition fees in Bitcoin. It’s the first school in the U.K. to embrace this digital dalliance, proving that even education can be bought with a bit of virtual coin. 🧐

According to whispers from the Independent School Management site (a publication, I assume, read with bated breath by the aristocracy), this co-educational boarding school, nestled in the Scottish town of Helensburgh, is leading the charge in accepting Bitcoin (BTC). Education for the tender ages of three until eighteen can now be procured with the same currency used to buy illicit substances on the dark web. How progressive! 🤣

To facilitate this descent into modernity, Lomond School has partnered with Bitcoin payment provider Musqet, a name that sounds suspiciously like a mosquito repellent, and CoinCorner, because every good scheme needs a corner to hide in. They’re also regulated by the FCA, which I’m sure adds an air of respectability to the whole affair. Or at least, a veneer of it. 😉

Initially, the school, with the caution of a seasoned gambler, declared it would convert all Bitcoin payments directly into British pound sterling, thus mitigating any currency risks. How terribly practical! However, they also hinted at building a Bitcoin asset reserve in the near future, once crypto has gained broader acceptance in the U.K. One can only imagine the school governors huddled around a computer screen, eyes glazed over from staring at fluctuating numbers. 🤔

Lomond School principal Claire Chisholm, a woman clearly not afraid of a little digital revolution, announced the decision at the national Bitcoin conference, Cheatcode. In her speech, she explained that the school has always been a trailblazer, like a monocled explorer in the digital jungle. It was, after all, the first boarding school to house both boys and girls and embraced the International Baccalaureate curriculum. A veritable hotbed of innovation! 😄

“For generations, this school has nurtured inquirers, thinkers, communicators, and open-minded risk-takers. It’s really no surprise then that the inventor of the television, John Logie Baird, is a former pupil,” said Chisholm, conveniently forgetting that television has also been responsible for the dumbing down of the masses. But who am I to quibble? 😇

At press time, Bitcoin is currently valued at around $82,117, having gone up by 0.42% in the past 24 hours of trading. In the past week, the largest cryptocurrency by market cap has gone down by 0.7%. At the beginning of the year, BTC reached a new all-time high at $108,786. Numbers, numbers everywhere! It’s enough to make one reach for a stiff gin and tonic. 🍸

According to the report, Lomond School hopes that the new Bitcoin payment option will appeal to families, both in the local and international market. Several local families and international education agents have reportedly lobbied for Bitcoin as an alternative payment option at Lomond. One can only imagine the whispered conversations in hushed tones, the clinking of champagne glasses as the deal is sealed. 🤫

For internationally-based families in particular, the ability to pay tuition fees in Bitcoin helps remove the uncertainty that comes with international exchange rates. The school hopes the new initiative will attract more forward-thinking families locally as well as those around the world. Forward-thinking families who clearly have more money than sense. 🤑

Earlier this year, India’s Birla Institute of Management Technology launched its first cryptocurrency for on-campus usage. Dubbed BIMCOIN, the token facilitates transactions between students, vendors, and administrators. It also serves as a practical tool for students to explore blockchain and digital finance utilization. A cryptocurrency for students? One can only imagine the chaos that ensues when they discover the joys of day trading. 😂

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2025-04-11 16:17