Lomond School in Helensburgh, Scotland, is set to become the first school in the UK to accept Bitcoin payments. This decision follows requests from parents, both local and international. To manage risk, the school will implement Bitcoin acceptance in phases, converting the received cryptocurrency into pound sterling while ensuring compliance with UK financial regulations. Furthermore, if Bitcoin's adoption increases in the UK, the school is considering creating a reserve of Bitcoin assets. This move aligns with growing trends, as several countries and businesses worldwide are accumulating Bitcoin as part of their asset reserves. The school did not respond immediately to inquiries regarding this initiative.

Source 🔗