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Cryptocurrency News Articles

The Lomond School in Scotland will accept Bitcoin (BTC) tuition payments

Apr 12, 2025 at 05:01 am

The Lomond School in Scotland will accept Bitcoin (BTC) tuition payments beginning in the Autumn semester of 2025

The Lomond School in Scotland will accept Bitcoin (BTC) tuition payments beginning in the Autumn semester of 2025.

The school, which provides an education from preschool to university entrance, will accept the cryptocurrency in a bid to prepare students "for the uncertain future," according to an announcement on August 27.

As part of its curriculum, the school integrates “sound money principles” from the Austrian School of Economics into subjects such as History, English and Literature. Accepting Bitcoin is an extension of this philosophy.

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.

Lomond's announcement highlights the growing tide of institutions adopting Bitcoin as a hedge against inflation amid turmoil in the global financial order.

Value of the British pound (GBP) 1209-2025. Source: Statista

Related: Swedish MP proposes Bitcoin reserve to finance minister

Bitcoin slowly makes its way through the education system

Several schools and universities now include Bitcoin in their curriculum, and some of these institutions have also adopted a BTC treasury strategy to protect reserves against the corrosive effects of inflation on purchasing power.

In 2022, the University of Cincinnati added crypto courses to its curriculum to teach students about BTC and emerging Web3 technologies.

Mi Primer Bitcoin, a Bitcoin education initiative, partnered with the Ministry of Education in El Salvador in 2023 to integrate Bitcoin education into the school system.

Visual of Bitcoin’s hard supply cap expressed through successive halving events. Source: River

The University of Wyoming launched the Bitcoin Research Institute in July 2024 to conduct peer-reviewed academic studies about the decentralized digital asset.

In February 2025, the University of Austin announced that its endowment fund allocated $5 million to BTC investments. The university's endowment fund has approximately $200 million in assets under management.

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.

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Other articles published on Apr 19, 2025