Lomond School Embraces Bitcoin: UK’s First Institution to Offer Crypto Payments

In a groundbreaking move, Lomond School in Scotland has become the first institution in the United Kingdom to accept Bitcoin payments for tuition and fees. This pioneering initiative reflects the growing acceptance of cryptocurrencies within the education sector. Lomond collaborated with OpenNode, a leading Bitcoin payment processor, to facilitate secure and efficient transactions. The school plans to build a Bitcoin reserve, holding a portion of Bitcoin payments as an asset, similar to how some institutions view it as ‘digital gold’ for hedging against market fluctuations.