While skeptics argue that Bitcoin is only used for speculation and has no real-world applications, a New York junior high school has shown that Bitcoin can be a convenient and successful payment method.
In an interview with business insider, Marco Chiocca, chairman of Montessori schools in Wiltiron and Soho, explained that he had several parents who were interested in having a method of paying for tuition in Bitcoin. “We had a few parents say, 'Hey, do you accept Bitcoin? I have Bitcoin and I'd like to use it to pay for school.'" Since Marco had already been aware of the benefits of using Bitcoin for several years prior, including low fees and fast transactions, he and other members of the administration decided to add Bitcoin as a payment method.
Many companies have recently made announcements adding Bitcoin as a payment option, but they quickly discovered that very few consumers were willing to pay with the digital currency. In our case, there are several parents who paid for their education using bitcoins. Since some of the parents have careers related to blockchain technology, they quickly accepted the idea of this form of payment. From the school's point of view, they simply offered parents an additional and convenient payment method. Bitcoin is not the exclusive domain of futuristic establishments; even art and military schools can accept it.
According to https://cointelegraph.com
You May Also Like
Iranian students suffering from sanctions pay tuition in bitcoins
Stranded Iranian students in the United Kingdom are using Bitcoin as a tool to circumvent economic sanctions imposed on their country, according to a Guardian report. Parsa Sadat, a law student at the University of Reading, is one of scores of Iranian students unable to pay tuition fees after US President Donald Trump imposed sanctions on Iran last month.
Bakkt's Bitcoin futures are poised to disrupt the market in early 2019
Despite the problems inherent in the current Bitcoin futures market, Bakkt's first-of-its-kind Bitcoin futures contract appears to be ready for regulatory approval.