- Lomond School has become the first UK institution to take Bitcoin for tuition fees.
- The school will convert Bitcoin to British pounds before holding it as digital assets.
- Bitcoin rebounded sharply as strong buyer momentum reversed its recent downward trend.
Lomond School in Helensburgh, Scotland, has introduced Bitcoin as a payment option for tuition, effective from the Autumn term. The institution becomes the first UK school to implement cryptocurrency payments, enabling families to pay fees using Bitcoin (BTC). The move comes after growing demand from both local guardians and international education agents for alternative fee options. Lomond School collaborated with CoinCorner, an FCA-regulated virtual asset provider, and the Bitcoin payment service Musqet for the integration.
Initially, all Bitcoin received will be converted directly into British pounds to avoid volatility. However, the school plans to create a Bitcoin reserve once crypto acceptance expands across the UK. This development coincides with rising global interest in integrating blockchain into traditional sectors, including education.
A Pioneer in Modern Payment Solutions
Principal Claire Chisholm formally announced the payment shift at the Cheatcode, a National Bitcoin Conference. She emphasized the school’s pioneering legacy in embracing inclusive and global education models. Lomond was the first Scottish boarding school to accommodate both boys and girls under one roof.
The school also transitioned from Scotland’s SQA curriculum to the globally recognized International Baccalaureate (IB) framework. Chisholm linked these moves to the school’s ethos of fostering open-minded, globally aware thinkers. Furthermore, she noted that John Logie Baird, the inventor of the television, had once studied at Lomond, highlighting its rich tradition of innovation.
Bitcoin payments offer international families relief from currency conversion challenges. The move is expected to enhance the school’s appeal to tech-conscious families worldwide. Consequently, it represents a direct example of cryptocurrency entering traditional finance and education frameworks.
Related: US Bitcoin miners face hurdles despite tariff pause relief
Bitcoin Records Daily Price Surge Amid Institutional Integration
CoinMarketCap data shows that Bitcoin rose 2.54% on April 11 to reach $82,935.35. The price had opened near $80,840 before recovering. During the session, Bitcoin reversed from lows around $78,000 and crossed $82,900, forming higher lows throughout the day.
Bitcoin’s market cap increased by 2.03% to $1.64 trillion. However, trading volume dropped 31.9% to $45.58 billion. The volume-to-market cap ratio stood at 2.77%, signaling a lower transaction rate during the rally.
Bitcoin’s circulating supply remains at 19.84 million, with a total cap of 21 million. Its CoinMarketCap profile score holds at 100%, indicating strong confidence and active buyer participation.
