Private Schools for Kids Are Now Accepting Bitcoin for Tuition

In recent years, there have been many colleges and well-known universities all across the world that have started accepting bitcoin. Alongside paying for a higher education with bitcoins, now people can utilize the decentralized currency at private daycares and schools that offer the Montessori educational approach for children.

This month, Marco Ciocca, co-founder of the Montessori Schools in New York City announced the school would be accepting bitcoin for parents to pay their children’s tuition. A Montessori education created by Italian educator Maria Montessori promotes independence and freedom within limits. Montessori Schools in New York have classrooms in the Flatiron and Soho districts and cost $ 30,950 for the full day program.

We looked at the pros and cons of accepting it and decided that now is probably a good time because it’s starting to enter the mainstream,” “It happens to be that we’re the first pre-kindergarten school to accept it as a form of payment,” Ciocca tells the publication Town & Country.

According to Ciocca, a “handful” of parents have used the digital currency to pay tuition until now. When asked whether or not the school thought about bitcoin being associated with illegal activities Ciocca says, “we’re a school, which is wholesome and obviously deals with children.”

Recently, a Business Insider columnist, Sara Silverstein, explained how she could pay for her daughter’s nursery with bitcoin. Silverstein details that it was an interesting coincidence that the school emailed her about accepting the cryptocurrency because she watched the value of bitcoin rise 30 percent that week.

“The rest of my daughter’s preschool tuition is due on June 1st. I just got a message from the school informing me that they are pleased to announce that they will now be accepting bitcoins for tuition payments,” explains Silverstein.

Silverstein’s daycare and Montessori are not the only schools for children utilizing bitcoin. Indian Mountain School (IMS), an independent private school for kids in pre-kindergarten through grade nine accepts bitcoin for fundraising initiatives.

“We believe this opportunity will not only benefit parents but will broaden the horizon for the next generation and afford IMS students an understanding of new technologies that will no doubt impact their futures,” said IMS student Charles Allen. The school announced accept bitcoin.

IMS was the first elementary school in the United States to accept bitcoin and school principal Mark A. Devey believes digital currency is “an inventive way to bring this out-of-the-box idea home to our students.”

Source: Bitcoin.com 

Image: Pixabay

Disclaimer: This press release is for informational purposes only. Information does not constitute an investment advice or an offer to invest. The opinions expressed in this article are those of the author, they do not necessarily represent infocoin views and should not be attributed to Infocoin.

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