In last month’s issue of The Independent Schools Magazine (May p15) we reported on the news that Lomond School, Argyll and Bute, will be starting to accept bitcoin payments for school fees later this year. Here, Head of the School, Claire Chisholm, answers some questions around that decision and offers some insight into how it is going to work in practice.
Q: As of the Autumn term this year Lomond School will start to accept bitcoin payments in respect of fees. Can you explain the background to this? How and why has this move come about?
A: At Lomond School, we value the voices of our parents! We have built a strong relationship with them and actively consider all suggestions that can help our school progress. Recently, a parent shared their expertise on bitcoin and presented its benefits to our board. After careful deliberation, we collectively agreed that adopting this payment method would be advantageous for our school. Following our due diligence and collaboration with reputable companies, we informed our school community and are now pleased to accept bitcoin as a payment option for fees.