Lomond School in Scotland will begin accepting Bitcoin for tuition payments in the Autumn semester of 2025, becoming the first school in the United Kingdom to implement such a policy.

According to the school’s announcement, the decision is part of an initiative to incorporate principles from the Austrian School of Economics into its educational framework. 

The school stated that this move is intended to “prepare students for the uncertain future” and highlighted Bitcoin’s accessibility, calling it “more democratic and inclusive, particularly for people in developing nations who lack access to traditional banking.”

At present, the school does not plan to accept other cryptocurrencies. All Bitcoin payments will be converted to fiat currency upon receipt. 

The school noted that it may consider creating a Bitcoin treasury in the future, depending on input from the school community.

The decision comes as other educational institutions have begun exploring Bitcoin in various ways, both academically and financially. 

In 2022, the University of Cincinnati added courses on Bitcoin and Web3 technologies. In 2023, El Salvador’s Ministry of Education collaborated with Mi Primer Bitcoin, an education-focused nonprofit, to incorporate Bitcoin into the country’s public school curriculum.

In July 2024, the University of Wyoming launched the Bitcoin Research Institute to facilitate academic research related to Bitcoin and decentralized systems. 

More recently, the University of Austin announced in February 2025 that it allocated $5 million of its approximately $200 million endowment fund to Bitcoin investments. 

Chief Investment Officer Chun Lai said the university aimed to “capitalize on the financial upside of digital assets” as interest in Bitcoin and crypto continues to grow among institutional investors.

Share this article
The link has been copied!