Lomond School to Accept Bitcoin for Tutuion Starting Autumn 2025

Highlights:

• Lomond School will accept Bitcoin payments starting in the Autumn of 2025.
• The school will convert Bitcoin to GBP through FCA-approved partners.
• Bitcoin payments aim to attract international families and reduce currency exchange concerns.

Scottish school Lomond School, located in Helensburgh, said that it will begin accepting Bitcoin payments from Autumn 2025. This makes the school one of the first in the UK to accept cryptocurrency as a mode of paying tuition fees. The school comprises education for children aged three to 18 years and functions as a mixed co-educational independent boarding and day school.

This decision comes in the wake of increasing demand from families in the region and international educational agents for flexibility in payments. The leadership at Lomond School has attributed the change to realistic factors such as excluding currency conversion issues for parents who live in different parts of the world. The payment reflects the school’s progressive ideas as it recently replaced the Scottish SQA system with the International Baccalaureate one.

JUST IN: Lomond School became the first UK school to accept #Bitcoin for payments.

They will “look to build a Bitcoin reserve.” pic.twitter.com/xnBoDBJuip

— Bitcoin Magazine (@BitcoinMagazine) April 11, 2025

Two Bitcoin providers, CoinCorner and Musquet, which have FCA approval, will handle the transactions in collaboration. These platforms will enable the receipt of payments and convert the received amount directly into GBP. This step helps avoid variations of prices in that market and guarantees compliance with UK legislation regarding money laundering and taxes.

Regulatory Compliance and Conversion Plan in Focus

Lomond School emphasized that risk would be implemented progressively meaning that it would be in phases. The school will not directly own bitcoins initially. Instead, all payments receive will be immediately converted to GBP to reduce exposure to variability in their prices. This approach is to maintain stability in its operation at the same time achieving the goals of progressing families.

While the school remains open for building Bitcoin reserve in the future, the move will depend on increasing adoption in the UK and global education sectors. According to Chisholm, while developing this initiative, risk management and regulatory compliance are crucial to every stage of the process. The policies regarding procedures such as auditing, safeguarding, and institutional reporting will be handled by the school’s financial team.

The new system will help minimize any delay in fee settlement that the processes involved in foreign exchange may cause. While international families may complain constantly due to unstable currency rates as well as delays in using bank transfers, Bitcoin provides such advantages as speed, transparency, and certain value at the moment of payment.

Announcement Scheduled at National Bitcoin Event

Principal Chisholm will unveil the idea of Bitcoin at the Cheatcode conference. The event comprises people like the Winklevoss twins and Alex Gladstein from the Human Rights Foundation. Announcing the event at a national conference also brings awareness from both the educational and crypto communities.

This school’s decision reflects a broader perspective of the education system. Other institutions, such as Wharton College in the United States and universities in El Salvador, have adopted Bitcoin. Lomond School’s decision places it as a pioneer of change within the academic market. Consequently, this is important for families around the world that interact with digital payment methods.