There is the news from New York that pre-school accepted Bitcoin. The head of the two pre-school in the city New York won’t allow parents pay by credit card but accepting Bitcoin.
After the increasing queries and complaints from parents the Marco Ciocca, co-founder and Chairman of the Montessori Schools in Flatiron & Soho added the option of Bitcoin in June. This decision now comes as an increasing number of places. The amazing news is it is including universities in London and Greece. They are also taking digital currency as payment.
Mr. Ciocca said about 10 parents of the 300 students have opted to pay in Bitcoin so far. He gives his predictions about that the number will increase in the near future. He also said, “If we talk about just the sort of transactional ease, I think this form of payment will continue to grow.”
Bitcoin is the digital currency and for the first time, it was used in the year 2010. Now its acceptance has grown so has its value.
Parents who invested early are the lucky one because the currency’s rise gets something like the discount on the school’s hefty $31, 000 tuition.
Mr. Ciocca said that the school did not effect from the up-and-downs in the market. According to him tuition payments in Bitcoin, they also accepted some other digital currencies especially, which get converted to cash instantly.
Those schools which accepted the digital currency matched its identity as “forward thinking” and these schools also attracted to the pool of families from tech and finance worlds. This is said by Ciocca. He further added to his comments that Bitcoin is the easier and convenient process money than the other kinds of payments. “It’s just a much more seamless transaction.”
And he is the man who has the plan to be the part of the growth of the Bitcoin because he has followed the currencies as an investor for some time. So, he is interested in the growth of this currency.
He is the man who is busy in the growth of this currency and he offers the option to parents at two sister schools which are run by his family in Miami and Florida.
The sister of Mr. Ciocca named Angele Ciocca is the headmistress of one of the schools there and she said that she is not expecting a lot of takers.
She said, “It hasn’t hit us yet, but I do see it a lot when I go to Manhattan.”