Dubai school will welcome tuition payments in Bitcoin and Ethereum

Dubai school will welcome tuition payments in Bitcoin and Ethereum

According to local news outlet Arabian Business, Citizens School, located in Dubai, will accept tuition payments denominated in Bitcoin (BTC) or Ethereum (ETH). Payments using digital assets are facilitated via an unnamed processing platform and are automatically converted into United Arab Emirates Dirhams (AED). Dr Adil Alzarooni, the founder of Citizens School, commented: 

"We look forward to enhancing the role of young generations in achieving the UAE's digital economy. As more people embrace the era of digitalization, today's children will become the entrepreneurs and investors of tomorrow."

Meanwhile, Hisham Hodroge, CEO of Citizens School, added: "Introducing the ability to pay tuition fees through cryptocurrencies goes beyond just providing another payment option. It is a means to drive further interest in the applications of blockchain — a technology that Citizens School intends to deploy, in time, across several aspects of its academic and administrative operations."

Our top trading bots

The school, set to open in September of this year, is located at the heart of Dubai and appears to be structured as an international school. It is available to students ages 3 to 11. On its website, Citizens School lists its tuition cost as 45,000 AED to 65,000 AED per year ($12,250 to $17,700) before VAT, school lunches, a mandatory iPad for learning, field trips, extracurricular activities and transport. 

The UAE has become a digital asset proponent in the Middle East with an increasing number of crypto-friendly regulations. Both Binance and FTX have recently received their operational licenses in Dubai. Meanwhile, regulators in Abu Dhabi are rolling out draft recommendations for the trading of nonfungible tokens. 

Keep reading on Cointelegraph
Bitcoin on track to see its highest weekly close of 2022
Bitcoin (BTC) saw a fresh spike to near $45,000 overnight into March 27 as the weekend looked set to deliver a decisively bullish close. BTC/USD 1-hour...
Price analysis 3/4: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE
The equity markets in Europe and the United States are seeing a sea of red as traders continue to sell risky assets due to the geopolitical situation. Bitcoin...
Seller 'rugs' $30M CryptoPunks collection minutes before Sotheby’s auction
NFT enthusiasts and fine art collectors have been left confused, after an auction for a collection of 104 CryptoPunks estimated to be worth around $30 million...
India to introduce 30% crypto tax, digital rupee CBDC by 2022-23
In a speech discussing the budget for 2022, Indian finance minister Nirmala Sitharaman announced the launch of a central bank digital currency (CBDC) by...
$139M Terra proposal to ‘bring awesome UST use-cases’ to DeFi projects
Decentralized stablecoin issuer Terra issued an ambitious proposal to expand the interchain deployment of its UST stablecoin across five projects on Ethereum,...
Dapper Labs becomes the first NFT company to register to lobby with the US government
Through a public disclosure on Jan 3, Dapper Labs became the first NFT company to federally register to lobby with the U.S. government. The company joins...
Mercado Bitcoin parent company 2TM raises $50M, further cementing unicorn status
2TM, the parent company of Brazilian cryptocurrency exchange Mercado Bitcoin, has received $50.3 million in fresh financing to expand its operations across...
Shiba Inu in danger of ‘topping signal’ as SHIB price loses 50% in 3 weeks
Meme-cryptocurrency Shiba Inu (SHIB) has lost more than 50% of its market valuation in three weeks since its all-time highs in late October.SHIB’s price...
Crypto traders fight in WBS Dubai for Amir Khan’s charity boxing match
The World Blockchain Summit in Dubai hosted an exhibition boxing match between top cryptocurrency traders and influencers for the WBC Crypto Belt. The fights...
Ethereum options data suggests the battle for $4K ETH is at least a week away
For the past 40 days, Ether (ETH) has trended modestly upward, respecting a narrow channel most of the time. It enjoyed a brief rally toward $4,000 in the...
Bitcoin price drop to $37K has analysts wary of calling a ‘trend change’
Bull market optimism returned to the cryptocurrency market on July 26 after Bitcoin (BTC) price rallied above the $40,000 level for the first time in over...
Guild of Guardians pre-game registrations hit 133K as NFT sales surge
The community behind Guild of Guardians, an NFT-based role-playing game, appears to be enthusiastic about the forthcoming title after they snatched up nearly...
Goldman Sachs CEO believes Bitcoin regulations are set for a 'big evolution'
David Solomon, CEO of Goldman Sachs has forecast a “big evolution” in how the U.S. government regulates Bitcoin and other cryptocurrencies, in relation...
Kakao’s Klaytn expands NFT offerings to OpenSea following 800% quarterly growth
Klaytn, the blockchain project of South Korean tech giant Kakao, has partnered up with NFT marketplace OpenSea to bring a non-fungible token market to its...
Almost 7,4 Thousand Android-devices Became Victims Of Botnet-miner
Researchers from the Qihoo 360 organization discovered a new botnet ADB.miner, that attacks devices based on the Android operating system for invisible...