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
Bunny and Qubit turns to DAO following $80 million bug exploit
The development team behind Bunny Finance and Qubit has decided to disband the protocol and turn it into a decentralized autonomous organization (DAO).In...
Bank of Russia governor: Banning crypto in Russia is 'quite doable'
In a Friday press conference, Central Bank of Russia governor Elvira Nabiullina further escalated the fear, uncertainty, and doubt (FUD) surrounding the...
Bitcoin toys with $60K as crucial price support level sees multiple retests
Bitcoin (BTC) bounced at the pivotal $58,400 during Nov. 17 as the day continued choppy price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst:...
SEC expected to head U.S. stablecoin regulation and enforcement
U.S. regulatory bodies have reportedly agreed that the Securities and Exchange Commission (SEC) will lead the United States’ efforts to regulate the stablecoin...
AMC gets 'hyperactive' about crypto, CEO says it may issue its own coin
American multinational entertainment giant AMC is getting very excited about blockchain and the company’s chief executive is publicly mulling the issuance...
Finance Redefined: MakerDAO goes green and BoA bullish on DeFi, Oct. 1–8
Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter.Blogging platform Mirror expanded to the public market this...
John Cena calls his own NFT sales a 'catastrophic failure'
Professional wrestler and actor John Cena said fans only purchased 7.4% of his World Wrestling Entertainment, or WWE, nonfungible tokens (NFTs) that he...
Terra Virtua moves to Polygon blockchain, citing environmental concerns
Digital collectibles platform Terra Virtua has moved from the Ethereum blockchain to Polygon in an attempt to be greener.In a Monday announcement, Terra...
Price analysis 7/9: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, SOL
Earlier this week, Fan Yifei, the deputy governor of the People’s Bank of China has warned that stablecoins like Tether (USDT) pose “risks and challenges...
Bears back off, but Bitcoin price still wavers below $35K
Although bulls made a show of force in the morning trading hours, Bitcoin (BTC) price is still pinned under the $35,000 resistance and unable to flip the...
A RUNE with a view: How smart crypto traders caught a 48% price pump
Disparities in information access and data analytics tech are what give institutional players an edge over regular retail investors in the digital asset...
Australian tax office: Report crypto profits or else
The Australian Taxation Office has urged citizens to accurately report any profits made in the process of trading cryptocurrencies like Bitcoin (BTC), anticipating...
Biggest one day USDC print in history marks lowest Bitcoin dominance in years
More USD Coin (USDC) was printed on April 30 than at any time in the dollar-backed stablecoin’s existence, as just over $3 billion was minted in one fell...
Record $8B open interest on Ethereum futures shows the pros are 'here'
The price of Ether continues to push higher, and many analysts are calling for $3,000 as a short-term target. All of this "success" takes place in the face...
Blockchain To Use In The USE
Breakthrough technologies, including cloud technologies and blockchain system, will be applied to the USE. The head of Rosoboradzor Sergei Kravtsov announced...