The Lighthouse Progressive Primary School, located in Limassol, Cyprus, is now accepting bitcoin payments for student fees.
offers a holistic educational experience, aimed at children between the ages of five and 12 years old. According to its Facebook profile, the school is "a progressive, bilingual, primary school created by a multidisciplinary team of professionals".
"Thus allowing individuals to impact or co-create the currency with which they use for commerce in their daily lives is an basic step in civil empowerment," he continued.
Role in education
The university told CoinDesk that the decision was based on the technological evolution sparked by bitcoin that is currently taking place.
For Lighthouse, the choice centered on allowing families in the community more financial freedoms. Headmaster Constantinides pointed to recent financial turbulence in Cyprus as a sign that new forms of exchanging value have a place in the community:
The decision by Lighthouse to accept bitcoin payments is a positive one for Cyprus.
In addition to the choice by the University of Nicosia, which supported domestic bitcoin usage, the country’s central bank decided in February that bitcoin is legal in Cyprus, despite other comments to the contrary.
However, the digital currency’s history in Cyprus has not been without its fair share of controversy.
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