On March 28, a Scottish school in Edinburgh, the Morningside School of Music, decided to accept tuition fees in cryptocurrency. Linda Boyd, director of the Morningside School, said the school has noticed a trend of large companies joining the crypto economy, and it’s only a matter of time before small businesses like ours start doing the same, she said.
Plays to the beat of another drum
According to Linda Boyd, head of Morningside Music School, the renowned Scottish music school is now accepting digital assets as payment. Boyd said during the announcement that the school had previously used bitcoin (BTC) to pay for some things. We sometimes use things like bitcoin to pay for things for school, so we know how fast and easy it is, and we want our students to be able to do the same, Boyd said in a recent interview.
She added that many of the school’s adult students work in the high-tech sector, and that some of them have suggested that the school accept crypto payments. Data shows that Morningside Music School has approximately 700 students. A decision has been taken to facilitate the payment of school fees by students and their families. It’s about giving our customers a different way to pay and making their lives easier, Boyd said.
The director of the music school added:
Cryptocurrencies are here to stay and will eventually become a common way for people to pay for all kinds of services.
A natural way to pay tuition fees
In recent years, schools around the world have announced their support for cryptography for products and services. Edinburgh, Scotland, is known for its forward-thinking fintech ecosystem, Boyd noted, and embracing cryptocurrencies seemed like the right move. Edinburgh has a large high-tech industry, and many of our students work or study in that industry, so it’s a natural way for them to get paid, said the head of the music school.
Digital wallet and payment platform Zumo and its CEO Nick Jones said the company is pleased that Linda Boyd has announced that the school will accept payments from customers in the form of cryptocurrency.
It’s great to see the crypt taking root in my backyard in Edinburgh, but also because it was all made possible by requests from students, Jones said. This should come as no surprise, as in a recent survey we conducted, the youngest respondents were the most enthusiastic about the future of cryptocurrencies – in fact, more than 50% of 18-24 year olds think they will be a normal form of payment in the next 10 years, he added.
Morningside says it has raised the level of music in Edinburgh since 1999. The school’s most popular programs are drumming, music theory, ukulele, piano, violin and voice. Morningside Music School is open seven days a week, but by appointment only.
What do you think about Edinburgh’s Morningside School of Music accepting cryptocurrencies for tuition fees? Let us know what you think in the comments below.
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