According to the reports, a music school in Scotland has reportedly announced to all its students that it will now start accepting cryptocurrencies as a mode of payment. The school has confirmed that the students are now allowed to make payments for the lessons in cryptocurrencies.
The music school management has confirmed the reason they have started accepted payments through cryptocurrencies. According to the management, they started receiving very high demand from the students who wanted to pay for the tuition fees through cryptocurrencies.
Therefore, as the trend for cryptocurrencies is constantly rising in terms of payments, the school came to the conclusion that it would prove to be beneficial for the school to start following the trend.
Based on the above, the school will now start accepting payments for the tuition fees in the form of cryptocurrencies. The announcement by the school management regarding the payment system was made on Monday, March 29, 2021.
The music school that has started accepting cryptocurrencies as a mode of payment is The Morningside School of Music. The particular music school is based in Edinburgh and has confirmed how it managed to get on board with the cryptocurrency payment methods.
The Edinburgh music school has revealed that it started receiving suggestions from its old students who are now working in the fintech sector based in Edinburgh’s burgeoning office.
Linda Boyd, who is the director of Morningside School of music talked about their previous interactions with cryptocurrencies. She stated that previously, their school had used Bitcoin (BTC) in order to make purchases for the faculty. The school had also realized that it would only be convenient for them if they started accepting it as a mode of payment as well.
She added that from time to time, they tend to use cryptocurrencies such as Bitcoin (BTC) to make payments for the goods and stuff they purchase online. This is the reason they already know how easy and convenient it is to make payments through cryptocurrencies and especially, Bitcoin (BTC).
Boyd also added that after using Bitcoin (BTC) so many times as a mode of payment, they have realized that it is quite convenient, easy, fast, and safe to make transactions using this technology.
This is the reason they were on board as soon as their senior pupils proposed the idea of offering a cryptocurrency payment facility.
She added that their school accepting cryptocurrencies is the perfect example of how small businesses are following in the footsteps of giant businesses in adopting cryptocurrencies.
Another reason they went ahead and adopted cryptocurrencies are because, in near future, cryptocurrencies will prove to be a very viable option as a payment alternative.
The Morningside Music School is just one of many examples of small businesses that are now accepting cryptocurrencies for payments. As the cryptocurrency industry continues to grow, more and more businesses will seek to adopt cryptocurrencies as a mode of payment.