Dubai school accept Bitcoin As a Tuition Fees

Husires

legendary

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Adoption is by accepting bitcoin, and not converting it to the local currency.

Many institutions accept bitcoin because it means more requests and it does not cost them anything
Rarely find a school or institution that keeps bitcoin as an asset or against inflation.
Dubai is a pioneer in coding, but it does not adopt ideas, but rather supports them, and therefore will support existing projects.

Adoption is slow in that area, but it's better than nothing.

naira

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Based on the article you shared, "The school has tied up with a crypto platform that converts BTC and ETH into dirhams." So is this adoption? Of course not, this is only an alternative where the school accepts payments and then exchanges them back into Dirham aka fiat. Here maybe you can conclude for yourself if you accept Bitcoin and ETH and then end up in fiat again.

Maybe the positive point that I take is in accordance with the final submission of the source that to introduce crypto payment methods so that one day the next generation will become more friendly to the digitalization era.

Quote

“By introducing this new payment facility, we hope to increase the role of the younger generation in achieving the UAE's digital economy. As more people embrace the digital age, today's children will become tomorrow's entrepreneurs and investors."

suryana

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Trphy.io

this has become an extraordinary topic with the theme that one of the schools in Dubai is planning to accept payments using bitcoin, but these things have been discussed very often how many companies or schools will accept payments using bitcoin but this is until now has never been realized as stated in the topic above.but if this can really be realized then bitcoin will be introduced by various groups of people, especially considering that the United Arab Emirates is a large country with very rapid economic growth.

ajochems

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Adoption was the needed one for the new lift of technology.When the adoption happened with the new technology,the usage of that technology increased to the next level.So this leads to the adoption of bitcoin by the parent of the that school.If the people who had joined his children will trade of bitcoin,then their will be huge flow of bitcoin.It’s enough for the new pump in bitcoin price.

razeiv

newbie

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Absolutely Imran. My country(India) needs to learn something from it but first, they need to think about the crypto tax.

so98nn

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That’s fine for the seeding activity throughout the school students and their parents. It won’t be global news I believe. To have greater extent of effect the news should read like this: “From now onwards all the schools and colleges in Dubai will accept bitcoin as payment option”. That would initiate global impact but again it matters a lot how they will manage it and publish the news.

Anyways, I’m happy to see how different sectors and organization are at least thinking about accepting bitcoin in some way or other.

oHnK

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Quote from: kryptqnick on March 30, 2022, 09:13:11 AM

I decided to read about the school, and it seems oriented towards the digital world (the first image on their website is a kid in a VR headset), so I suppose accepting cryptos is natural for it. As for the fees, they seem quite typical for a high-quality education of a private school, and the fee is in line with the average for an international private school in Dubai. Since the school is very new, it's unclear how popular it will become and what sort of education they'll provide, but it's good that they're open towards cryptos from the beginning. It should be mentioned, though, that the fees will be converted to fiat automatically, so it's not exactly fully embracing cryptos, but still.

Although this wont influence significantly but the adoption will remain give a positive vibe in the market. They have educate people in the school to know more about crypto. Maybe there is still people who didn't know what is crypto because there's chance to pay in crypto, make them know about crypto indirectly. This is my simple thinking way.

kryptqnick

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I decided to read about the school, and it seems oriented towards the digital world (the first image on their website is a kid in a VR headset), so I suppose accepting cryptos is natural for it. As for the fees, they seem quite typical for a high-quality education of a private school, and the fee is in line with the average for an international private school in Dubai. Since the school is very new, it's unclear how popular it will become and what sort of education they'll provide, but it's good that they're open towards cryptos from the beginning. It should be mentioned, though, that the fees will be converted to fiat automatically, so it's not exactly fully embracing cryptos, but still.

Imran232

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Quote from: Bushdark on March 30, 2022, 06:28:07 AM

<.......>
why don't you add description of what prompted the urge to create this post.

I have no idea that is why i mentioned the news source. If you want to know more about it please visit the Full NEWS.

Quote from: Chato1977 on March 30, 2022, 06:40:20 AM

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i am not sure if they are the first in Middle east to accept crypto but at least this is a great act and assurance that there are schools that tries to finally adopt in crypto for the benefits of everyone , not just their student but also parents and the school itself.

According to Yahoo news they are the first school in middle east. You can read the full news. Thank you

Quote from: Rikafip on March 30, 2022, 06:42:59 AM

While it will be possible to pay school tuition in BTC, transaction will be done using a 3rd party so in the end school gets fiat. It's a good news nevertheless and step forward but I think that is important to differentiate using 3rd party and paying directly using Bitcoin as its a completely different thing since other schools are already doing that'

Actially i am not thinking about how they take their payment or not. I am just thinking about how this addoption incourages those student who are from that school. They are able to learn about bitcoin and they will spread about bitocin which is a best part i think. BTW thank for shareing about your thought.

Rikafip

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Quote from: Imran232 on March 30, 2022, 06:18:06 AM

This is called adoption. And Dubai is always first to experiment technology. And this is a proof of it. Whats your opinion about this adoption? Othercountries should learn something from this. And this is a proof that bitcoin is unstopable.

While it will be possible to pay school tuition in BTC, transaction will be done using a 3rd party so in the end school gets fiat. It's a good news nevertheless and step forward but I think that is important to differentiate using 3rd party and paying directly using Bitcoin as its a completely different thing. Additionally, other schools are already doing that so its not like Dubai is first that is implementing that, like someone reading your post might think.

I visited Dubai last year and while I wasn't impressed with the city at all, I was surprised to see how many crypto professionals decided to move there for good. It's like a crypto sillicon valley at the moment.

Quote from: Bushdark on March 30, 2022, 06:28:07 AM

What happened in Dubai school?
Why don't you add description of what prompted the urge to create this post.

Why don't take your time, read the post again and check the link that was provided? If you did that you wouldn't ask questions like that.

Chato1977

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Quote from: Imran232 on March 30, 2022, 06:18:06 AM

A local school In dubai accept bitoicn and ethereum as a tuition fees. This school has become the first educational institution in the Middle East to accept crypto.

I know that in Europe and US there are several schools/colleges that accepts crypto as payment but this in Dubai? i am not sure if they are the first in Middle east to accept crypto but at least this is a great act and assurance that there are schools that tries to finally adopt in crypto for the benefits of everyone , not just their student but also parents and the school itself.

Bushdark

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What happened in Dubai school?
I was expecting to see some written facts or description about the school and what makes it unique for viewers to appreciate. Why don't you add description of what prompted the urge to create this post.

Imran232

full member

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A local school In dubai accept bitoicn and ethereum as a tuition fees. This school has become the first educational institution in the Middle East to accept crypto.

Full news

This is called adoption. And Dubai is always first to experiment technology. And this is a proof of it. Whats your opinion about this adoption? Othercountries should learn something from this. And this is a proof that bitcoin is unstopable.

Topic: Dubai school accept Bitcoin As a Tuition Fees (Read 147 times)