Citizens School of Dubai to accept tuition payments in Bitcoin and Ethereum
Citizens School declared to integrate blockchain technology into several aspects of its academic and administrative operations in the future.
According to Arabian Business news, Citizens School will accept tuition payments in Bitcoin (BTC) and Ethereum (ETH) payments using digital assets are processing platform and are automatically converted into United Arab Emirates Dirhams (AED). Dr. Adil Alzarooni, the founder of Citizens School, stated:
"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."
Hisham Hodroge, CEO of citizens School, stated "introducing the ability to pay tuition fees through cryptocurrencies goes beyond just providing another payment option. it means to drive further interest in the application of blockchain technology that Citizens School intends to display in time across different aspects of its academic and administrative operation."
Citizens school lists its tuition cost as 45,000 AED to 65,000 AED per year, School launches 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. Binance and FTX have recently received their operation licenses in Dubai, in Abu Dhabi are rolling out draft recommendations for the trading of nonfungible tokens.