Dubai: The use of bitcoin as a currency is expanding around the world, soon school fees will be paid in this digital currency.
A school in Dubai, United Arab Emirates, has said in a statement that it has begun considering the option of charging fees in digital currencies such as Ethereum and Bitcoin.
It should be noted that until a few years ago, the majority of the people were not even aware of the name of bitcoin or cryptocurrency, but after the Russian invasion of Ukraine, its echo is being heard all over the world.
According to Gulf media, a statement issued by Citizens School said that after the legislation on corrupt assets was enacted by Dubai, we are considering providing a facility for parents to pay fees in the form of bitcoin and ether. have been.
According to the school administration, the procedure and platform set by the government will be used to recover the cryptocurrencies. This platform automatically converts the digital currency into dirhams.
Zavia Adil al-Zarrouni, the founder of the Dubai school, says that in the past, cryptocurrency was only circulating among investors, but now it is joining the mainstream and changing the traditional financial system.
According to the administration, this will increase the role of the young generation in the UAE’s digital economy.
Earlier this month, UAE Prime Minister Sheikh Mohammed bin Rashid Al Maktoum approved a new law on digital assets.