Citizens School said it is working on integrating blockchain technology into different parts of its admin and academic operations in the coming years.
According to Arabian Business, a local news outlet, Citizens School, which is located in Dubai, has decided to start accepting tuition payments in Ethereum (ETH) and Bitcoin (BTC). Payments with crypto assets are supported by different processing platforms, and the school will automatically convert them to the local currency, United Arab Emirates Dirhams (AED). Here is what Dr. Adil Alzarooni, the founder of Citizens Schools, had to say about it:
Meanwhile, the CEO of Citizens Schools, Hisham Hodroge, added that introducing the ability to pay fees via cryptos is way more than simply providing a new channel for clearing fees. It is another way of driving interest in the application of blockchain technology. This is why Citizens Schools target to employ blockchain technology even in other areas of blockchain technology.
The school, which is opening in September, is structured as an international school and is located in the heart of Dubai. It takes students of 3-11 years. On their website, Citizens Schools’ tuition is between 45,000 AED to 65,000 AED per year before VAT. Field trips, school lunches, iPad, transport, and extracurricular activities are mandatory in h school.
In the Middle East, UAE has emerged as a strong digital opponent by increasing the number of crypto-supportive legislations. Both FXT and Binance have already received their licenses for operating in Dubai. In another blockchain-related report, Dubai is set to roll out recommendations for the use and trade of non-fungible tokens (NFTs).
Suggested Reading: Securing and Growing Your Crypto Assets