Wow, another achievement for bitcoin. I would not be surprised if this school will also care to educate their students about the value of bitcoin, and how it’ll be used and apply it on our lives. This is a great step for bitcoin, and hopefully more neighboring countries will be able to adopt bitcoin as part of their daily life living, or even accept it also in paying their country’s tuition fee in schools.

If they have no other source of income then deciding to convert to fiat is a must because the school's operating costs must of course run according to needs. But this step can be said to be quite efficient as long as the school has spare money to cover operating costs so that bitcoin can be stored and returned to profit when the next ATH comes.

Schools cannot save on operating costs because those needs are definitely used up and in my opinion what they need to do is how to create a reserve of money to cover those operating costs so that they don't have to sell bitcoin every time they need money

This is a good lead that people are beginning to accept the use of bitcoin in their businesses, and this a sign that more people will adopt to it in the future. However, this will make those students who's parents that doesn't know about crypto currency know about bitcoin and adoption to it. At least the world is get advanced everyday, this means in future more people will be using bitcoin in their business.

If it’s what they would like to do, there isn’t a reason why they shouldn’t be doing it in this recent dispensation where, governments of the world are looking towards exploring the cryptospace for its benefits. It’s only normal and wise for other fields of business or human endeavor to take a page in it while it’s still early.

What could be the worst for them?
Nothing really as these Bitcoin tuitions could be converted in the minute they find any discomfort or hodl it like many of the governments of our world plan towards building a reserve Bitcoin portfolio.

Ya, I figured. It would be depend on whether schools have alternate revenue streams to keep the school going during that "no bitcoin sales" periods but my best guess is that no schools have that and they operate on a cycle of  collect fees <> pay bills/cover expenses.

Only a handful of school have investors that can readily sort of the bills while in that waiting period. Even if that's the case, lomg term, they would still sell bitcoin.

The benefit is in the adoption and onboarding of new people to use Bitcoin.

Over time we have discussed several news items like this, and for me nothing changes. On the one hand I'm glad that the option to pay in bitcoin is available in more and more places but on the other hand I highly doubt that it will be a massive payment option. How many of the potential students (or their relatives) have bitcoin? How many of those who have bitcoin are going to have enough to pay the fees? And if there are any, what are they going to do, save the fiat and spend the bitcoin?

My point is that this type of bitcoin payments are going to be residual.

Take note that the school does not have any plans of introducing BTC into their curriculum, they never said that, they are only adding a new method of paying tuition fees, and that is through BTC, for the parents and guardians who want to pay through this method.

I saw from one source that the school charges up to £38k per annum, that is a very high amount, and if we are being very honest, only few people would be willing to pay that amount in BTC, except the individual is worth a lot of BTC's.

As I said above, I think this news is pretty uninteresting.

It would be otherwise if

• school has decided to invest in bitcoin, holding the bitcoin paid as tuition. Intesa they don't even touch Bitcoin, as they are converted even before reaching the school account
• they had decided to embrace bitcoin, or one of its central fundamental pillars (cryptography, Austrian economy, distributed networks), as part of their curriculum. This didn't happen either.

It’s kinda nice knowing that the payment for a thing where knowledge is related like it’ll expand more and might bring more knowledge to the everyone about cryptocurrency easily. Vice versa, thid move will definitely attract more students internationally because bitcoin is already on it’s way as an global asset. Lomond School may build a reserve of Bitcoin as part of its financial strategy. This move marks a significant shift in how educational institutions in the UK are approaching digital currency.

In my country public schools get cash assistance from the government and perhaps if the situation in the school is the same then they could use the funds as a measure to cover operating costs so they don't have to sell bitcoin every time they need money. Another situation is they could create a reserve fund for operating costs and that funding could be from outside investors for a year and that is prepared well in advance.

If the concept of accepting bitcoin is on the agenda, then something like this needs to be well prepared so that schools do not have to sell bitcoins all the time and this process will be a step in how schools can create more favorable policies towards accepting bitcoins.

Literally perhaps with the existence of a bitcoin acceptance system in schools, several other institutions will try to imitate it and this will be a much more optimal adoption.