Scotland's Lomond School has announced that it will accept bitcoin payments and consider building a bitcoin asset reserve, becoming the first in the UK

Scottish private boarding school Lomond School has announced that it has decided to accept bitcoin payments after many local and foreign parents made requests, which means the school will become the first school in the UK to start accepting bitcoin payments. It is reported that Lomond School will accept bitcoin in stages and will convert the received digital currency into pounds. The school also said that it will ensure full compliance with UK financial regulations when accepting bitcoin, and will consider establishing bitcoin reserves if the use of bitcoin in the UK expands.