Preschools digital

OK, all you people out there who think Bitcoin won't ever catch on and be used as a currency or form of payment. Seems a couple of private New York preschools (Montessori Schools) will accept some digital currencies to 'enlighten' young children. Oh WOW, a forward thinking school in New York. Where do you want to send you kids? Montessori (and pay in bitcoin) or P.S. 357? Hmmmm!

(Bill Taylor/CEO)

"Two private preschools in New York City now accept bitcoin and two other cryptocurrencies for tuition payments, according to their co-founder.

Montessori Schools, based in the Flatiron and SoHo neighborhoods of Manhattan, began accepting bitcoin, ether and litecoin in June. Payments are accepted by way of an integration with digital currency startup Coinbase, which automatically converts the crypto payments to US dollars.
The preschools ascribe to the Montessori philosophy of education, an approach to learning developed in the early 20th century by Maria Montessori. According to online materials, tuition at the schools can run as high as $30,950 per annum – worth roughly 12.3 BTC at current prices.

Marco Ciocco, co-founder and chairman of the schools, told CoinDesk that the move to accept digital currencies for tuition payments began more than a year ago, following requests from parents. As more requests came in, Ciocco said, school officials started to seriously weigh how it could work..."

Source: Coindesk