Bitcoin Forum

"The head of two Montessori schools in New York won't let parents pay by credit card - but he is accepting Bitcoin."

Bitcoin accepted at New York pre-school (http://www.bbc.com/news/business-40447963).

This is something really positive thing that bitcoin is being adopted where is a tech-savvy next generation. I am sure in next few years we are going to see such things happening in most of the countries.

There is a school in India which started accepting bitcoin way back in 2016.

This School Accepts Bitcoin ! (https://bitcointalk.org/index.php?topic=1663682.0).

Don't know how much truth there is to this story, but if it is true that's amazing to see something like this happening. Though I'll have to say, not accepting credit card does seem like a pretty dumb thing to do given that you're going to need to hit the masses when you're running a school like this, so you're kinda making a horrible business decision by not allowing people to use major payment options. But if he can afford to do something like this and it's a helpful publicity stunt for Bitcoin then so be it.

I'm not going to be the one to complain much!

Dumb?  I'd say that's goddamn retardified!  If you're balling enough to pay for a kindergarten like that, you're rich enough to pay how you want.   You could pay with plebian ballsacks if you wanted to, nevermind bitcoin.  But it's good to see mass adoption however it manifests itself.   Teachers there probably suck though.

I hate to be the party pooper but I don't think that this is great news at all. All it means is that the school wants some extra publicity and has done so by stating that they accept BTC. In reality, if a parent does end up paying in BTC then the school would cash it out for FIAT immediately. The school has bills to pay (electricity, equipments, salaries etc). Unless each link in the chain is prepared to accept BTC, there'll come a point where the BTC needs to be converted into old fashioned cash to pay said bills. My gut tells me that this link happens to be the very first one in the chain.
I'd be surprised and delighted to be proved wrong. 

I think thing that is more important than accepting bitcoin itself is that he is actually a) a bitcoin investor himself and b) not accepting any form of credit card payments. Kudos to him, because bitcoin is designed to be the alternative to credit card payments which is so easily hacked and used for fraud. The fact that he doesn't accept credit cards at all mean sthat he really does believe in bitcoin, and not just using it just to gain publicity. It's more of a statement to me.

Though indeed, he is converting bitcoin into fiat as soon as he receives it which i'm strongly against. It might just be that he thinks bitcoin price is too high at the moment to be sustainable. Hopefully, he is able to accept bitcoin as is instead of just using it as a payment processor, or gateway.

Yeah its a good start for bitcoin as being used in day to day life but have you thought that there can be some serious hiding of information about their real money earned. they can easily use those bitcoins to send to multiple accounts which don't even belong to them and hence money can be used for wrong things.

Already a school in India has started accepting bitcoin, so a pre school accepting bitcoin in New York doesn't look to be big. The reason is that the city has got majority of people aware about bitcoin as well the virtual currency compared to India, so this can be appreciated but this will happen commonly over the years to come.

This is great because this is a perfect example that people are now making action to finally show some signs that they are accepting bitcoin and bitcoin is a good way to pay something via making it as a payment option on their service. I'd like to see bitcoin is being accepted in malls so i can be easily purchase the things that i want with bitcoin.

It is funny that the montessori schools in new your wont let parents pay by credit card but they are accepting bitcoin. Maybe because they want to invest on bitcoin too and they know that it has a lot of potential to grow.

You are right! Every time establishment will use bitcoin as a payment is a big step of our community, it means the more they use it then more people will be informed about bitcoin and rest will follow.

That's not a good move for a "business" in my opinion, rejecting a payment type widely accepted like credit card but at the same time accepting a niche payment type such is bitcoin.
It's definitely good for the bitcoin community though, and has the potential to make more businesses start doing the same - I won't complain about that.

this is a great news for us because this will help to spread bitcoin into younger and they can know about bitcoin in early. i am sure that their teacher will be understand while someone explain about bitcoin in that school because they can read and ask more about bitcoin too. if this is success then i am sure other school will be follow this step and the more school will know about bitcoin too.

Hmm. Yes this is good news. But it's kinda weird because he doesn't accept credit card payments what? I know we want to spread the name of bitcoin for mass adoption but why is he forcing the parents to but Bitcoin for the payments? Definitely should be optional.

Of all schools, it is a pre-school that initiates the first move. That is simply amazing. I kind of love the idea of the man behind this school's policy. That is something novel. I hope such a brilliant and huge step encourages other establishments to do the same.

Yeah, that's​ a good news for the future purpose...
It's a process of getting popular and acceptable currency across the world, I think it will be one of the best currency in the future world. And I don't think that the process is wrong.

Wow im impressed! its stories like these which makes you believe more in bitcoin and its future.
I also like that its mainstream meadia reporting it "The BBC"

here is a quote from the article >

"About 10 parents of the roughly 300 students have opted to pay in Bitcoin so far..."

It just more and more adoption by everyone to make it more and more popular.
Thanks for posting

This is pretty amazing that the school have chosen not to accept credit cards from the parents and wanted bitcoins in payment instead, but I guess not every parents would know how to use bitcoins, this action might cause the school to lose some of their potential customers away to their competitors who accept payment in the traditional way.

Do not accept payment by credit card or other currency that only accepts payment by bitcoin? This is hard to believe, especially in kindergarten. But if this is true then it will be a good start for bitcoin in the future.

This type of information gives somewhat a great feeling for an ordinary user of Bitcoin just like myself. More and more establishments, businesses, or even schools are simply recognizing the wonderful usage of Bitcoin. Though it is not that too surprising for New York. Even here in my own country, I have seen some school here in the Philippines that accepts Bitcoin for tuition fee payments. If this trend continues, we might see most stores out there that accepts Bitcoin as payment, a very great news for all Bitcoin users.  :)

I don't want to disappoint the users, but almost all news of this kind are fake. Such luxury can afford only online stores. In my country, any subject of Commerce has the right to trade only in the national currency. You can't trade even for a recognized currency.

Is it was first ever school in the world accepted BTC?

If this things will be happen in new york. Another points and great news again for bitcoin community too. This will shows only that bitcoin is really doing an awesome things in any places of the world.

That's great, but your country isn't New York, where they can accept whatever payment method they want.  There's no law in the US that says businesses have to accept fiat.  Even convenience stores don't have to accept loose change as payment.  They can refuse that if they want to.  Thus any school like this can accept bitcoin and not credit cards.  I find that hard to believe, though.

Agree with above, this is probably fake news.  Wouldn't surprise me.

So he rejected the credit cards but is accepting btc? That doesn't seem that good to me, as I do not see anything bad for bitcoin but I see the possible struggle for the parents.

That was a good news that there are someone are accepting bitcoin like in pre-school in NY that honestly still here they are still not accepting bitcoin but i think bitcoin is growing and someday everyone bitcoin will know the good benefits of bitcoin ..
More local business will accept bitcoin.. But the only problem of using of bitcoin is the speed of the transaction and the increasing fee for every increase price of bitcoin that i think should be fix in the future..

Bitcoin could move forward and accepted in various sectors because of people who use and support this cryptocurrency, not only miners or devs team but every bitcoiners may have their own  idea or contribution for bitcoin usability in their neighborhood.
And many more such as; "The decision comes as an increasing number of places - including universities in London and Greece - take the digital currency as payment."
Bitcoin created to become an alternative in form of digital currency instead of just depend on govs or central bank fiat currency, so this kind of usefulness like a transition from being trading object into a real currency as medium of exchange.

Schools accepting Bitcoin won't really do much for the price or demand of Bitcoin. But what I don't understand is why the head of those 2 schools doesn't accept credit card. It seems like a pretty dumb idea to only accept Bitcoin, but I am not sure whether they accept other payment methods such as bank transfers or cash deposits. I doubt they would be something like paypal to be accepting payments from so many people, they would have to do a lot of work to make sure that the account doesn't get locked.

To be honest, it seems like a publicity stunt and I doubt that the schools don't accept credit card. Barely anyone owns Bitcoin compared to a credit card.

It is a good thing that bitcoin start to be implemented in many sectors, even though is not going help a lot in the transaction rate but it will help bitcoin popularity, and accepting bitcoin for education sector is a very good thing, the children will know bitcoin since they are young so it is a good way to introduce bitcoin to a young generation

Realistically, I don't think these kids will even learn about Bitcoin until they are at least in high school.

The reason I am saying this is at least we had computer labs, etc. when I was growing up - it just goes to show how long it may take for Bitcoin to become mainstream.

That's good news.
Bitcoin is being accepted by a lot of institutions.
It will get more popularity because of this.

If this were to be true, then it is a great step towards the wide use of Bitcoin all around. One should own a considerable amount of Bitcoin then to be able to cover the tuition fee of a pre-school student, especially at a school in New York? Only a few and mostly online enterprises accept Bitcoin and this kind of adoption would lead to the popularity of Bitcoin. However, the non-acceptance of credit cards is kind of dubious.

There's got to be more to this story. These schools are in lower Manhattan so these parents definitely have a good amount money and probably all have bank accounts....so why not just transfer him the money that way?

My guess would be these parents are trying to avoid reporting and paying taxes on their bitcoin profits. Getting him to take bitcoins is one way to cash out  without converting the bitcoin back to fiat and leaving an easy papertrail to follow.

that's can be a great start maybe it will gas up the industry, as we see that adoptions will make the system works, bitcoin will really make a big difference
in terms of payment system we will see more and more for sure as many business will follow this start, good luck bitcoin followers.

Yeah. It is great to see Bitcoin spreading like that. I don't know how much truth there is in that story, but I have heard the Indian government recently passed a law for Bitcoin. Education is an important aspect in our world today and the fact that people are recognising Bitcoin as a currency and not just 'Internet Money', is great. Hopefully, the introduction of Bitcoin will aid the struggling households in countries like India.

Moreover, we may even see a price rise, which is great!

Good to see that bitcoin is havingvits level up. I hope this is true that even in school people use it as an option to pay tuition.I hope someday even in my country this thing will happen too or more than this because even in public market or store bitcoin is not visible to be part of their store. I hope adoptation of bitcoin will.continue to rise up like others did. It is a big wow for me to see bitcoin is spreading not only in stores but also in schools.I look forward for more of this kind of news and more than this, it seems this school.is a bitcoin enthusiast so they make a move that surely hit the public views of bitcoin in all.

Why would anyone need to pay for anything offline using bitcoin? this is the one thing I could never understand, there is no bloody need for people to pay for anything offline, all we need is the ability to purchase items, digital goods only online when we're buying something from an online service.
Many people thinking that it's good if we could pay with bitcoin every where and every time we were about to purchase whatever it is but they're wrong, we only need to pay with bitcoin where the normal processors are denying us their services.

Woah, i have actuall ynever heard of the school that started to accept bitcoin in 2016. Thanks for sharing.

In my opinion, this is obviously going to be a source of publicity for bitcoin. Though whether it's good or bad, i'm not that sure. The school seems to be looking at bitcoin as a quick way to make money, and the tuition fees that they charge is absolutely ridiculous anyways.

The whole thing is probably just a publicity stunt, to get this sense of prestigious feeling for school parents. He brings up some good points as to why he chose to start accepting bitcoin, but all of them seems to be contradictory when he said that he would be not holding bitcoin directly, but rather converting into fiat straightaway. As a bitcoiner, i believe that you should at least hold 50% of all your income in bitcoin if you're getting paid in bitcoin, and not convert the whole sum into fiat.

WOW!! That's good news I have ever seen before... Now tution fee will be Bitcoin kkk but you know, the rate of bitcoin still very high :( I don't think that is good idea to apply for our real life

Do they reject Credit cards but accept Bitcoin as  a payment method? wtf?
So that they think that Bitcoin is easier for parents to use? Or are they thinking that when they do that, every other school all over country will continue to use Bitcoin like them? So confused

My friend share this news story with me the other day. More and more companies, entities, and overall people are accepting Bitcoin as legitimate payment and even more people know about blockchain technology.

Lol guys, give him a break...

It's probable that this has been done as a part of a publicity stunt, but who cares? After all, he has done what he has claimed - accepted bitcoin. No matter how he does it, whether he converts his bitcoins into fiat or not, he is accepting bitcoin, and that is all he claims.

It would be definitely better if he kept the bitcoin himself, instead of cashing it out instantaneously. But it's his choice, maybe he thinks bitcoin is in a bubble right now and want to get out of it until the fork happens.

either way, it'll encourage economic activity with bitcoin, and one more bitcoin merchant is always better. So i see no negatives with this story whatsoever.

Exactly, I think it's a wise investment that will take a little time before  the parents and board of the school will appreciate the head for such an insightful investment. It speaks well for Bitcoin in newyork and the United States as a whole because this will create awareness and bring onboard more investors.

You would get in a world of trouble, if you only accepted Bitcoin and not your countries reserve/local currency. I would much rather opt for the option to give parents the option to pay full price, if they paid with any other payment option than Bitcoin and give a 10% discount for people who pay with Bitcoin. It will be illegal in many countries to do this and I know actions like this will generate a lot of complaints from parents. ^hmmmmmmm^

No matter whether the owner of the school was just trying to generate some boost to his business by doing this or not, i think that in the end he is still acceptnig bitcoin, and that means a lot. A lot of close minded people haven't even heard about bitcoin, and for him to be able to accept it in a real life business is extremely cool. Just expanding the real life uses of bitcoin imo.


Well... I really don't see a problem with someone saying that i only accept bitcoin, nothing else. But i guess the 10% off if you use bitcoin would be an extra incentive for the parents to start using bitcoin and pay their son/daughter's fees with it.

This is another topic where every body starts with a "WOW this is nice and good news hopefully we see more of this in the future as this will definitely help the growth and adoption of Bitcoin".
Now imagine Justin Bieber cums on some Bitcoin logos in a concert or music video, then we'll see millions of faggots and sissies around this forum. lol
Saying in to the face of parents that they only accept Bitcoin and nothing else requires some big balls I'll give him that.

Which city in India?

This is good news. Not a big news like a country legalizing bitcoin but a step toward the right direction at least. This kind of news brings positive effect to bitcoin awareness and mass adoption.

This is pretty weird.

So they are no accepting credit cards. Good.
But.


The bitcoins will get converted instantly so you can do that only with an exchange and with a bank account.
So, why denying bank deposits in the first place?

Publicity stunt probably more than love for bitcoins.
Also, it's a bit late.

https://www.wired.com/2013/11/bitcoin-university/  11.21.13.
There was a time when accepting bitcoins was cool.

Yes I agree that this news can make bitcoin more popular among the people. Although not as big as the adoption of a country but a school that received bitcoin can teach many families that bitcoin can be used for various financial transactions. If this can be maintained and also disseminated to other places will definitely be a major effect for the development of bitcoin in the future.

I don't know how to react on this news. From the one side it's good for bitcoin mass adoption, but from the other side the head of the school makes parents to choose: pay with cash all in once or pay with bitcoin, I know the education in the USA in not cheap and not everybody got the idea of bitcoin yet, so, I suppose people will chose another school or will have to get what digital currencies are in a short period. Am I wrong?

that great for bitcoin users

If i were in New York, i will definitely send my children to that school because i can easily provide education to my children by just paying bitcoin which is already being convenient for me because it is an advantage of me because i purchased a lot of bitcoins a few years ago and now i can enjoy it and i will start from paying the school expenses of my children via bitcoin.

Its really awesome the person not accepting credit card even he is ready accept payment in bitcoin its really good move. Great going people are slowly moving transaction like schools and restaurants in bitcoin .

Yes and I will urge them on to keep integrating Bitcoin into ever facet of our respective lives and with time there will be global recognition and a corresponding increase in its prices for we the investors to rake-in profit.

  here I am agree with your post that bitcoin is now going up and up we can see its price increasing day by day, so not just in  new York pre-schools but now it’s acceptable in many schools of my country and it will definitely make bitcoin more popular and will increase its value as well . 

Well, if the tuition that is offered at that school is really good, like above and beyond every other school then i really see no reason why they don't want to accept credit card payments because there is going to be a predominantly rich parents funding the student's school fees.

The biggest concern though is that although they said that they like bitcoin and have invested in it, they are essentially taking no risk by accepting bitcoin. Because they're simply going through a payment processor such as Bitpay and this simply doesn't have any difference at all when compared to accepting credit cards, because in the end you're still guaranteed a USD sum.

To achieve stability, btc needs to have merchants accepting bitcoin value instead of accepting bitcoin for its usd value.

This is amazing if this is really true. Another accomplishment for bitcoin, it is like publictizing the coin. Very nice to know that even in school they make this an option to use bitcoin it is like bitcoin is upgrading not only in market but in schools too. I think now it is time to realize the importance of this currecny. Soon there will be bitcoin acceptaed everywhere and we will realize we are in a truly digital world.

Wow! That's a great news! Hope one day our country will mark bitcoin as a legal currency and start accepting bitcoin.

Exactly, next generation is a faster when it comes to the capturing or absorbing new technology and Bitcoin is not an exception, I am sure in next 5 years we will see many users will be from the age group of 18 to 24 years old. School is a very friendly place to explain about such new technology to the kids and it will make them familiar with the concept. It is also important to implement as we are heading towards cashless society and crypto currencies will play a key role in the process.

I also heard about this just a few days ago, and also that there are about 10 parents who are paying their kid's fees in bitcoins which I believe is an amazing thing. And this school deserve a pat on their back for discovering such an innovative way to attract attention.

That is good news and growing of bitcoins because many people started adopt bitcoins on their business
that is just beginning in the future will many many people, corporations and government adopt bitcoins.
The good news for bitcoins right now is Lightning Network Developer is Bringing Smart Contracts to Bitcoin https://t.co/lZznjRYv8a
 let's wait and see about this new innovations on bitcoins.

Bitcoin accepted at a New Your Kindergarten is a good thing. Thus, acceptance of bitcoin payments will be widespread. Many agencies, organizations, restaurants, amusement parks will agree to pay by bitcoin instead of cash, bitcoin will have a longer standing position.

wow! It is really a good news and its perfectly true that bitcoin is now accepting in new York pre schools as a currency and the price of the bitcoin because of this step has increased a lot bitcoin is a worldwide currency and china, Japan is also accepting bitcoin as a real currency now.

This is a good thing, with the increasing number of educational institutions receiving bitcoin can guarantee bitcoin used by other educational institutions, I hope not only stop here.

It does not matter if it's not that big but it is on how it makes people aware of bitcoin. This does help a lot on advertising bitcoin. Little by little it is spread on the community, the town, the state and then finally the whole country.

Last year,a school in india which is located in bangalore,in karnataka state announced that it would accept donations in bitcoin.Now after a year,schools in new york have announced bitcoin as payment.Soon,it would spread to other parts of the world.

WOW !!! How cool school in New York is wearing bitcoin, amazing. ha ha ha. Unlike in Indonesia cash and debit to pay a need.

Impressed, I know for a fact that NY is on the fore front of bit coin adoption. A lot of shops, delis etc accept bitcoin as payment. I think they are also the State with the highest number of bitcoin ATMs, or thereabout. This is positive news for bitcoins, and BBC is usually wide read and a reliable source.

I don't know about New York school that they are accepting bitcoins are not. but in India what he mentioned Dharwad International school is accepting bitcoins it is false news. They are not accepting any bitcoins in fact that school teachers don't know what is bitcoin. I think some people are spreading false news.