Bitcoin accepted at New York pre-school

[aTriz]

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.

[szpalata]

"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.

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 !.

There is nothing to comment on a leader, he is a talented person, and he has very daring thoughts in the work, maybe he saw the potential of bitcoin, and now he He started investing in it his way.

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.

[Kakmakr]

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^

[cafucafucafu]

"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.

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 !.

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.

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^

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.

[digaran]

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.

[sumit513]

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.

Which city in India?

[bamboylee]

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.

[stompix]

This is pretty weird.

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

But Mr Ciocca said the school won't profit from up-and-downs in the market. Tuition payments in Bitcoin - they also accept some other digital currencies - get converted to cash instantly.

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.

[gilangIDR]

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.

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.

[SvenBomvolen]

"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.

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 !.

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?

[vermasangram]

that great for bitcoin users

[Rufsilf]

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.

[Prodigan786]

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 .

[megynacuna]

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.

[doomloop]

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.

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.

  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 . 

[timerland]

"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.

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 !.

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?

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.

[virasog]

"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.

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 !.

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.

[Em00n01]

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

[Dudeperfect]

"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.

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 !.

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.

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.

[aakashsangwan]

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.