Dubai-based Citizens School will accept tuition fees in bitcoin (BTC) or ethereum (ETH), according to local news agency Arabian Business. Digital asset payments are facilitated through an unnamed processing platform and are automatically converted to UAE dirhams (AED). Dr. Adel Al-Zaruni, founder of the Citizens School, commented:

“We look forward to enhancing the role of the younger generation in building the digital economy of the UAE. As more people embrace the digital age, today’s kids will become the entrepreneurs and investors of tomorrow.”
Meanwhile, Hisham Hodroge, CEO of Citizens School, added: “Offering the ability to pay for tuition with cryptocurrency goes beyond just offering another payment option. This is a way to increase interest in the use of blockchain, a technology like Citizens The School that intends to spread at the same time. fits in many aspects of his academic and administrative work.

The school, which will open this September, is located in the heart of Dubai and appears to be organized as an international school. It is available to students aged 3 to 11. Citizens School’s website lists tuition fees ranging from AED 45,000 to AED 65,000 per year ($12,250 to $17,700) excluding VAT, school meals and the mandatory iPad. education, excursions, leisure and transport.

The UAE has become the digital asset ambassador in the Middle East with a growing number of crypto-friendly regulations. Both Binance and FTX recently received licenses to operate in Dubai. Meanwhile, regulators in Abu Dhabi are putting forward proposals for guidance on trading non-fungible tokens.

Source: CoinTelegraph