Amidst the Ban of all form of Cryptocurrency by the Central bank of Nigeria earlier this year, a Private Secondary school, New Oxford Science Academy, Chiranchi, Kano, has announced that Parent can pay their Children fee in Cryptocurrency.
Addressing News men on Thursday, the proprietor of the school, Sabi'u musa Haruna has said the school management took the step after consultation with the students parents and Guardian. He further said the decision is aimed at easing the stress of paying the school fees by the parents.
In his words, he said “We have decided to accept Cryptocurrency as School fees because the world today is tilting towards the system. We believe one day digital money will gain acceptance than Paper money.
He also encouraged the federal government to adopt the system and regularise it. He also stated that Countries like El Salvador and Tanzania now accepts Cryptocurrency in their schools as a mode of payment.
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