30 Jun '17, 12am

Bitcoin accepted at New York pre-school - BBC News

Bitcoin accepted at New York pre-school - BBC News

Image copyright AFP/Getty Image caption Bitcoin is worth more than $2,500 The head of two Montessori schools in New York won't let parents pay by credit card - but he is accepting Bitcoin. Marco Ciocca, co-founder and chairman of the Montessori Schools in Flatiron & Soho, added the option in June, after growing inquiries from parents. The decision comes as an increasing number of places - including universities in London and Greece - take the digital currency as payment. About 10 parents of the roughly 300 students have opted to pay in Bitcoin so far, Mr Ciocca said. He predicts that number will rise in coming years. "If we talk about just the sort of transactional ease... I think this form of payment will continue to grow," he said. Bitcoin is a digital currency that was first used in the real world in 2010. As acceptance has grown, so has its value. Bitcoin's worth has m...

Full article: http://www.bbc.com/news/business-40447963

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