A popular private school in Kano State , New Oxford Science Academy, Chiranchi, says that it has started accepting payment of school fees in cryptocurrency.
It was reported that the owner of the school, Sabiu Musa-Haruna, told reporters on Thursday.
Mr Haruna added that the decision was aimed at easing the payment of school fees.
According to him, the decision was arrived at after due consultation with parents.
“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 more acceptance than paper money,” he stated.
Mr Haruna added that countries like El-Salvador and Tanzania are already accepting cryptocurrency in their schools.
He, therefore, urged the Federal Government to quickly embrace the system and regularize it.