Citizens School in Dubai Embraces Crypto for Tuition Payments

Embracing the Future of Education Payments

In a groundbreaking move, Citizens School in Dubai is pioneering a new way for parents to manage tuition fees by accepting payments in cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). This shift is not just about convenience; it signals a larger transformation in how educational institutions are adapting to the digital economy.

The Mechanism Behind Crypto Payments

Tuition payments using digital currencies will be facilitated through a processing platform, which seamlessly converts these payments into United Arab Emirates Dirhams (AED). This process ensures that parents can pay in cryptocurrencies without worrying about the volatility often associated with crypto assets.

Statements from Leadership

Dr. Adil Alzarooni, the founder of Citizens School, expressed optimism for the future, stating, “We look forward to enhancing the role of young generations in achieving the UAE’s digital economy. Today’s children will become the entrepreneurs and investors of tomorrow.” His vision underscores an educational environment that not only embraces technology but also prepares students for the future.

Further Insights from the CEO

Adding to the conversation, CEO Hisham Hodroge remarked that offering cryptocurrency payment options transcends mere convenience. It serves to cultivate greater interest in blockchain technology—a key focus area for the school, which plans to incorporate blockchain into various academic and administrative functions over time.

Academics with a Modern Twist

Scheduled to open its doors in September, Citizens School will cater to students aged 3 to 11 and is positioned as an international school. Tuition fees range from 45,000 AED to 65,000 AED per year (approximately $12,250 to $17,700), excluding VAT, alongside costs for school lunches, a mandatory iPad for learning, field trips, extracurricular activities, and transport.

The UAE’s Digital Asset Landscape

With this innovative step, Citizens School is tapping into a broader trend as the UAE positions itself as a regional hub for digital assets. The country has introduced increasingly crypto-friendly regulations, facilitating the operations of major players like Binance and FTX in Dubai. Additionally, Abu Dhabi is actively drafting recommendations to regulate nonfungible tokens (NFTs), showcasing the rapid evolution of the digital economy in the region.