Dubai School Accepts Bitcoin, Ethereum As It Breaches $48,000

Over the last few months, Bitcoin [BTC] has branched out into a variety of businesses. The world’s largest cryptocurrency has now made its way into Dubai’s educational system.

Bitcoin’s journey from being a crypto linked with the dark web to becoming an asset that has made its way into classrooms is quite remarkable. Despite the fact that it did not have support from government authorities all around the world, BTC rose to the top. Citizens, a brand new school in Dubai, is now launching a platform for crypto-addicted parents.

The school has partnered with a crypto payments processor that would ease the conversion of crypto into Dirhams [AED].

Citizens jumped onto the Bitcoin bandwagon following the mainstream adoption of the cryptocurrency. The founder of the school, Dr. Adil Alzarooni said:

“By introducing this new payment facility, we look forward to enhancing the role of young generations in achieving the UAE’s digital economy. As more people embrace the era of digitalization, today’s children will become the entrepreneurs and investors of tomorrow.”

Off late, Dubai seems to be diving deep into the crypto-verse. An array of platforms have been viewing Dubai as a potential crypto hub.

Bitcoin surges over $48K for the first time in 2022

BTC had been maintaining a low profile right from the start of this year. While meme coins took the front stage, Bitcoin did not witness any major changes. However, the asset’s recent jump to $47K was widely lauded by the community.

The world’s largest cryptocurrency wanted to push its limit. As a result, BTC soared over $48K for the first time in 2022. The asset surged to a high of $48,086.84. However, during press time, BTC retraced and was trading for $47,570.18 with a dainty increase of 1.32 percent.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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