As we know, these few times many countries start to accept cryptocurrencies payments system in some aspects of life.

We already know about the tax payment system in Colorado, Malaysia start to accept the crypto system and followed by many other country.

And now, there is another news about accepting the crypto payments system.

In Dubai, there is Citizens School who tries to follow the payments system growth.

According to local news outlet Arabian Business, Citizens School, located in Dubai, will accept tuition payments denominated in Bitcoin (BTC) or Ethereum (ETH).

The payments system will use digital assets and facilitated via an unnamed processing platform and are automatically converted into United Arab Emirates Dirhams (AED).

Dr Adil Alzarooni as the founder of Citizens School points out:

“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.”

Then, Hisham Hodroge the CEO of Citizens School, added:

“Introducing the ability to pay tuition fees through cryptocurrencies goes beyond just providing another payment option. It is a means to drive further interest in the applications of blockchain — a technology that Citizens School intends to deploy, in time, across several aspects of its academic and administrative operations.”

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In addition, the school will open in September of this year.

The school will located in the heart of Dubai and appears to be structured as an international school.

They will open for students ages 3 to 11.

On their website, Citizens School lists its tuition cost as 45,000 AED to 65,000 AED per year.

($12,250 to $17,700) before VAT, school lunches, a mandatory iPad for learning, field trips, extracurricular activities and transport.

Moreover, the UAE has become a digital asset proponent in the Middle East with an increasing number of crypto-friendly regulations.

Both Binance and FTX have recently received their operational licenses in Dubai.

Meanwhile, regulators in Abu Dhabi are rolling out draft recommendations for the trading of nonfungible tokens.