Kano School Now Accept Cryptocurrencies For School Fees Payment
A secondary school located in Kano State has confirmed that parents now have the option to pay their school fees of their children and wards who are students of the school using cryptocurrency.
The school, New Oxford Science Academy, located in Chiranchi area of Kano explained that the move is in line with current technological developments worldwide.
The principal of the school, Sabi’u Musa Haruna who confirmed the development said that they believe that parents and guardians will now find it easier to make school fees payment.
mNaija recall the federal government through the Central Bank of Nigeria, has banned the trading of cryptocurrency in the country.
However, Haruna who spoke to a Punch correspondent called on the federal government to embrace digital currency as countries, like El-Salvador and Tanzania have done.
“We have decided to accept cryptocurrency, as school fees, because the world is tilting towards the system.
“We believe that very soon digital money will be a lot more acceptable than paper money.
He urged the Federal Government to “embrace the system and legalize it.”