Background: cryptocurrency a standard payment option for school fees at pioneering new British curriculum school opening in Dubai this August.
UAE parents can now choose to use cryptocurrencies to pay for school fees at brand-new Chatsworth Schools-backed Citizens School Dubai, the first educational institution in the Middle East to embrace digital currencies from opening.
Set to open at the beginning of the next academic year in August 2022, Citizens School Dubai will accept payments from the two major cryptocurrencies Bitcoin (BTC) and Ethereum (ETH), these in addition to more traditional forms of payments and interest-free monthly payment options on offer.
Payments using cryptocurrencies are being accepted through a third-party tie up with a digital currency platform that securely processes cryptocurrency payments and automatically converts them to Dirhams (AED). Both parents and the school are fully protected in the process.
Re-imagining British education with digital technologies centre-stage
While the intention behind the school accepting crypto is to enable parents to have flexible payment options, it’s also part of the Citizens’ ethos of raising a generation of children who are not afraid to be early adopters of new technologies – this within a school framework that inspires its students to be both entrepreneurial and pioneering.
The K-12, non-selective school, aims to re-imagine education by equipping children with the broadest range of skills required to become citizens of the future – including learning about the importance of digital currency and blockchain technology, this in line with the UAE’s ongoing measures to formalise virtual assets.
The citizens schooling experience centres around future-proofing students by equipping them with a rich, connected bank of knowledge and skills relevant for the 21st century. It does this through a bespoke curriculum: Citizens Tapestry developed in partnership with the leading UK-based international schools group Chatsworth Schools. The curriculum is founded on the English National Curriculum but enriched further with six key threads; Entrepreneurship; Health & Wellbeing; Sustainable Leadership; Global mindset; and, Digital Literacy. Taken together, the aim is to provide students at Citizens School Dubai with the most comprehensive, forward-looking and holistic British curriculum available in a UAE school.
Building towards The UAE Centennial 2071
The move towards cryptocurrency payment options follows the Dubai Government’s recent adoption of its first law regulating virtual assets, this designed to guarantee a safe and advanced legal framework for investors. In line with the nation’s goal to become a global hub for cryptocurrency, Citizens School says it strives to help cement the UAE as a leader within a capitalised $1.9 trillion global digital economy. The move is seen by Citizen School Dubai as supportive of The UAE Centennial 2071, in its delivering an outstanding education for its students focused on the diversified knowledge economy.
The school seeks to rapidly establish itself as a contributing incubator for entrepreneurial ideas and children-led innovation in the UAE.
Dr. Adil Alzarooni, Founder of Citizens School Dubai told SchoolsCompared:
“A while ago, cryptocurrency was only a floating term among well-versed investors. However, today cryptocurrency is becoming much more mainstream, reshaping the traditional financial system. Similarly, Citizens is disrupting the education sector by re-imagining every element of the learning experience – be it the way our children learn, how we equip our teachers to be mentors, what our learners choose to wear, or the ways that parents can pay for tuition.
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 digitalisation, today’s children will become the entrepreneurs and investors of tomorrow.”
Hisham Hodroge, CEO of Citizens School Dubai clarified:
“Introducing the ability to pay tuition fees through cryptocurrencies goes beyond just providing another payment option. It is aimed at creating an interest in growing trends and breakthrough technologies that will have a profound effect on the lives of young generations.
It is also a means to further drive 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.”
Read more about what else you can expect from the newly opening Citizens School.
Read more about the UK’s Chatsworth Schools group here.
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