Nigerian school to accept fees in cryptocurrencies

A private secondary school in the northern Nigeria city of Kano has adopted cryptocurrency as a means of payment for school fees.

There has been controversy over the use of cryptocurrencies in the West African nation, as in February the country’s banks were banned from dealing in them.

But the head of the Oxford Science Academy, Sabi’u Musa Haruna, told the BBC that the school had decided to collect school fees using cryptocurrencies because of their growing acceptance around the world.

He said the parents of students had been consulted and many had welcomed the decision.

However he said paying school fees with digital money was not compulsory.

Watch the video below to find out how cryptocurrencies work:

-BBC

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