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Scotland's prestigious private school has established the world's first fund utilizing Bitcoin, the "Satoshi Scholarship."
Table of Contents* 1. Prestigious universities establish Bitcoin scholarship fund
Prestigious English Schools Establish Bitcoin Scholarship Fund
Lomond School, a prestigious private school in Scotland, announced the establishment of the world's first Bitcoin-based scholarship program, the 'Satoshi Scholarship', on May 7, 2025.
This scholarship is named after "Satoshi Nakamoto," the creator of the cryptocurrency Bitcoin (BTC), and the school has established an innovative scholarship fund utilizing Bitcoin in collaboration with the renowned economist Saifedean Ammous.
Mr. Amus has expressed his intention to support the development of a curriculum on "Austrian School Economics" for the students of the school and to promote innovative initiatives that integrate knowledge and education about Bitcoin.
He commented on this announcement as follows.
Source and Curriculum of the Satoshi Scholarship
The Satoshi Scholarship offered by Lomond School is available for a total of 42 students, with 21 places for boarders and 21 places for day students, covering the full tuition for the 2-year International Baccalaureate (IB) program.
This scholarship is open to any student interested in economics and innovation, regardless of their family's financial situation, and aims to nurture the next generation of critical thinkers.
Principal Claire Chizam stated in a podcast, "Since introducing Bitcoin for tuition payments, we have received a response from the Bitcoin community that has exceeded our expectations. The establishment of the scholarship program is a natural progression stemming from that flow."
Mr. Ams also expressed his enthusiasm for this project, emphasizing that "it is essential for the next generation to understand correct economics in order to realize freedom and prosperity in the future."
Through the cooperation of both parties, scholarship students will be provided with a unique economics curriculum that emphasizes the "sound money" philosophy of the Austrian School of Economics and financial literacy. Additionally, practical education on decentralized financial systems, such as experiential learning utilizing Bitcoin mining equipment, is also planned.
The funding for the scholarship is planned to be covered by donations from the Bitcoin community, and the school is seeking supporters for a total of 43 slots, including 42 scholarship recipients and 1 program sponsor.
Principal Claire Chizam said the following to her supporters.
The Use of Cryptocurrency Expands in the Education Industry
The establishment of the Satoshi Scholarship this time can be seen as a pioneering example that symbolizes the globally expanding trend of utilizing cryptocurrency in the field of education.
Lomond School has already decided to introduce Bitcoin payment for tuition fees, the first in the UK, starting from the autumn term of 2025.
Furthermore, we are planning to introduce a "Bitcoin Mining Heater" that utilizes the heat generated from Bitcoin mining operations to warm classrooms, showcasing an innovative approach to incorporating decentralized technology into the educational environment.
Moreover, there is an active movement for educational support throughout the entire cryptocurrency industry, and in the United States, major blockchain company Ripple announced on May 5, 2025, an educational support program worth $25 million (approximately 3.6 billion yen) utilizing its stablecoin "RLUSD."
As the global efforts to utilize cryptocurrencies (cryptographic assets) in the field of education expand, the establishment of the Satoshi Scholarship by Lomond School in Scotland is garnering significant attention as a pioneering example of the fusion of education and blockchain technology.
*The price is based on the exchange rate at the time of writing (1 USD = 143.53 JPY).
Source: Lomond School Announcement
Writing & Translation: BITTIMES Editorial Team
Thumbnail: AI-generated image