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10 Rich Families Are Paying Their $30,000 Preschool Tuition in Bitcoin

• https://motherboard.vice.com, DANIEL OBERHAUS

At least 10 New Yorkers are paying their children's $30,000 annual preschool tuition in bitcoin, according to Marco Ciocca, founder of "The Montessori," a chain of two schools in Manhattan's SoHo and Flatiron neighborhoods.

Earlier this week, Coindesk reported that the luxury preschool started accepting cryptocurrencies as payment for tuition. In a follow-up interview with Motherboard, Ciocca told us 10 families have paid or are planning to pay in cryptocurrency, and said the school began accepting payments in bitcoin, litecoin, and ether on June 1 as a response to the "numerous requests from parents to pay with digital currencies."

The Montessori promises to teach preschoolers "practical life activities," "self care," "self-expression," "language," and "sensory-motor development," including "learning to button, zip, and snap, take off and put on their own shoes, and successfully use the toilet" and well as "sweeping, folding, scrubbing, polishing, and setting the table." Admission requires a personal recommendation as well as an interview with the prospective student/toddler. The school boasts that graduates often attend some of New York City's most prestigious elementary schools.


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