Bitcoin accepted at New York pre-school

Bitcoin accepted at New York pre-school - BBC News

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    Bitcoin is worth more than $2,500

    The head of two Montessori schools in New York won’t let parents pay by credit card – but he is accepting Bitcoin.Marco Ciocca, co-founder and chairman of the Montessori Schools in Flatiron Soho, added the option in June, after growing inquiries from parents.The decision comes as an increasing number of places – including universities in London and Greece – take the digital currency as payment.About 10 parents of the roughly 300 students have opted to pay in Bitcoin so far, Mr Ciocca said.

  • “If we talk about just the sort of transactional ease… I think this form of payment will continue to grow,” he said.Bitcoin is a digital currency that was first used in the real world in 2010.
  • I bought Bitcoins in 2011 – now they’re worth ÂŁ19,000’It’s not just Bitcoin anymore…Parents who invested early and have ridden the currency’s rise get something like a discount on the school’s hefty $31,000 tuition.But Mr Ciocca said the school won’t profit from up-and-downs in the market.
  • Tuition payments in Bitcoin – they also accept some other digital currencies – get converted to cash instantly.The decision to accept digital currencies matched the schools’ identity as “forward-thinking” and appealed to a pool of families drawn from tech and finance worlds, Mr Ciocca said.
  • He’s working to offer the option to parents at two sister schools run by his family in Miami, Florida, in September.Angela Ciocca, Mr Ciocca’s sister, is headmistress of the schools there.

The head of two Montessori schools in New York won’t let parents pay by credit card – but he is accepting Bitcoin.
Continue reading “Bitcoin accepted at New York pre-school”

Bitcoin accepted at New York pre-school

Bitcoin accepted at New York pre-school

  • Image copyright
    AFP/Getty

    Image caption

    Bitcoin is worth more than $2,500

    The head of two Montessori schools in New York won’t let parents pay by credit card – but he is accepting Bitcoin.Marco Ciocca, co-founder and chairman of the Montessori Schools in Flatiron Soho, added the option in June, after growing inquiries from parents.The decision comes as an increasing number of places – including universities in London and Greece – take the digital currency as payment.About 10 parents of the roughly 300 students have opted to pay in Bitcoin so far, Mr Ciocca said.

  • “If we talk about just the sort of transactional ease… I think this form of payment will continue to grow,” he said.Bitcoin is a digital currency that was first used in the real world in 2010.
  • I bought Bitcoins in 2011 – now they’re worth ÂŁ19,000’It’s not just Bitcoin anymore…Parents who invested early and have ridden the currency’s rise get something like a discount on the school’s hefty $31,000 tuition.But Mr Ciocca said the school won’t profit from up-and-downs in the market.
  • Tuition payments in Bitcoin – they also accept some other digital currencies – get converted to cash instantly.The decision to accept digital currencies matched the schools’ identity as “forward-thinking” and appealed to a pool of families drawn from tech and finance worlds, Mr Ciocca said.
  • He’s working to offer the option to parents at two sister schools run by his family in Miami, Florida, in September.Angela Ciocca, Mr Ciocca’s sister, is headmistress of the schools there.

The head of two Montessori schools in New York won’t let parents pay by credit card – but he is accepting Bitcoin.
Continue reading “Bitcoin accepted at New York pre-school”

Ryan Reynolds is back in Vancouver for Deadpool 2

Ryan Reynolds is back in Vancouver for Deadpool 2

  • Vancouver-born actor Ryan Reynolds has returned to his hometown to film Deadpool 2, the sequel to Marvel’s wildly successful superhero movie released last year.
  • Reynolds shared a photo from the set on Instagram, saying it’s “good to be back.”
  • Reynolds’ wife, actress Blake Lively, has also joined the actor on the West Coast.
  • I mean, it’s Ryan Reynolds and Blake Lively,” he told CBC News.
  • Reynolds posted a photo with Minster after the course.

Both Reynolds and wife Blake Lively took a local infant and toddler CPR course while they were in town.
Continue reading “Ryan Reynolds is back in Vancouver for Deadpool 2”

Doing away with cashPredicting the future of money

  • The economic experiment known as monetarism—limiting the supply of money in order to control inflation—was abandoned when it became clear it was impossible to establish a precise definition of the money supply.
  • In Kenya, hundreds of businesses, including the leading utilities, accept payments through a mobile-based system known as M-Pesa ( pesa means “money” in Kiswahili).
  • The software in mobile phones and in the retailer’s payments system could instantly work out the correct exchange rate and adjust the bill accordingly.
  • The temptation for some communities to keep issuing money would certainly be great; those electronic currencies might suffer rapid depreciation.
  • Nor will central banks willingly lose control of the money supply, with all the potential adverse effects of economic management.

Before Babylon, Beyond Bitcoin: From Money that We Understand to Money that Understands Us. By David Birch. London Publishing Partnership; 264 pages; £22.50.
PEOPLE use money every day and yet struggle to understand it.
Continue reading “Doing away with cashPredicting the future of money”

Mark Cuban, who just called bitcoin a bubble, says he plans to invest in another digital coin

  • Bitcoin skeptic Mark Cuban is looking to take part in one of the hottest trends in the digital currency world right now: the initial coin offering.
  • One of the companies Cuban is invested in, Unikrn, is planning its own offering, and digital currency news site CoinDesk said Thursday that the billionaire entrepreneur intends to participate.
  • An initial coin offering is a fundraising process for blockchain-based projects that allows investors to own part of a project through a digital network token.
  • Cuban tweeted earlier this month that he thought bitcoin was in a “bubble” yet he acknowledged then that there is value in the blockchain technology behind the digital currency.
  • High demand for initial coin offerings last week clogged the network of ethereum, while prices for ethereum briefly fell from above $300 to 10 cents on one exchange, showing how undeveloped the young digital currency world is.

“Shark Tank” investor Mark Cuban is looking to take part in one of the hottest trends in the digital currency world right now: the initial coin offering.
Continue reading “Mark Cuban, who just called bitcoin a bubble, says he plans to invest in another digital coin”

Mark Cuban, who just called bitcoin a bubble, says he plans to invest in another digital coin

  • Bitcoin skeptic Mark Cuban is looking to take part in one of the hottest trends in the digital currency world right now: the initial coin offering.
  • One of the companies Cuban is invested in, Unikrn, is planning its own offering, and digital currency news site CoinDesk said Thursday that the billionaire entrepreneur intends to participate.
  • An initial coin offering is a fundraising process for blockchain-based projects that allows investors to own part of a project through a digital network token.
  • Cuban tweeted earlier this month that he thought bitcoin was in a “bubble” yet he acknowledged then that there is value in the blockchain technology behind the digital currency.
  • High demand for initial coin offerings last week clogged the network of ethereum, while prices for ethereum briefly fell from above $300 to 10 cents on one exchange, showing how undeveloped the young digital currency world is.

“Shark Tank” investor Mark Cuban is looking to take part in one of the hottest trends in the digital currency world right now: the initial coin offering.
Continue reading “Mark Cuban, who just called bitcoin a bubble, says he plans to invest in another digital coin”

SAP’s chief strategy officer thinks blockchain is not a zero-sum game

  • Blockchain is not a zero-sum game and its implementation across various sectors is going to be an overall positive for businesses, German software company SAP’s chief strategy officer said Wednesday.
  • Deepak Krishnamurthy spoke to CNBC on the sidelines of the World Economic Forum’s annual June meeting in Dalian, where he said blockchain will complement SAP’s supply chain business.
  • We have the largest supply chain product in the enterprise software industry, so having blockchain supply chains connect with SAP supply chains is going to be value-creating for our customers,” he said.
  • Krishnamurthy said the technology’s adoption is going to benefit companies such as SAP by automating a lot of paper-based transactions.
  • Blockchain is not the only technology that SAP is focusing on.

Deepak Krishnamurthy told CNBC that blockchain will complement SAP’s supply chain business.
Continue reading “SAP’s chief strategy officer thinks blockchain is not a zero-sum game”