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Why this New York City preschool accepts bitcoin but doesn't accept credit cards

We spoke to the co-founder of The Montessori Flatiron to find out why they decided to accept bitcoin for tuition payments and how the transactions work.

Marco Ciocca is the co-founder and chairman of The Montessori Schools in Flatiron and Soho. In May the school sent an email to parents alerting them that they could now make their tuition payments in bitcoin. We went to speak to Ciocca at The Montessori Flatiron to find out how the transactions work, why it's better for the school than accepting credit cards, and whether any parents actually paid in bitcoin. Following is a transcript of the video.

Sara Silverstein:

Marco Ciocca:

Silverstein:

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Ciocca:

Silverstein:

Ciocca:

Silverstein:

Ciocca:

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Silverstein:

Ciocca:

Silverstein:

Ciocca:

Silverstein:

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Ciocca:

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