An initiative aiming to build 100 schools in emerging countries funded by Bitcoin has announced its fourth school will be in Nigeria.

The University of Cumbria has become the world's first public university to accept Bitcoin payments. In what has been described as a "trial move", students will be able to use the digital currency to pay for two courses starting in July. “We believe in learning by doing," said a professor.

A UK-based English language school with branches in London, Manchester and Dublin is aiming to lead by example by becoming a technologically progressive company that can accept payment via the internet currency, Bitcoin. The MD anticipates 25% of students could use the system within 18 months.