Lowe’s gift is earmarked to provide education on technology, including bitcoin, to the school’s 3,300 students. Although the payment was received in BTC, the school processed it through a newly established BitPay account, and it will almost certainly be transferred into U.S. dollars before it can be used. That said, the school now has a BitPay account and a donation address, which it didn’t have before Lowe’s donation.
ASMSA is a two-year residential school is located in Hot Springs, Arkansas, and is publicly funded. Speaking with CoinDesk about the new program his donation will help to fund, Lowe said that “My high school math classes [at ASMSA] were a lot harder than my college courses, so I think whatever they put together is going to be great.”
Lowe also said that one part of his goal with the donation was to raise awareness about bitcoin in Arkansas, a state which is generally overlooked by the tech-focused startups in California and the finance-driven bitcoin community in New York.