Skilljar, a tech company that allows third parties to offer online training courses, has announced that it will start accepting Bitcoin as payment.
Teachers who utilize the site will now be able to make bitcoin payments in addition to credit, debit and Paypal options that already existed, reports Eric Calouro for News BTC.
"The decision to accept Bitcoin as a form of payment was simple," said Sandi Lin, CEO of Skilljar. "It was driven by instructor requests, ease of integration, and the international nature of our business. Since we already use Stripe for payment processing, their beta program with Bitcoin made it easy to integrate, while also leveraging our existing payments infrastructure."
The instructors, who cover topics ranging from yoga to programming, will not have to worry about currency fluctuation risks because the payments will be instantly converted to fiat at the point of transaction, according to Nermin Hajdarbegovic for Coin Desk.
Skilljar joins fellow educational platforms that accept digital payments in order to make compensation easier for a wide variety of people. Sandi Lin, the CEO and co-founder of Skilljar said that accepting digital forms of payment allows more students globally to pay for education without having to worry about inflated rates.
"We experience the pain of currency conversions on a daily basis in multiple ways, and [Bitcoin] was an option that could help reduce that friction for a large number of our instructors."
Lin comments that integrating bitcoin as a form of payment made sense for online education and the integration was very simple with the use of Stripe's Bitcoin beta program, not to mention it was a feature being requested by instructors using the site.
Skilljar is not the first platform to offer online courses that accept itcoin as payment. Treehouse, a tech education start up began accepting bitcoins last month, which was a perfect fit for its technologically inclined users and a non-profit education site called Khan Academy began accepting bitcoin payments through Coinbase last August.
It makes sense to for these sites to accept bitcoins payment since there are courses offered on the platforms that teach users about the currency. âOne Month' is an example of a company that offers a course on online payments along with courses in front end web development, growth hacking, web security and swift, Apple's new programming language, reports Market Wired.
Teachers on Skilljar are embracing the new form of payment. Danielle Gould, CEO of Food+Tech Connect and Skilljar client feels that Bitcoin is helping to decentralize and democratize learning.
Skilljar offers organizations a way to focus on training their customers instead of worrying about managing a confusing online course platform. Skilljar offers custom branding, simple course management, mobile support and turnkey solutions.