How accepting crypto payments can benefit education services

The education sector is evolving rapidly, including its payment methods. In 2024, the global eLearning market reached approximately $316 billion, with a projected annual growth rate of 5.3% through 2029, expected to exceed $75.5 billion. 

Cryptocurrencies are becoming an increasingly viable option for educational business looking to enhance their operations and attract a broader audience. By integrating crypto payments, they can enjoy numerous benefits while positioning themselves as leaders in innovation. Here’s how embracing cryptocurrency can revolutionize the way education services operate.

1. Broaden Payment Options

A coding bootcamp based in Berlin noticed that many of their prospective students from countries like Nigeria and India struggled with high fees and long delays associated with international payments. By enabling crypto payments, the bootcamp saw a surge in enrollment from these regions, as students could now pay instantly using Bitcoin or Ethereum without relying on expensive intermediaries.

Additionally, education services can instantly convert crypto payments into euros (or other local currencies) to avoid the risk of market fluctuations. It’s a win-win: global students get flexible options, and schools maintain stable revenue streams.

2.Enhanced Security

One of the biggest perks of crypto payments is their security. Since blockchain technology powers these transactions, the risk of fraud or chargebacks is significantly reduced. For instance, a university offering online degrees doesn’t have to worry about bounced payments or stolen credit card information—it’s all handled with transparency on the blockchain.

And to make it even safer, partnerships with services like Chainalysis ensure that all crypto payments comply with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. That means peace of mind for both schools and students.

3.API Integration

Integrating crypto payments into your existing system is simpler than you might think. APIs allow education services to consolidate all financial data—crypto and traditional—in one place.

Imagine a coding bootcamp could track enrollments, payments, and even issue receipts automatically, saving time and reducing admin work. It’s efficient and ensures that nothing falls through the cracks.

4. Professional Crypto Checkout

Let’s be honest—students are more likely to trust a sleek, branded checkout system over a random wallet address. A professional crypto checkout not only looks legitimate but also simplifies the payment process.

For example, instead of a student fumbling with copying and pasting wallet addresses, a streamlined checkout system allows them to select their crypto, scan a QR code, and complete their payment in seconds. This ease of use means fewer students abandoning their carts and more enrollments for your courses.

5. Enable Mass Crypto Payouts for Partners and Employees

For institutions working with a global network of partners or freelancers, crypto payouts can simplify the disbursement process. With comprehensive reporting, managing transactions becomes effortless.An online tutoring platform with mentors worldwide started using KUNA Pay for mass crypto payouts. Teachers in countries with limited banking infrastructure appreciated the speed and ease of receiving payments directly in crypto. Meanwhile, the institution benefited from lower transaction costs and a unified reporting system.

Interested in transforming your business with crypto payments? Learn more about KUNA Pay's partner program here.