The Khan Academy now supports donations in bitcoins. The news was announced last week on Coinbase's blog, as the non-profit educational website is using the US company's merchant tools to accept bitcoin payments.
The Khan Academy offers a large range of educational resources. There are videos and exercises for students. Lessons are hosted on YouTube and offered up on the Khan Academy website in formatted courses. There's even a course about bitcoin, among all the other courses in world history, physics, mathematics, etc. There are also tools for tutors to interact with students.
According to Coinbase's blog post, you will earn a "special badge" on your profile page for making a donation to Khan Academy in bitcoin, in addition to the badges that students can earn for completing courses, etc.
A bitcoin supporter told us: "It seemed only right that I should donate some BTC to Khan Academy for their excellent bitcoin tutorial videos. All I had to do was scan a QR code on the screen to send them a small donation of 0.05BTC. The donation process was smooth, and I was even awarded an 'I am Satoshi' badge for my trouble."
Darragh Browne of Blockspin commented: "This is great news as the Khan Academy is democratising education in the same way that bitcoin is democratising financial services. There is already a big tipping culture in the bitcoin community, so it's great to see the Khan Academy tapping into this. Hopefully, other non-profits will follow suit and adopt bitcoin as another revenue stream to receive appreciation for their work."
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.