Edtech company BrightCHAMPS to accept cryptocurrency payments

Goa-based BrightCHAMPS, a global edtech company, will now accept cryptocurrencies such as Bitcoin, Tether, and Ethereum as modes of fee payment across all the 30+ countries it is operational in, including the US, Canada, UAE, Nigeria, Malaysia, Thailand, etc.

BrightCHAMPS has tied up with leading global crypto payment gateway, TripleA, to ensure secure and stable transactions for new and existing customers. The partnership will also ensure that BrightCHAMPS subscribers get the most competitive exchange rates within the top 7 crypto exchanges in the world. Founded in 2017 in Singapore, TripleA is compliant with Singapore’s central bank, Monetary Authority of Singapore (MAS), is a member of the Singapore Fintech Association, and follows the highest international protocols for Anti-Money-Laundering (AML) and Know-Your-Customer (KYC).

The announcement comes on the back of BrightCHAMPS’ recent acquisition of Education10x, the world’s first financial literacy education platform for children from 8 to 16 years of age.

Speaking of the move, Ravi Bhushan, Founder & CEO, BrightCHAMPS, said, “Cryptocurrency is the future of payments, and we, at BrightCHAMPS, are committed to ensuring that our customers are always empowered to embrace change. It is our belief that lack of financial literacy is one of the costliest things that can happen to anyone in the world. The recent addition of financial literacy into our student offerings through Education10x was informed by this belief. So the decision to allow cryptocurrencies as payment was an obvious and imminent one for us. We hope that by enabling crypto payments, we will be able to make our offerings accessible to a wider audience around the world in a seamless and more cost-effective manner with the help of the instantaneous transactions and lower transaction fees that crypto payments are known for.”

With this path-breaking addition, BrightCHAMPS joins the ranks of a handful of progressive tech companies worldwide that have understood the potential of the metaverse and are adapting to stay ahead of the curve. In an all-virtual ecosystem, which is what the metaverse is, the need for secure, traceable, and trustworthy transactions in real-time will be crucial. Cryptocurrencies, using blockchain as their foundational features, will play a vital role in realising a fast-growing, but fully functional metaverse.