MIT Students Raise $500k, Give $100 in Bitcoin to Every Undergrad

Bitcoins Two MIT students have successfully raised more than half a million dollars in order to give all 4,528 undergraduate students on campus $100 worth of the cryptocurrency to use as they see fit. Rather than being another Bitcoin publicity stunt, the pair say that the intention is to establish a genuine ecosystem for digital currencies at the university and to help MIT maintain its long heritage at the cutting edge of technology. “Giving students access to cryptocurrencies is analogous to providing them with Internet access at the dawn of the internet era,” Jeremy Rubin, one half of the duo behind the project, said. “When the distribution happens this fall, it will make the MIT campus the first place in the world where it will be possible to assume widespread access to Bitcoin.” The cash has been raised from around 25 donors, according to MIT publication ‘The Tech.’

Read the full story at The Next Web.