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Starting in the fall, undergraduates at the Massachusetts Institute of Technology will each receive $100 in Bitcoin—seed money meant to jump-start a campus digital-currency economy that can be engaged with and studied by students and faculty members alike.

The project is being spearheaded by Jeremy Rubin, a sophomore studying computer science and electrical engineering, and Dan Elitzer, an M.B.A. student and the founder of the MIT Bitcoin Club. Together they have raised $500,000 from MIT alumni and members of the Bitcoin community.

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To read the original article: With $500,000, 2 Students Hope to Make Bitcoin MIT’s Currency – Wired Campus - Blogs - The Chronicle of Higher Education