The first campus-based Bitcoin ATM has arrived at the Massachusetts Institute of Technology (MIT).
The ATM is located in the MIT COOP store in Kendall Square. It was launched by Liberty Teller, its third in the Boston area. The startup also works to help merchants accept Bitcoin. Said Chris Yim, co-founder of Liberty Teller:
“We are pleased to bring our bitcoin ATM to Kendall Square’s vibrant tech and startup community which is home to Google, Facebook, Twitter, MIT, and the Cambridge Innovation Center among others. Along with the MIT Bitcoin Project, the public launch of Circle, and an increasing number of local merchants accepting bitcoin, Cambridge/Boston is showing the world that it is a tour de force when it comes to fintech innovation.”
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MIT has quickly and by far become the most Bitcoin-oriented institution of higher learning. It all started last year in Node Knockout 2013. The controversial creation of some MIT students, Tidbit, even caught the attention of the New Jersey Division of Consumer Affairs. It was one of those invasive bitcoin mining programs. MIT President L. Rafael Reif stated that the creators “have the full and enthusiastic support of MIT.”
This set the tone for a flurry of Bitcoin activity. In April, it was announced that all undergrad students will receive $100 worth of bitcoins this fall in order to see how students make use of them. The “Airdrop” is being sponsored by MIT alumni and the Bitcoin community.