Coinbase, a popular online digital wallet, has started a new initiative to give $10 worth of free Bitcoin to college students who create a new Coinbase account. A .edu email address must be used to prove that the one applying for an account is really a college student. This effort began as a way to attract college students to Bitcoin.
The online digital wallet company writes that it was inspired by the two MIT students who were able to raise enough money to give $100 worth of free Bitcoin to 4,500 undergraduates. Giving away free Bitcoin will allow the students, who’ve never heard of Bitcoin, the chance to experiment and understand its capabilities. Coinbase blogpost mentions:
“At Coinbase, we were inspired by this project and hope we can contribute to the growing interest of bitcoin among college students.”
Coinbase Giving Away Free Bitcoin
Coinbase started this project a few days ago and there have already been new college students registered with the online digital wallet company. The University of Illinois currently ranks as the college with most students registrations. Second is the University of Texas, and third is Berkeley.
Coinbase believes that the “more young scholars” join Bitcoin; it will help the digital currency grow and spur innovation. As part of the terms and conditions, the $10 Bitcoin offer is only available for a limited time. It is also announced that not every college will be supported by Coinbase as the company has only included support for the world’s top 500 universities. Even though this is the case, it is still a good initiative in getting college students involved with Bitcoin and digital currencies.
Coinbase may also disable some universities’ participation if the students abuse the free offer. Other terms and conditions can be found on the Coinbase website.