MIT’s Kendall Square bookstore may be the first campus retail store to accept Bitcoins as a form of payment. Jerry Murphy, president of the The Harvard Cooperative Society, the corporate branch that manages the MIT COOP and the Harvard COOP in Harvard Square:
In the college industry, to my knowledge, I believe we are…Part of our decision to do this was based on the fact that we have had a Bitcoin exchange in our store for six months now. MIT has a reputation of being on the cutting edge of a lot of things, and the student body has an interest in Bitcoin. All these factors came together and we said, ‘let’s give it a shot and see if it makes sense.