Bitcoin digital currency could be the way of the future, according to two Michigan students
Bitcoin: Is it something that could alter centuries of banking and money practices? Or is it an unstable "funny money" fad?
Bitcoin is a digital currency or "cryptocurrency" not backed by any central bank.
But our next guests are banking on bitcoin.
Kinnard Hockenhull actually left the University of Michigan to set up his bitcoin business called BitBox.
And Daniel Bloch is a U of M junior in the College of Literature, Science and the Arts and Engineering. He's working with Hockenhull on BitBox and he's launched his own bitcoin-based nonprofit called Coingive that tries to give charities a helping hand with bitcoin. They joined us today.
Listen to the full interview above.