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WVII Attends Jones’ E-Commerce Class to Learn About Bitcoins

WVII (Channel 7) spoke with Nory Jones, a professor of management information systems in the Maine Business School at the University of Maine, and students in her e-commerce class about bitcoins. Bitcoins are the first online currency that doesn’t use a central bank to exchange money, and today one Bitcoin is valued at just under $795, but the rate is constantly fluctuating. Jones referred to bitcoins as “complete fantasy” and her class is trying to determine why the unaffiliated currency is gaining popularity.

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