Royal Canadian Mint To Create Digital Currency

Posted on Sunday, April 15 at 11:59 by NAUWATCH

The Royal Canadian Mint wants to get rid of pocket change — and it’s enlisting hacker-types for help.

Less than a week after the government announced the penny’s impending death, the Mint quietly unveiled its digital currency called MintChip.

Still in the research and development phase, MintChip will ultimately let people pay each other directly using smartphones, USB sticks, computers, tablets and clouds. The digital currency will be anonymous and good for small transactions — just like cash, the Mint says.

read full article http://www.thestar.com/business/article/1159513--royal-canadian-mint-to-create-digital-currency

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