Canada Wants to Create a Digital Currency

Will our currency change, as we become a digital nation?

The Canadian Mint has proposed the “MintChip” which brings all the benefits of cash.  It’s basically the digital equivalent of the coins we use daily. The MintChip system would require each user to have technology loaded in an account in the cloud, mobile device, USB stick or PC. Through a secure protocol, the value would be transferred from one chip to another, without personal identification.

Check it out at the website developer.mintchipchallenge.com/index.php

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