by Tom Simonite, Technology Review
The Royal Canadian Mint has invented a new, digital currency called MintChip intended to be an alternative to using debit and credit cards. MintChip is modeled somewhat on Bitcoin, a digital currency invented by an unknown programmer that looked like it might succeed last year before falling prey to a serious of security and regulatory problems. The promo video for MintChip promises that transactions as small as $0.01 will be possible, something not feasible with credit cards due to the fees on each transaction. A competition is underway that will reward programmers with the best demonstration uses for MintChip.
http://www.technologyreview.com/blog/editors/27707/?p1=blogs
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