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Canadian Mint To Create Digital Currency

Posted by samzenpus on from the no-coins-for-you dept.

Oldcynic writes "The Canadian mint has allowed 500 developers to enter a contest to create a new digital currency. The currency would allow micro payments using electronic devices. From the article: '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. To make sure its technology meets the gold standard in a world where digital transactions are gaining steam, the Mint is holding a contest for software developers to create applications using the MintChip.'" It looks like the Canadian Mint might have a bit of Sweden envy.

7 of 298 comments (clear)

  1. A better name by Megane · · Score: 5, Funny

    They should call it the BitLoon.

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    #naabhaprzrag, #sverubfr-000, #agi-fcbafberq, negvpyr[pynff*=' negvpyr-ary-'] { qvfcynl: abar !vzcbegnag; }
    1. Re:A better name by NoobixCube · · Score: 4, Funny

      You don't want to be a pirate with your DibLoons? Digital Loonies for all! Yarr!

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  2. Canadian digital currency by jd2112 · · Score: 1, Funny

    So it's like bitcoin eh?

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    Any insufficiently advanced magic is indistinguishable from technology.
    1. Re:Canadian digital currency by jd2112 · · Score: 4, Funny

      "And unlike BitCoin, a peer-to-peer hosted digital currency with a fluctuating value, MintChip is simply a new way to exchange Canadian dollars. Plus, itâ(TM)s backed by the Canadian government. "

      Try imagining my original post spoken by Dave Thomas or Rick Moranis.

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      Any insufficiently advanced magic is indistinguishable from technology.
  3. Since this complaint is fashionable... by MobileTatsu-NJG · · Score: 1, Funny

    Um, excuse me, but this is a world site, not a Canada-centric site. Boy this place stinks, amirite?

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    "I like to lick butts!" by MobileTatsu-NJG (#32700246) (Score:5, Informative)

  4. Re:Wiping out our savings by Hamsterdan · · Score: 5, Funny

    Something like Canadian Tire money?

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    I've got better things to do tonight than die.
  5. Re:But can they do it right? by dcbrianw · · Score: 5, Funny

    You forgot one caveat: strip clubs now have to affix digital card readers to their employee's legs. "Please hold still, miss." :-)