“The Canadian government has announced that it will end its MintChip electronic payment system, and that it will look to sell the business to the private sector. Announced in 2012, MintChip was not a digital currency akin to bitcoin, but rather a digital payment mechanism meant to function as an electronic cash that could be transferred between users. MintChip used a silicon chip with a unique ID as a store of value, which was then to be sent to brokers who would trade them to consumers and businesses. Users could embed MintChip devices onto USB sticks, wallets, laptops and tablets, or store their digital cash with a third-party service provider.”
http://www.coindesk.com/canadian-government-end-mintchip-digital-currency-program/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Brandon Raub Being Transferred to Veterans Hospital Psych Ward
Romney's New Campaign Plane
With Crime Down, Why Is Police Aggression Up?
Bitcoin’s Evolution Will be SWIFT
Half of U.S. millenials would give up voting rights to forgive student loans
New Jersey Governor Imposes Red Light Camera Freeze
Once Again, Activists Must Beg the Government to Preserve the Right to Repair
No Statute Of Limitations For Failing To File U.S. Tax Returns
Mystery pooper: Firm to pay $2.2M over forced DNA testing for workers
How to deal with UK TV licencing officials
Stop CISA, Broad "Cybersecurity" Surveillance Legislation
Now the CIA Wants Unlimited Access To Your Financial Records
Spain Shuts Down Google, Confronts the Internet
A Look Inside The "New York Stock Exchange" of Bitcoin
Bitcoin Payment Service Helps Greek Businesses Avoid Capital Controls