“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/
Related posts:
Pepe Escobar: Obama set for holy Tomahawk war
With Gun and Medical Marijuana Registries, Hawaii Starts Disarming Patients
2012 Election Spending Will Reach $6 Billion, Center for Responsive Politics Predicts
Video: Cops Shoot, Kill Subdued Man, Mock Him While He Lay Dying
Guilt by Musical Association
Why No Construction Workers Memorial Day?
Can You Name the One Nation in the World with a Higher Corporate Tax Rate than the United States?
Massachusetts Snatches Child Over Psychiatric Treatment Disagreement
California adds 500,000 renters while homeownership declines amidst a boom
The Verdict on The World’s Fastest “Train”
Protester crashes Syria hearing: ‘The American people do not want this’
NSA uses radio-waves for surveillance, cyber-attacks on offline systems
Samsung confirms it is making ASIC chips for cryptocurrency mining
The Value Of SecondMarket's Bitcoin Trust Just Broke $50 Million
RPI's McAdams discusses Syria with VoiceAmerica's Jay Taylor