Canadian Government to End 'MintChip' Digital Currency Program

Canadian Government to End 'MintChip' Digital Currency Program

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. Still, MintChip was widely viewed as an alternative to bitcoin that was famously criticised by Bitcoin Foundation director Jon Matonis for "missing the point" of the technology. A spokesperson for the Canadian Mint confirmed the news to The....


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