An Interest In:
Web News this Week
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
- March 22, 2024
April 5, 2012 01:33 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/rqwJSFDATtk/
Royal Canadian Mints MintChip Looks To Officially Digitize Cash
Moving everyday transactions into the digital realm seems an inevitability, but as yet there have been no breakout successes. Sure, there are fringe efforts like Square (which relies on existing card and bank infrastructure) and Google Wallet (which is a bit early to the NFC party), but there's nothing that the average consumer would see and think "yes, that is as simple as handing the merchant a five-dollar bill."The Royal Canadian Mint is hoping to create such a system: a multi-platform, simple, and secure alternative to cash. Others around the net have likened it to Bitcoin, but that's really an inapt comparison. MintChip isn't a virtual currency, it's a virtual wallet, something which has been tried before. But, naturally enough, they hope to succeed where others have failed. But are they writing a check they can't cash?Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/rqwJSFDATtk/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch