Thanks to the efforts of companies like Square and PayPal, the age of digital payments is upon us. Now one governmental organization hopes to speed up the introduction of official digital currency into the North American marketplace.
The Royal Canadian Mint has launched a competition looking for software developers to create digital apps using MintChip, an experimental new anonymous electronic payments technology. Ian E. Bennett, CEO of the Mint, said, "As part of its research and development efforts, the Mint has developed MintChip, which could be characterized as an evolution of physical money, with the added benefits of being electronic."
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