Canada tests out its official digital currency
The Royal Canadian Mint has closed entries for its MintChip contest, just over a week after inviting developers to come up with apps for the digital currency it wants to introduce.
"Due to a very high level of interest, we are no longer accepting registrations for the MintChip Challenge. If you registered already, we will contact you shortly," a post to the competition's web site said on Thursday.
Canada's mint is looking to launch its own digital alternative to coins and notes, and has come up with a technology called MintChip, which it describes as "an evolution of physical money". It envisages that ultimately, people will use it to carry out small transactions that, like cash, will be anonymous.
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