Canada Unveils Its Own Virtual Currency

Bitcoin has a new Canadian competitorâˆ’the Royal Canadian Mint, which has unveiled a government-backed virtual currency called MintChip.

Designed to be used for in-store payments, MintChip, if fully launched, will integrate with users’ mobile devices for simple and easy purchases.

Ingenico, a global point-of-sale terminal developer, is working to include MintChip functionality in its systems, Finextra reported on Jan. 13

To learn more about the Royal Canadian Mint’s new virtual currency, read the full story by clicking here.