19 Apr '13, 6pm

Canada

When it comes to fledgling virtual currencies, it seems all anyone can talk about is the Bitcoin. Interest in Bitcoin skyrocketed over the past month after the price of one unit soared as high as $266 in some markets before losing about 70% in value last week. Bitcoin is a virtual currency created in 2009 that isn’t controlled by central banks, can be traded anonymously and is “mined” by computers which have to decode a complex math algorithm before obtaining currency units. But what about Canada’s homegrown attempt at a reliable and secure form of virtual currency first announced last year? It remains on the digital drawing board. MintChip, introduced by the Royal Canadian Mint in 2012, was created as a way for small, cash-based transactions to be exchanged online. The Mint, which is responsible for Canada’s coinage system, also launched a competition to attract software ...

Full article: http://blogs.wsj.com/canadarealtime/2013/04/19/bitcoin-ou...

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salon.com 26 Apr '13, 10pm

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