17 Jan '14, 10pm

Digital Currency: Coming to a Store Near You

Bitcoin, Ripple, Litecoin, Quark are the names of just a few crypto-currencies. And if you're not thinking about them and how digital payments might affect your business in the not too distant future, maybe it's time to start. The Royal Canadian Mint this week displayed its crypto-currency called Mint Chip at the annual National Retail Federation's Expo in New York. The Mint plans a limited test of the currency later this month. Developed by the mint in 2012, it's about as different philosophically from Bitcoin and other digital currencies as you can get. Backed by a government and tied to the national currency, it's also gaining acceptance from some pretty big mainstream companies, which RCM hopes can distribute it. The mint has also played host to smaller companies who've developed consumer-facing applications for Mint Chip. "We're doing outreach with merchants and finan...

Full article: http://www.inc.com/jeremy-quittner/bitcoin-rival-mintchip...

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