{"id":266,"date":"2012-04-16T10:07:28","date_gmt":"2012-04-16T14:07:28","guid":{"rendered":"http:\/\/main.jmah.net\/?p=266"},"modified":"2012-04-16T10:07:28","modified_gmt":"2012-04-16T14:07:28","slug":"royal-canadian-mint-to-create-digital-currency","status":"publish","type":"post","link":"https:\/\/main.jmah.net\/?p=266","title":{"rendered":"Royal Canadian Mint to create digital currency"},"content":{"rendered":"<p><a href=\"http:\/\/www.thestar.com\/business\/article\/1159513--royal-canadian-mint-to-create-digital-currency?bn=1\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft  wp-image-271\" title=\"Gold_Bar\" src=\"http:\/\/main.jmah.net\/wp-content\/uploads\/2012\/04\/Gold_Bar.jpg\" alt=\"\" width=\"188\" height=\"300\" \/><\/a>The Royal Canadian Mint wants to get rid of pocket change \u2014 and it\u2019s enlisting hacker-types for help. Less than a week after the government announced the penny\u2019s impending death, the Mint quietly unveiled its digital currency called MintChip.<\/p>\n<p>Still in the research and development phase, MintChip will ultimately let people pay each other directly using smartphones, USB sticks, computers, tablets and clouds. The digital currency will be anonymous and good for small transactions \u2014 just like cash, the Mint says.<\/p>\n<p>To make sure its technology meets the gold standard in a world where digital transactions are gaining steam, the Mint is holding a contest for software developers to create applications using the MintChip.<\/p>\n<p>The old-fashioned prize? Solid gold wafers and coins worth about $50,000. It\u2019s such an unusual move from the crown corporation, which has been in the coin-making business for more than 100 years, that Hacker News questioned whether it was an \u201celaborate hoax.\u201d&#8230;&#8230;..(<a href=\"http:\/\/www.thestar.com\/business\/article\/1159513--royal-canadian-mint-to-create-digital-currency?bn=1\" target=\"_blank\">read the whole story<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Royal Canadian Mint wants to get rid of pocket change \u2014 and it\u2019s enlisting hacker-types for help. Less than a week after the government announced the penny\u2019s impending death, the Mint quietly unveiled its digital currency called MintChip. Still &hellip; <a href=\"https:\/\/main.jmah.net\/?p=266\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-266","post","type-post","status-publish","format-standard","hentry","category-business_ecm_news"],"_links":{"self":[{"href":"https:\/\/main.jmah.net\/index.php?rest_route=\/wp\/v2\/posts\/266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/main.jmah.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/main.jmah.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/main.jmah.net\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/main.jmah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=266"}],"version-history":[{"count":7,"href":"https:\/\/main.jmah.net\/index.php?rest_route=\/wp\/v2\/posts\/266\/revisions"}],"predecessor-version":[{"id":275,"href":"https:\/\/main.jmah.net\/index.php?rest_route=\/wp\/v2\/posts\/266\/revisions\/275"}],"wp:attachment":[{"href":"https:\/\/main.jmah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/main.jmah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/main.jmah.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}