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Royal Canadian Mint sells MintChip

Toronto-based nanoPay buys cryptocurrency technology

After a six-month internal trial process, the Royal Canadian Mint has sold its assets related to MintChip™ to Toronto-based nanoPay, a Fintech company established in 2012.

The cryptocurrency developed by Canada’s coin issuer meets Canada’s compliance and regulatory requirements, in contrast to alternatives such as the decentralized Bitcoin.

“Digital currency is inevitable and our newly-acquired MintChip platform delivers a digital cash future to consumers, businesses and governments today,” said nanoPay Founder & CEO, Laurence Cooke.

“Digital cash will transform payments globally, from the unbanked to the largest financial institutions, and MintChip will help easily transition to the reality of cashless payments.” ◊