It isn't a new currency, I don't think. Looks like balances and transactions will be CADs, USDs, EURs, etc., If the issuer claims to have backing for the curr

It isn't a new currency, I don't think. Looks like balances and transactions will be CADs, USDs, EURs, etc., If the issuer claims to have backing for the currency then for each CAD issued on a MintChip there would be a CAD in a bank somewhere. Same for USDs. Since the mint can buy BTCs to issue as well, no reason MintChips can't be used for Bitcoin commerce as well. http://developer.mintchipchallenge.com/api/java/ca/mint/mintchip/contract/CurrencyCode.html#CurrencyCode(int) http://developer.mintchipchallenge.com/api/java/ca/mint/mint...