Mint hires Boston firm to support divestiture of MintChip

The Royal Canadian Mint has selected The Boston Consulting Group (BCG), the world’s leading advisor on business strategy, to support the divestiture of its MintChip digital currency product.

According to a news release, the selection of BCG was the result of an open, competitive procurement process.

“The Mint’s research and development efforts on MintChip have reached a stage where the project is ready to move to its natural next step of commercialization in the private sector,” said Bob Zintel, Director, MintChip. “We believe BCG has the experience and expertise to help us maximize the return on investment in this program.”

Over the next several months BCG will support the Mint in packaging the MintChip assets, and in determining the best approach to identifying and engaging interested parties.

As part of the Mint’s research and development efforts, MintChip can be characterized as an evolution of cash, with the benefits of being digital, the release added.

Just like cash, MintChip is founded on a direct asset transfer model that moves value between trusted entities without the involvement of any intermediary. The transactions occur without the need for personal identification (thereby maintaining the user’s privacy) and without the burden of third party processing. MintChip is based on advanced technology and a trusted protocol to allow for secure and easy value transfers between parties.

See the next issue of Canadian Coin News for full details.

Leave a Reply

Keep up to date with the numismatic community

Sign up to receive our newsletter.

Canadian Coin News

Canada

Canadian Coin News is Canada's premier source of information about coins, notes and medals.

Although we cover the entire world of numismatics, the majority of our readers are Canadian, and we concentrate on the unique circumstances surrounding collecting in our native land.

Send Us Your Event

Running an event? Send it to us and we will display it on Canadian Coin News!

Submit Event →

Subscribe To 26 Issues For Just $45.75/year

Subscribe today to receive Canada's premier coin publication. Canadian Coin News is available in both paper and digital forms.

Subscribe Now

We acknowledge the financial support of the Government of Canada through the Canada Periodical Fund of the Department of Canadian Heritage.