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Facebook's Crypto Wallet to hit the market soon, but is the market ready for Novi? techstory.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techstory.in Daily Mail and Mail on Sunday newspapers.
Engineering U of T researchers help lay groundwork for Bank of Canada-backed “digital loonie” (photo by GEOFF ROBINS/AFP via Getty Images) How much longer will Canadians want – or be able – to use physical cash? Could a digital currency such as Facebook’s Diem Coin or Bitcoin make the Canadian dollar obsolete? While the central bank has no plans to issue a digital currency, it is nevertheless conducting research on digital money. Last year, it tapped the expertise of universities by launching a competition that asks experts to propose a system architecture and business plan for a Canadian digital currency. ....