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So they want people to build apps using mintchips? Essentially Stripe/Paypal/Dwolla using this tech? I'm kind of confused by this.

The only differentiating factor here is the currency is "mintchips". How much more creative can you get with a checkout when we are only changing the "backing" of the numbers that are moving around?



I was concerned when they mentioned a criteria for judgment was originality of the idea... What can be done with online transactions that hasn't already been done?

I suppose an app that allowed offline transactions would fit that bill, the only problem being that your app would be offline.




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