MintChip Unlike most cryptocurrencies, MintChip is actually the creation of a government institution, specifically the Royal Canadian Mint. MintChip is a smart card that holds electronic value and can transfer it securely from one chip to another. Like Bitcoin, MintChip does not need personal identification; unlike Bitcoin, it is backed by a physical currency, the Canadian dollar.
I hadn't heard of Mintchip before - so I googled, and yes you are right, the Canadians have created a coin:
https://en.wikipedia.org/wiki/MintChipBut sadly it got privatised and is owned by a company called nanopay, which is a payment processor partly owned by Goldman Sachs. Which means Mintchip won't become successful!