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!
Before crypto's existence in the global market, an idea was formed in bringing digital money. This idea has transformed in creating wealth and well-being in the society and at present times it proves its profitability. Its future depends on us and the people behind it.