Royal Canadian Mint selects SecureKey for digital currency authentication

Monday 24 February 2014 13:12 CET | News

SecureKey, a provider of trusted identity networks, has entered an agreement with the Royal Canadian Mint to provide device-based multi-factor authentication for its new MintChip cloud-based digital currency through SecureKey’s Connect Platform.

The Connect Mobile SDK built into the MintChip consumer mobile app, combined with the Connect service, will enable consumers to make cash-like MintChip payments using their smartphones and other mobile devices. The Connect Mobile SDK embedded in the mobile app allows the MintChip system to identify the mobile device connecting to the consumer cloud account through a device ID.

Developed by the Royal Canadian Mint, MintChip is a protocol for holding and transferring digital value. MintChip has many of the attributes of real cash, and unlike other digital currencies, MintChip value is denominated in CAD. The MintChip technology can be also adapted for use with any recognized national currency.

SecureKey Connect is a cloud-based multi-factor authentication service platform. Through the Connect Mobile SDK for mobile applications, users can enroll their devices with the Connect service as “what you have” factors for authentication. The platform is designed to support all in-market devices today, enabling security across all delivery channels.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: security, SecureKey, Royal Canadian Mint, MintChip,, digital currencies
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime