MintWallet Windows Phone app wins Royal Mint’s $50,000 digital cash challenge

A Windows Phone app won this year’s Royal Canadian Mint challenge, worth $50,000.

The challenge was to create the best app that demonstrates the advantage of digital cash over actual cash in hand.

The winning app, MintWallet, allows users to send money, or requests for money from other users and relies on a peer-to-peer network to connect users and allow the transfer of digital cash. It also ties in QR codes so every payment request will have a QR code that allows payment usages such as scanning the code at a parking meter to pay for your time at a spot. There’s also a “split the bill” feature so a group eating out together at a restaurant can quickly pay their share without any hassle.

Winners were selected by a seven-member panel of judges that consisted of Osama Bedier, Vice President of Payments, Google; David Birch, Director, Consult Hyperion; Bob Borchers, General Partner, Opus Capital; David Crow, Chief Marketing Officer, Maintenance Assistant Inc.; Jeff King, Senior Director X.commerce Platform Partnerships, eBay; Amanda Lang, Senior Business Correspondent for CBC News and Anchor of The Lang & O’Leary Exchange and the Mint’s President and CEO, Ian E. Bennett.

The developer, Jan Hannemann, walked away with $17,000 in the form of a gold wafer.

He plans to port the MintWallet app to iOS, Android, and Web-based apps in the future.

Via itbusiness.ca.

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