RE: Microsoft's CryptoAPI - thoughts?

What does everyone think about this? Perhaps I already missed the boat, but I just found out about it. How would international apps work? Would a data file encrypted with an app compiled with a US-only CSP (cryptographic service provider) be able to be loaded by a European equivalent app?

[Info can be found at: http://www.microsoft.com/intdev/inttech/cryptapi.htm]

-- rickt@psa.pencom.com egalitarian, philosopher, unix cowboy, '68 chevy pickup hacker

To which I would like to generalize: what do you (all those with an opinion on the matter) think/feel/intuit about general crypto API's overall? How would you compare some of the simultaneous threads of development going on now in different orgs? Any strong positions out there?