Quahl
Sign in to saveQuahl ( ), formerly known as Initiative Q, was an attempt to create a new payment network and digital currency. It was created by Israeli entrepreneur Saar Wilf, who previously founded Fraud Sciences, a payment security company acquired by PayPal. Quahl is backed by Cato Institute economist Lawrence H. White. The initiative has indicated it will not take measures to evade state regulation.
~3 min read
Encyclopedic overview
6 sectionsContents
- Payment system
- Marketing and rollout
- Criticism
- Cessation
- References
- External links
Quahl ( ), formerly known as Initiative Q, was an attempt to create a new payment network and digital currency. It was created by Israeli entrepreneur Saar Wilf, who previously founded Fraud Sciences, a payment security company acquired by PayPal. Quahl is backed by Cato Institute economist Lawrence H. White. The initiative has indicated it will not take measures to evade state regulation.
==Payment system== Quahl's goal was to create a new payment system rather than replace payment cards and paper money. It is "creating a new currency (Quahl) and distributing it to anyone who helps speed up adoption." Quahl is not a cryptocurrency and is not decentralized, but will instead be overseen by an independent monetary committee, similar to a central bank.
Excerpted from Wikipedia’s “Quahl” article, available under the CC BY-SA 4.0 licence.