Initiative Q

  • Introducing a new digital currency called Q in order to replace the hassles and shortfalls of existing payment systems like credit cards, cash, wire transfers etc. which are getting old and outdated, leading us to bear unnecessary costs.

  • As we all know, new payment systems with superior functionality are struggling to succeed because of the reluctance to accept new standards by a buyer or seller. Unless this issue is not sorted, no buyer will join a new payment network with no sellers, and no seller will offer a new payment option that no buyer uses.

  • Initiative Q aims to bridge this barrier by introducing this concept to individuals by giving away new digital currency, which can be obtained by simply registering as a user with your name and email.

  • Initiative Q is reserving this Q currency for people who join today, the earlier you join the more Q you can reserve!

  • As more people join, advanced payment technologies are deployed and as the payment system becomes even more popular, the Q currency becomes valuable, and rewards given to early users reach their potential value.

  • It’s more or less like getting a few free bitcoins years ago.

  • No hidden charges involved though.

  • Initiative Q is the brainchild of Saar Wilf, a serial entrepreneur who started his first payments start-up in 1997, and later founded Fraud Sciences, which redefined the payment security space and was acquired by PayPal in 2008.

  • It’s actually an economic initiative trying to create a much cheaper payment system and the founder aims to challenge VISA standard worldwide.

  • According to Wilf, though the earlier introduced digital currencies like Bitcoin, Ethereum, and others were not able to make a real impact as a payment method, they were able to expose the deficiencies of existing payment methods.

  • Trying to link the monetary system to the payment system using Q, as the letter is pronounced-queue-hinting at the possibility of people lining up to receive the coin.

  • Q network aims to release the coins at a rate of around one Q per US$1.

  • Even though the critics are stating it’s just another pyramid scheme, the founder emphasize that those joining do not have to commit any funds unlike in pyramid schemes.

  • Q will be managed by an independent monetary committee of people with a background in monetary economics, the network’s associated members and stakeholders will appoint them through a voting process in a democratic manner.

  • Monetary committee will be responsible for issuing new coins for the purpose of maintaining stability and increasing adoption.

  • At present, joining Initiative Q is by invite only.

  • Either you can obtain your invite from your friends who are already registered in Initiative Q or try to seek an invite from a fellow follower in the social media page given below of this extra ordinary initiative.

 

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