Initiative Q has emerged in fintech space with grand plans to create a global payments network

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Initiative Q has emerged in fintech space with grand plans to create a global payments network

  • Israeli entrepreneur started first payments start-up in 1997 and later founded Fraud Sciences which was acquired by PayPal in 2008 for $169 million
  • Wilf compiled a team of experts from a variety of disciplines, including mathematics, economics, and other social sciences
  • Economic and monetary models were developed with economist Lawrence White, a professor of monetary theory and policy at George Mason University in Virginia
  • Initiative Q says White has published articles and books on monetary theory and banking, including “The Theory of Monetary Institutions”, “Free Banking in Britain”, and “The Clash of Economic Ideas”
  • The firm is keen to differentiate itself from rivals, such as Bitcoin
  • Initiative Q uses Twitter to dismiss scepticism and keep people updated