Initiative Q is 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. Initiative Q is backed by Cato Institute economist Lawrence H. White.Unlike Bitcoin the scheme would not take measures to evade state regulation.
Initiative Q’s goal is to replace payment cards and paper money that use old infrastructure with a new payment system leveraging current-day technologies. It is “creating a new currency (the Q) and distributing it to anyone who helps speed up adoption."The Q is not a cryptocurrency and is not decentralized, but will instead be overseen by an independent monetary committee, much like a central bank.
Value: A cryptocurrency comparison
An alternative approach to estimating the value of Qs is by studying the cryptocurrency market, which is another attempt to create a new currency. So far, cryptocurrencies have failed as currencies. Their focus is on ensuring scarcity (i.e. that no one can easily generate new coins), but they neglect stability of value and ease of use. This makes them ill-suited for trade, with nearly all activity fueled by speculation (see more about the shortcomings of cryptocurrencies).
Despite these shortcomings, the market value of cryptocurrencies reached nearly 1 trillion USD. It is not far-fetched to assume that a currency that is designed to meet the market’s true needs (stability of value, ease of use, etc.), and is exclusively coupled to a superior payment network, should surpass this number.
Source: (Wikipedia,IntiativeQ.com)