Counterfeit-immune money may be possible – one day
Recently researchers are making progress on how ‘quantum money’ – based on quantum mechanic – could be created. The first reason above all why applying quantum mechanics with money would be the fact that quantum money could not be counterfeited.
Virtual currency Bitcoin approved by European institutions
Bitcoin is a decentralised virtual currency that can be applied to instant internet payments like for example PayPal. Now it has been approved as a registered payment service provider (PSP) under European Law.
Verifying the Authenticity of Banknotes with Mobile Phones
MAGnite is the latest interactive Giesecke & Devrient security feature for banknotes. This feature is based on the interaction between special color pigments and simple magnets, such as those found in the speakers of mobile phones.
Zimbabwe asking to purchase Rand
In 2009 Zimbabwe abandoned its own currency due to economical struggles. Currently Zimbabwe is asking the South African Reserve Bank if it may purchase South African money for use in commerce even though the country is not member of the Common Monetary Area.
Fiji’s new design banknotes and coins officially unveiled
Fiji’s new flora and fauna design banknotes and coins were officially unveiled by the President of Fiji on December 12, 2012. The President also unveiled a new $2 coin to replace the $2 note and Fiji’s first polymer or plastic banknote.
Kenya short of coins?
Although the Central Bank of Kenya denies it appears that the country is suffering of coin shortage as medias reported at the end of November 2012. It is unclear what the exact causes are, though.
Germans Prefer Cash
According to a new study conducted by the Deutsche Bundesbank, Germany’s National Bank, cash is the first payment choice in Germany. However, the Girocard is gaining ground and e-commerce, although negligible today, will become much more accepted in future.
US Mint Coin Study Illustrates Need for Planning
The United States has considered eliminating its 1-cent coin for years. There are politics involved, but putting politics aside a recent study illustrates just how important diligence is when any change to coinage is being considered. Richard Giedroyc explains the background.
Canada’s Cent Elimination Includes Hidden Costs
On the surface Canada’s cost saving measure through which the 1-cent coin is being eliminated appears to make sense. However, this matter is much more complex than it may seem at first sight as Richard Giedroyc explains.
New Dates for the Coin Conference
The dates for the 2nd Coin Conference, originally scheduled to take place March 12-13 in Berlin, have been changed to October 28-30 due to a heavily-congested industry conference calendar in the first part of 2013.