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Initiative Q

“Initiative Q is an attempt by ex-PayPal guys to create a new payment system instead of credit cards that were designed in the 1950s. The system uses its own currency, the Q, and to get people to start using the system once it’s ready they are allocating Qs for free to people that sign up now (the amount drops as more people join – so better to join early).

Signing up is free and they only ask for your name and an email address. There’s nothing to lose but if this payment system becomes a world leading payment method your Qs can be worth a lot.

Here is my invite link: https://initiativeq.com/invite/SbNuWvCnm This link will stop working once I’m out of invites. Let me know after you registered, because I need to verify you on my end.”

Who’s idea is Initiative Q?

Initiative Q is the dream child of Saar Wilf who heads the project. According to his LinkedIn profile:

  • Employment Duration 6 months

  • Chairman Company Name Rootclaim Dates Employed 2014 – Present Employment Duration 4 yrs

  • Chairman Company Name PointGrab Dates Employed Jun 2008 – Present Employment Duration 10 yrs 6 months
  • Chairman Company Name WikiWand Dates Employed Feb 2013 – Present Employment Duration 5 yrs 10 months
  • ChairmanCompany Name BestMatchDates Employed Feb 2012 – Present Employment Duration 6 yrs 10 month
  • Chairman Company Name Deep Optics Dates Employed Mar 2011 – Present Employment Duration 7 yrs 9 month
  • Owner Company Name SW Ventures Dates Employed Mar 2010 – Present
  • Employment Duration 8 yrs 9 months

  • LocationTel Aviv Chairman Company Name IMMERSIX Dates Employed Jan 2013 – Present Employment Duration 5 yrs 11 month
  • Chairman Company Name ClarityRay Dates Employed Jan 2012 – Aug 2014 Employment Duration 2 yrs 8 month

  • Chairman Company Name calen.do Dates Employed Sep 2011 – Mar 2014 Employment Duration 2 yrs 7 months

Background

So, he’s been a busy man and not without some real success.

The entrepreneur, investor, and semi-pro poker player Saar Wilf has an aim to overhaul the global payment system.

He’s banking on a digital currency called Q that you can get by simply registering as a user with your name and email—no charge.

Some of the companies I seeded or co-founded: Fraud Sciences (acquired by PayPal), ClarityRay (acquired by Yahoo), Supersonic (merged with Iron Source), Crosswise (acquired by Oracle), Redhill Biopharma (NASDAQ: RDHL), Trivnet (acquired by Gemalto), Pointgrab, Deep Optics, CallApp, Moon Active and Creditstacks (all showing impressive progress, and attracted significant investments from leading investors). I also co-founded Wikiwand.com which serves over 4M users monthly. Four other startups were less successful and closed down. — Saar Wilf

Initiative Q is an attempt by ex-PayPal guys to create a new payment system instead of credit cards that were designed in the 1950s. The system uses its own currency, the Q, and to get people to start using the system once it’s ready they are allocating Qs for free to people that sign up now (the amount drops as more people join – so better to join early). Signing up is free and they only ask for your name and an email address. There’s nothing to lose but if this payment system becomes a world leading payment method your Qs can be worth a lot.

Here is my invite link: https://initiativeq.com/invite/SbNuWvCnm

This link will stop working once I’m out of invites. Let me know after you registered, because I need to verify you on my end.

Israeli born Saar Wilf co-founded Fraud Sciences Corp., a Tel Aviv based company that utilized profiling methods to identify fraudulent transactions.

In 2008, PayPal bought Fraud Sciences, making it the backbone of its current anti-fraud systems.

Wilf has been very quick to note that the payment system he envisions is still not in existence, also, there is no guarantee that the initiative will garner a large enough user base to justify actual development.

“I can develop an amazing payment system—which is what I did in 1997 and which was just right for the time—and still no one will come,” Wilf said in an interview with Calcalist in August 2018.

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