Initiative Q Now Has an App

Initiative Q, Ltd., the digital payment venture helmed by Israeli serial entrepreneur Saar Wilf, has launched an app Monday. In 2018, Initiative Q set out to develop a digital payment network based on a digital coin called Q. To get to a critical mass of users before tackling the full development of the infrastructure, people are incentivized to pre-register with name and email in exchange for a diminishing allocation of coins. Sending invites for pre-registration is also incentivized with Q allocation.

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After making an initial splash in Israel, Initiative Q garnered global traction with millions of pre-registrations. Initiative Q currently has over 7 million pre-registrations, Wilf said in a text message sent to Calcalist Tuesday.

Critics claim that by sharing their emails users are trading information for future Qs, with potential privacy risks. “Collected data will not be shared or sold,” a tweet published by Initiative Q in October stated.

The new app, available on Android and iOS stores, is an integral part of the payment infrastructure Initiative Q sets out to develop, according to the post. Once the payment system is operational, users will be able to pay, track transactions, and communicate with sellers via the app, according to the post.

For now, you can get extra future Qs for downloading the app or sending download invitations.