LAGGING MULTIMEDIA Remarkably Crypto Banknotes Drive Into Mainstream With New 5 Millibit Bitcoin Banknote
The new cryptocurrency is on sale now, with shipping expected later this year
ZUG, Switzerland, December 7, 2022–(BUSINESS WIRE)–Noteworthy, the premier designer of physical crypto-notes, announced the sale of its new 5 millibit (mBTC) note, the first small-denomination, fully fungible bitcoin crypto-note. This new bill, which is equivalent to 0.005 BTC (about $85 based on today’s prices) makes buying crypto easy for people of all ages and backgrounds through the familiar cash format. Following the successful unveiling of its 1BTC note at CoinDesk’s Consensus in June 2022, this smaller denomination lowers the barrier to entry, helping to increase access and increase the use of digital assets.
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5mBTC Note (Photo: Business Wire)
Remarkably combines the utility of paper money with the security benefits of digital assets and blockchain technology. Cryptonotes are produced with the most advanced secure printing features used by the world’s largest central banks today, including gravure and ultraviolet security printing and 8000 DPI resolution. Users can instantly validate the crypto note by scanning the QR code, which is linked to a public wallet address for each loaded crypto note. These advanced features create a formidable security architecture, ensuring that all crypto-notes with an intact hologram (which secures the private key) can be trusted as fungible money in exchange for goods and services in the physical world.
“Digital currencies, issued and maintained using blockchain and distributed digital ledgers, have the potential to change how people and organizations trade value, eliminating the need for costly payment intermediaries, providing greater price stability and reducing counterparty risk,” said Noteworthy Co-Founder Peter Vessenes. “A physical bitcoin note can democratize access to financial systems, and is a great option for ‘unbanked’ populations in developing or remote regions to have the means to buy, sell, save and invest more easily than before.”
Since its founding in 2020, Noteworthy has recruited the banknote industry’s leading designers, suppliers and manufacturers to create the world’s most advanced, well-designed and counterfeit-resistant physical currency. Notable team members include Manuela Pfrunder, the designer of the Ninth Series Swiss Franc and 2016 IBNS Banknote of the Year winner and Edmund Moy, the 38th Director of the United States Mint.
“Physical currency is worth more than just its value. It creates a certain emotional connection between itself and its viewer,” said Larry Felix, co-founder of Noteworthy and former director of the US Department of the Treasury’s Bureau of Engraving and Printing. “Remarkable crypto notes are designed to evoke that same feeling, while providing top security in a comfortable, familiar format.”
The 5mBTC crypto note features a hand-engraved portrait of the legendary Austrian economist Ludwig von Mises. Von Mises was chosen in honor of his ardent belief that autonomous money freely chosen by the people was fundamental to the cause of liberty, an essential protection of the people against encroachment by totalitarian governments.
“Ludwig von Mises’ powerful people-oriented approach to economics, combined with his insight that governments are inefficient capital allocators, remains as relevant — and necessary — as when he wrote them decades ago,” Vessenes said.
“As the line between national and global economies becomes more and more blurred, people want a currency that fits financial flows – but buying cryptocurrency is very difficult for most people. Paper money is a very old, very well-known technology that happens to work very well. Notable is the printer for this new era of post-national currency, starting with the 1BTC and 5mBTC crypto-notes.”
Noteworthy’s 5mBTC crypto note is available for sale in limited quantities. Starting in 2023, Noteworthy will expand its partnerships to include more blockchains to develop and produce custom crypto-notes. Visit noteworthy.ag to get your own note or for more information.
About remarkable
Co-founded in 2020 by cryptocurrency pioneer Peter Vessenes and the former director of the Bureau of Engraving and Printing under the US Treasury Larry Felix, Noteworthy is the first designer of physical bitcoin notes, called cryptonotes. Cryptonotes are masterfully designed, high-tech paper notes that can be held in both a physical wallet and a digital wallet at the same time, combining the utility of paper currency with the security of blockchain technology. Noteworthy currently offers two denominations, a 1BTC cryptonote and its new 5mBTC cryptonote, lowering the barrier to entry into the world of digital assets. For more information, visit www.noteworthy.ag.
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