Noteworthy Drives Cryptonotes into the Mainstream with New 5 Millibit Bitcoin Banknote
ZUG, Switzerland–(BUSINESS WIRE)–Noteworthy, the premier designer of physical cryptonotes, announced the sale of its new 5 millibit (mBTC) note, the first small-denomination, fully fungible bitcoin cryptonote. This new bill, which equates to 0.005 BTC (approximately $85 based on today’s prices) makes buying crypto simple for people of all ages and backgrounds through its 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 drive adoption of digital assets.
Noteworthy combines paper money’s utility with the security and benefits of digital assets. Cryptonotes are produced with the most advanced secure printing features used by the world’s largest central banks today, including intaglio and ultraviolet security printing and 8000 DPI resolution. The QR code is used to instantly validate a cryptonote. It’s associated with a public address and each loaded cryptonote. These advanced security features ensure that cryptonotes can be trusted to be fungible currency in exchange for goods, services, and other items in the physical world.
“Digital currencies, issued and maintained using blockchain and distributed digital ledgers, have the potential to change how people and organizations transact value, eliminating the need for costly payment intermediaries, providing greater price stability, and diminishing 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 it was founded 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 are Manuela Pfrunder, the designer of the ninth Swiss Franc series and the 2016 IBNS Banknote of the Years winner, and Edmund Moy the 38th Director of the United States Mint.
“Physical currency is worth more than just its value. It forms a certain emotional connection between itself and its beholder,” said Larry Felix, Co-Founder of Noteworthy and former Director of the US Department of the Treasury’s Bureau of Engraving and Printing. “Noteworthy cryptonotes are designed to evoke that same feeling, while providing top-of-the-line security in a comfortable, familiar format.”
The cryptonote 5mBTC features an engraved portrait of Ludwig von Mises, the legendary Austrian economist. Von Mises was chosen because of his strong belief that autonomous money could be freely selected by the people. This is a vital protection against the encroachment totalitarian governments.
“Ludwig von Mises’s powerful human-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,” said Vessenes.
“As the line between national and global economies becomes more and more blurred, people will want a currency that fits financial fluidity – but buying cryptocurrency is really hard for most people. Paper money is an extremely old technology that has proven to be very effective. Noteworthy is the printer for this new era of post-national currency, starting with the 1BTC and 5mBTC cryptonotes.”
Noteworthy’s 5mBTC cryptonote is available for sale in a limited quantity. Noteworthy will begin to expand its partnerships to include additional blockchains to produce and develop bespoke cryptonotes. To order your note or to find out more, visit notable.ag
Notable
Noteworthy, the premier designer of physical bitcoin banknotes (also known as cryptonotes), was co-founded in 2020 by Peter Vessenes, a cryptocurrency pioneer, and Larry Felix, the former Director of Bureau of Engraving and Printing, under the U.S. Treasury. The cryptonotes are high-tech, well-designed paper notes that can be stored in both a physical and digital wallet. They combine the benefits of paper currency with the security and convenience of blockchain technology. Notable currently offers two denominations: a 1BTC and 5mBTC cryptonotes. This lowers barriers to entry to digital assets. Visit www.noteworthy.ag for more information.