Digital Cash Issuers

So, who wants to issue their own private digital money?

The issuance of money is an economic and social function which is obviously (at this point) far too important to be left to the mendacious vagaries of government monopolies. What the Voucher-Safe digital cash architecture fundamentally represents is the ability to bring the function of issuing and circulating money back into the private sector, where it belongs. Moreover all digital money needs to be as anonymous and untraceable as physical cash. The mint and the payment system need always to be separated. A Voucher-Publisher's network provides the p2p anonymous payment system. The independent Issuers within that network perform the minting functions. (And possibly wholesale in and out-exchange functions as well.)

That said, money can hardly be issued by just anyone. There is a clear fiduciary responsibility to the holders of the money, to ensure (for example) that gold or cash or bitcoins or other backing for the vouchers in circulation are always sufficient to back 100% of the circulating value. (Unless it's a fractional reserve currency of course, but even then there's a guarantee as to a lower bound.) Issuers naturally compete with one another for market share. (Competition comes to money, imagine that!) Issuers can also serve the needs of particular markets, or the members of some organization, or the denizens of some particular region, for example.

Issuers are licensed by the Ascension Foundation. In addition to convincing them that you're trustworthy (because a failed Issuer could bring disrepute upon fellow Issuers in the network), they'll require you to pay a significant fee (around $250,000) for licensing the use of the Issuer software, and for assisting you with the work of integrating your accounting and other control systems into the Voucher Publisher network and related systems (such as the SVX and OnionPay). An Issuer has the right to set the value of their tokens, used to pay for transactions done in their vouchers. Basically, a lower token cost translates to a higher up-front registration fee, and vice versa. The fee negotiated will depend on this and other considerations.

Because these terms may require further negotiation, and the establishment of a contractual relationship between Ascension and the Issuer, we cannot offer this product for sale on this site. If you are interested in becoming a digital cash Issuer, or would like more information, please use our Contact Page to let us know. We'd be delighted to refer you to the Ascension Foundation.