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Terminating Currency Options for Distressed Economies

The research question is to investigate how supplementary digital terminating currencies can provide a superior fallback position to Bitcoin in a financial crisis and/or provide a basis for rehabilitating distressed economies. Greece lost the opportunity to regain monetary sovereignty because its finance Minister believed a year would be required to introduce new notes and coins. Digital self-liquidating Euros could be distributed immediately to voters by using swipe cards used by some governments for transit facilities. Bitcoins do not provide a viable medium of exchange because of the cost of their purchase, creation and/or exchange. Self-liquidating paper based “Stamp Scrip” privately issued in Europe and the US in the Great Depression minimises the complications and cost of money creation and/or exchange. Self-liquidating money was called “Speed” money because it circulated faster. Its private issue again in Germany since 2003 demonstrate its acceptance and attraction for Governments to introduce digital Speed money.