Quahl (/kuːɑːl/ k-oo-ah-l), formerly known as Initiative Q, was an attempt to create a new payment network and digital currency.

[2] It was created by Israeli entrepreneur Saar Wilf, who previously founded Fraud Sciences, a payment security company acquired by PayPal.

"[7] Quahl is not a cryptocurrency and is not decentralized,[7][9] but will instead be overseen by an independent monetary committee, similar to a central bank.

"[13] In contrast, Brendan Markey-Tower, economist at the University of Queensland, said on Stuff.co.nz in November 2018 that it was "not a scam" and that the scheme wouldn't "make you fabulously wealthy.

"[9] In November 2021, Quahl's main site and app announced the pause of new subscriptions for now as the size of the community (10 million users) and its growth was not sufficient to launch a new currency.