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.[2][3][4][5] Quahl is backed by Cato Institute economist Lawrence H. White.[3] The initiative has indicated it will not take measures to evade state regulation.[6]