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Decoding E-Money Is Here

By: Graham Iddon


January 3, 2018
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The new Museum’s first special exhibition

In the Money exhibition

Our first travelling exhibition was In The Money, which premiered in our old space in 2013.

Voices from the Engraver exhibition

Next on tour was Voices from the Engraver, shown here at the Sherbrooke Nature and Science Museum.

Unlike renovating a house, when we closed the Museum for its four-year re-invention, we couldn’t just “stay” at another museum until the water got turned back on. Or could we have? In fact, once the renovation was under way, that’s essentially what we did. Though we didn’t sleep on anybody’s couch, we did create a travelling exhibitions program to keep the virtual doors open while the actual doors were closed. We stayed at museums from Kitimat, B.C., to Gimli, MB, and from Timmins, ON, to Chicoutimi, QC, and we still have a few bookings available for 2019. Now that we are again back in our own house, we’ve invited one of our wandering exhibitions home for a visit: Decoding E-Money.

Decoding E-Money electric sign

Decoding E-Money fits snugly in our exhibition space outside the entrance to the permanent galleries.

exhibition and seats

The exhibition relies on a lot of screens and was designed to be dark and immersive, as if you were inside the digital processes.

exhibition and artifact panels

The rear view shows the artifact zone—a nice, analog relief from the heavily digital zones.

As the title suggests, this exhibition aims to remove the confusion about what exactly e‑money is. It’s important to make the distinction between what people think of as e‑money and what, in fact, it is. In a backgrounder on its website, the Bank of Canada defines e‑money as

…monetary value that is stored and transferred electronically through a variety of means—a mobile phone, tablet, contactless card (or smart card), computer hard drive or servers.

Despite their fully electronic environments, debit cards, e‑mail transfers and credit cards are not examples of e‑money. They are methods of payment that follow electronic pathways along which transaction information travels. It might be more helpful to imagine e-money as money that has been withdrawn from a bank account and stuffed into an envelope waiting to be spent. The “envelope” just happens to be an electronic device.

subway style map with monitors

Our payments system map is a fun interactive that, with moving lights, shows you the route your money takes using five different payment methods.

boy at a colourful touch panel

Our hands-on timeline explores the relevant history of the money and technology that led to e-money.

kids sitting at a game kiosk

Up to four people at a time can test their knowledge of e-money and its technological background by playing a fun true-or-false game.

The version of e‑money we are most concerned with in this exhibition is cryptocurrency and, specifically, the ever-newsworthy Bitcoin. You can purchase it using your national currency, and it can be sold for currency, but in between it acts all by itself as a token of exchange that exists entirely online. Bitcoin doesn’t actually meet the criteria for a currency, but its underpinning technology, called the blockchain, is ground-breaking—a system that allows for secure transactions without third-party oversight. We studied it for you so that you can explore it too.

Like its mother museum, Decoding E‑money has a great number of interactive features. It is, fittingly, a very digital exhibition, with games, a timeline, videos and interpretive content all accessed using touch panels and computer consoles. The only significant part of the display that is not digital is the artifact zone, a breath of old-fashioned air in a very modern exhibition. Here, you will see money that was, in its day, as difficult for some to accept as digital currencies are today. To help visitors explore in-depth information about these artifacts, we provide you with a book, an appropriately low-tech medium.

three boys at a video game terminal

A fast-moving break from the exhibit is the cryptocurrency mining game. How fast can you find the right code?

inside of a blue kiosk

The big central cylinders are all about cryptocurrency.

So please drop by the Museum and check out Decoding E money. It will be in our special exhibitions space until May 6, 2018.

We want to hear from you! Do you have an idea for a blog post you’d like to see?
Content type(s): Blog posts

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The Museum Blog

January 14, 2015

The Adventure of Exhibit Planning VII

By: Graham Iddon, Louise-Anne Laroche


An exhibition fabrication company was finally selected by the Museum to produce the upcoming “Voices from the Engraver” travelling exhibition. It’s all very exciting.
Content type(s): Blog posts
November 6, 2014

The Adventure of Exhibit Planning VI

By: Graham Iddon


This is not the time for ‘nay sayers’. Basically, we planned a luxury car knowing that when all was said and done, it was going to be a very nice family sedan (maybe with the big engine?).
Content type(s): Blog posts
September 29, 2014

The Adventure of Exhibit Planning V

By: Graham Iddon


Now the writer takes a deep breath and attempts to take a subject like the ‘representation of 75 years of national identity as depicted on stamps and bank notes’ from 50 pages of research and squash it into 65 words.
Content type(s): Blog posts
August 6, 2014

The Senior Deputy Governor’s Signature

By: Graham Iddon


Steven S. Poloz & Carolyn Wilkins
For much of their history, Canadian bank notes have represented a promise, a guarantee that they could be redeemed for “specie” (gold and silver coins) at their parent institution.
Content type(s): Blog posts
July 28, 2014

Becoming a Collector V

By: Graham Iddon


Visual glossary of design and security details of Canadian Bank Note: 2004, $20 face
Suppose you walk into a bar frequented by currency collectors and in an attempt to join in you refer to a ‘planchette’ as a ‘rosette’ (beer mugs hit the tables and the pianist stops playing). This could be pretty humiliating and you’ll probably never be able to go to that bar again, at least not on numismatic night.
Content type(s): Blog posts
July 21, 2014

Becoming a Collector IV

By: Graham Iddon


Visual glossary of design details of Canadian coins
Now that you have a grasp of preservation techniques for coins, you might want to familiarize yourself with the finer points of their anatomy. It is all part of your numismatic education and besides, you need to be informed and sound informed when you are buying coins at flea markets or coin fairs.
Content type(s): Blog posts
July 7, 2014

Museum Reconstruction - Part 3

By: Graham Iddon


Bank of canada - Night
Though naturally we are aware that the former Museum space is being gutted, the reality of seeing it empty is still pretty strange for most of us here. In the last blog of this series we showed you the empty cafeteria space that will become the new Museum, as well as some images of the old Museum as it was at the time: stuffed with odds and ends of exhibit cases, the occasional display still on the walls.
Content type(s): Blog posts
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