Skip to content
  • FR
FR
  • About us
    Building, illuminated glass towers on either side of an old, square, stone building.

    About us

    We're here to help you understand what the Bank of Canada does and how it matters to you.

    About the Bank of Canada

    Find out what the Bank does, who runs the Bank and how it is separate from the political process.

    Connect with us

    We’d love to hear from you! Contact us by email, phone or mail—or join us on social media.

  • Visit

    Visit

    • Plan your visit
    • Group visits
    • Accessibility and special needs
    • Code of conduct
    • Health and safety

    Sensory Sundays

    We’re turning down the lights and the volume for our sensory-sensitive visitors—explore the Museum using more than eyes and ears.

    Connect with us

    We’d love to hear from you! Contact us by email, phone or mail—or join us on social media.

  • Explore

    Exhibitions

    • Permanent exhibition
    • Special exhibitions
    • Travelling exhibitions
    • Past exhibitions

    Blog

    Collection

    • About the Collection
    • Collection Services
    • Canadian Bank Notes Series
    • Search the Collection

    Speculating on the piggy bank

    Ever since the first currencies allowed us to store value, we’ve needed a special place to store those shekels, drachmae and pennies. And the piggy bank—whether in pig form or not—has nearly always been there.

  • Learn

    Learn

    • Activities and games
    • Education blog
    • External resources
    • Lesson plans
    • School programs
    • Video discussion guides
    • Upcoming webinars

    Entrepreneurship: Kids edition

    Learn from the experiences of successful young entrepreneurs, then create your own business model and pitch your business.

    You are the economy

    A set of six lessons to explore economics with your students.

  • Home
  • The Museum Blog

Decoding E-Money Is Here

By: Graham Iddon


January 3, 2018
Share this page on Facebook
Share this page on Facebook
Share this page on X
Share this page on X
Share this page on LinkedIn
Share this page on LinkedIn
Share this page on Google Classroom Created with Sketch.
Share this page on Google Classroom
Share this page by email
Share this page by email

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

Subscribe to The Museum Blog
The Museum Blog

January 4, 2021

Economic Opportunity Costs

By: Graham Iddon


Man in a superhero costume crouching in an aisle of a home renovation warehouse.
With his superpowers, Peter Parker would no doubt do a fabulous job of tiling his kitchen backsplash. But as Spider-Man, he has more valuable things to do with his time.
Content type(s): Blog posts Subject(s): Economics, Financial literacy, Social studies Grade level(s): Grade 08 / Secondary 2, Grade 09 / Secondary 3, Grade 10 / Secondary 4, Grades 11 and 12 / Secondary 5
November 30, 2020

How Many Groats Are in a Noble?

By: Graham Iddon


For daily users of modern money, getting an understanding of the old British system of currency can be an act of confusion and wonder. But it’s also a peep into 13 centuries of European numismatic history.
Content type(s): Blog posts
October 21, 2020

The Story Behind the Engraving

By: Graham Iddon


The men on the back of this bill were part of a small community of families, a summer hunting camp called Aulatsiivik on Baffin Island.
Content type(s): Blog posts
October 5, 2020

If I Had a Million Dollars…I’d Be Reasonably Well Off

By: Graham Iddon


When the Barenaked Ladies released “If I Had a $1,000,000,” they could have considered themselves reasonably rich. And today? Well, there’s this inflation thing…
Content type(s): Blog posts Subject(s): Economics, Math, Social studies Grade level(s): Grade 07 / Secondary 1, Grade 08 / Secondary 2, Grade 09 / Secondary 3, Grade 10 / Secondary 4, Grades 11 and 12 / Secondary 5
June 29, 2020

The Reluctant Bank Note

By: Graham Iddon


Among 1975 $50 bill’s various design proposals were three images, three thematic colours and even three printing methods.
Content type(s): Blog posts
June 11, 2020

Nominating an Icon for the Next $5 Bank Note

By: Graham Iddon


Using a Bank of Canada Museum lesson plan, nearly 200 students told us who they thought should be the bank NOTE-able Canadian on our new $5 bill.
Content type(s): Blog posts Subject(s): History, Social studies Grade level(s): Grade 06, Grade 07 / Secondary 1, Grade 08 / Secondary 2, Grade 09 / Secondary 3, Grade 10 / Secondary 4
April 22, 2020

Retired Cash

By: Graham Iddon


In January 2021, 17 of our old bank notes will lose their legal tender status—what does that mean?
Content type(s): Blog posts
  • « Previous
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 13
  • Next »
Go To Page

30 Bank Street
Ottawa, ON
K1A 0G9, CANADA
613‑782‑8914

  • Things to do

  • Plan your visit
  • Find educational resources
  • Search the Collection
  • Connect with us
  • Things to see

  • Canadian bank notes
  • Exhibitions
  • Blog
  • Videos
  • Things to know

  • Accessibility and special needs
  • Careers
  • Code of conduct
  • Health and safety
  • Privacy
  • Social media
●●
Bank of Canada Museum

Visit the Bank of Canada web site ›

We use cookies to help us keep improving this website.

Accept and continue