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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 It might be more helpful to imagine e-money as money that has been withdrawn from a bank account and stuffed into an envelope waiting to be spent.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

December 23, 2016

Is That Blitzen on Our Quarter?

By: Graham Iddon


Well into my adulthood, I had assumed that the noble beast gracing the reverse side of our quarters was a moose. Clearly, I was not a terribly observant coin collector.
Content type(s): Blog posts
December 21, 2016

A Bank NOTE-able Woman III

By: Graham Iddon


Desmond truly exemplifies a Canadian who has overcome barriers, is inspirational to others, has made a positive change to society and in so doing, left a lasting legacy.
Content type(s): Blog posts
December 1, 2016

Why We are Not the Currency Museum

By: Graham Iddon


But a few years before it closed, the Currency Museum officially became an arm of the Communications Department. And this was the crucial factor that would change the future mission of the Museum.
Content type(s): Blog posts
August 30, 2016

Gold Rush! and Mining the Miners

By: Graham Iddon


Mining the Miners is our third temporary exhibition at the CMH (we reopen in 2017) and it is indeed about the Klondike gold rush. It’s always nice to be able to dovetail our exhibits with those of our host.
Content type(s): Blog posts
May 24, 2016

A bank NOTE-able Woman II

By: Graham Iddon


On 15 April, the public consultation to select an iconic Canadian woman to appear on a bank note closed. Over 26,000 nominations were received following the Bank of Canada’s open call—a great success.
Content type(s): Blog posts
April 11, 2016

A bankNOTEable Woman

By: Graham Iddon


Representing significant women on national currency is gaining momentum all over the world. At least 12 countries currently feature historically notable women on their money…
Content type(s): Blog posts
March 30, 2016

Museum Reconstruction - Part 4

By: Graham Iddon


It seems a pretty strange building but now it has a solid roof, glass walls and doors. Doors? Ah, there’s your clue. It’s no skateboard park—it’s the entrance portico for the Bank of Canada Museum.
Content type(s): Blog posts
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