Banknote Dream Team to Craft Bitcoin-Backed Paper Money

  • The dream team includes Larry Felix and Peter Vessenes, who founded Noteworthy in 2020 with the goal of producing digital currency banknotes.
  • The project will focus on robustness, uniting “the utility and security from the paper money, digital asset, and blockchain industries.”
Bitcoin coin on top of a US dollar banknote


Larry Felix and Peter Vessenes founded Noteworthy last year with the goal of producing banknotes for digital currencies. Felix is the former director of the U.S. Department of the Treasury’s Bureau of Engraving and Printing (BEP), while Vessenes is the chairman at the Bitcoin Foundation.

The two will be joined by Manuela Pfrunder, who will act as the chief design officer. Pfrunder designed the ninth series Swiss Franc and won the 2016 IBNS Banknote of the Year award. The 38th director of the U.S. Mint will also join the team, as an advisor. Most notably, Thomas Hipschen, a renowned banknote expert famous for engraving the portraits of Benjamin Franklin, Ulysses S. Grant, Andrew Jackson, and Abraham Lincoln on, respectively, the current $100, $50, $20, and $5 U.S. dollar notes, has also joined Noteworthy.

The announcement emphasizes on the company’s focus on security, stating:

“Equipped with a secure cryptographic microprocessor, and utilizing all of the banknote industry’s highest security features, Noteworthy notes will look and feel like top-of-the-line currency while providing the highest grade of digital security directly embedded in each note.”

Related Coverage
Bitcoin’s Rise in The Central African Republic
  • While not the largest countries in the world, CAR and El Salvador’s decision to legalise Bitcoin will surely have an effect on the rest of the world.
  • With the rise of Bitcoin, more and more crypto-based platforms will increase their popularity and improve the industry’s potential.
May 19, 2022, 8:56 PM


The New COVID Variant and Market Reactions – What Does it Mean for Bitcoin
  • A typical store of value would outperform riskier assets during moments of recession fears. Bitcoin has historically done the opposite.
  • Given the performance of cryptocurrencies during fearful markets, their place in a portfolio is the one for high-risk, high-reward assets.
Founders of South African Crypto Firm Go Missing With Billions in BTC
  • Back in April, the two founders informed investors the platform had suffered from a hack, but asked them not to report the incident to the authorities.
  • Shortly after the incident, all contact was lost with the two brothers, and there was no trace from the platform’s 69,000 Bitcoins.