A Digital Fiat Currency Called Cad-Coin

From your link:

"The experiment is being run by global bank consortium R3CEV, which counts all five of those banks as members. According to Kemper, the panelists, who included Grahame Johnson of the Bank of Canada; Jan Pilbauer, of the Canadian Payments Association; and Carolyn Burke of RBC, gave a demonstration with CAD-COIN, showing how the money can be transferred using Ethereum."

"The idea of digital fiat currency has been bandied about by the cryptocurrency community but has not yet been widely accepted. Many still haven't conceived of the idea of fiat currencies that can be issued digitally."

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And.....

What is 'Fiat Money'
Fiat money is currency that a government has declared to be legal tender, but is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material that the money is made of. Historically, most currencies were based on physical commodities such as gold or silver, but fiat money is based solely on faith. Fiat is the Latin word for "it shall be".
Read more: Fiat Money Definition | Investopedia http://www.investopedia.com/terms/f...xzz4BlTlTFUu
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Appears to me it discusses the concept of a type of global money pool with the conceptual idea that buyers and sellers would trade e-money, somewhat similar to shares trading on a stock market. Each currency would be assigned a global value based on its own merit. If so, I have my doubts that Cdn currency would fare very well. This might also be an example some would use to point toward signs of an impending global one-world government but on the other hand its obvious we're already in the age of a global trade economy.

If I wanted digital fiat currency, I'd get myself some Dogecoin instead. They're both cooler and cheaper.

(Still sad I didn't buy any bitcoins back when they were worth $10. I've first heard of them on Long Bets: some guy made a prediction to the effect that, in two years, bitcoins will be worth tens of times more, everybody in the comments laughed him out, I joined the party.)