Since 1971, the U.S. government has made several attempts to ween its citizens off of paper currency (dollar bills) and onto coins. In many other developed countries, similar denominations of currency have been coins, not paper. Supposedly, the similarity of dollar coins to quarters has been one reason that dollar coins have not gained popular acceptance.
If the government were to gather requirements for a currency product, what would they be? What would the use cases be? What would the attributes and constraints attached to these use cases be?
Some of the use cases might be:
- Pay for Goods
- Carry Money
- Withdraw Money
- Deposit Money
Some of the attributes might be:
- Fit (Does it fit comfortably in pockets/wallets/purses?)
- Weight (Does carrying a lot of it around weigh you down?)
- Durability (How well does it withstand the elements and time?)
- Identifiability (How easy is it to distinguish relative to other currency?)