The Hayek World Currency can be used to serve various purposes:

• Universal way to exchange value
  The HWC can coveniently be used as a stable payment medium to exchange value just like any traditional fiat currency, though without losing purchasing power, without underming society and without relying on 'trusted' third parties responsible for any underlying assets or collateral obligations. This in contrast to fiat money which became much more than just a medium of exchange. It created a false identity by withdrawing from the essence.
  

• Digital medium to store value
  The HWC can be used universally as a safe-haven asset and a hedge against inflation, deflation, or currency devalution. The HWC can therefore be considered to be the equivalent or even a better version of gold, given that it’s easy to store and easy to pass on, divisible, portable and impossible to counterfeit as the records on the ledger are immutable. 
  
  
  

• The HWC as unit of account
  The HWC provides an ideal alternative to the existing set of payment methods and currencies in the world including CBDC’s. As a practical currency, the HWC inherently ensures a more neutral and accurate way for pricing goods, services and even commodities as it is respectively not tied to a specific economy, nor can its value be eroded by inflating the currency supply.

• Crypto reserve currency
  The HWC can be held as a one-for-all currency to make international transactions simpler and cheaper. National and foreign exchange reserves held by individual countries can be replaced by the Hayek World Currency to simplify international trade, eliminate exchange rates completely and establish socio-economic stability.