Community Currency
A community currency is a type of complementary currency that is used by groups with a common bond, like members of a locality, or association, and designed to meet their needs. A community currency may be geography-based, making it a type of local currency, or it may be used within a business-based, or online community.
There are a range of exciting new developments with communities seeking to become more self empowered with trade of value within that community. The expansion of large multi-national businesses throughout the world has resulted in most money being spent in shops leaving that community to the offshore business - or even if a national franchise leaving that community.
In contrast a local currency can only be traded within that community and will result in the value cycling many times within that community and support the small businesses within it. This represents a way of retaining trade of currency within a community and improving the quality of life of individuals within that community as a consequence.
Local adaptations of this model have migrated to online platforms and with the development of international block chain currencies (like bitcoin) some of the local online currencies have established ways to incorporate trade with these global currencies as a away to retrain financial independence from banks - but also trade on an international platform when required.
These development s represent a radical shift away from bank mediated exchange of capital and domination of trade by large intentional mega stores.
In this topic we explore some of the different development in local and digital currencies and the advantages they infer.
There are a range of exciting new developments with communities seeking to become more self empowered with trade of value within that community. The expansion of large multi-national businesses throughout the world has resulted in most money being spent in shops leaving that community to the offshore business - or even if a national franchise leaving that community.
In contrast a local currency can only be traded within that community and will result in the value cycling many times within that community and support the small businesses within it. This represents a way of retaining trade of currency within a community and improving the quality of life of individuals within that community as a consequence.
Local adaptations of this model have migrated to online platforms and with the development of international block chain currencies (like bitcoin) some of the local online currencies have established ways to incorporate trade with these global currencies as a away to retrain financial independence from banks - but also trade on an international platform when required.
These development s represent a radical shift away from bank mediated exchange of capital and domination of trade by large intentional mega stores.
In this topic we explore some of the different development in local and digital currencies and the advantages they infer.
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