Local currencies - the next step for blockchains?
The cryptocurrency revolution is a revolution on a global scale. Maybe we also need a local economy revolution? Local currencies have shown to be a useful complement to the monetary system that is in use today. Many of the local currencies that is in use today have a limited time of use which takes away the urge to save them. Another benefit of local currencies is that they are local and therefore drive trade towards local businesses. Since they are local the are also adapted to work in just that place, and the stakeholders can more easily take part in the local financial system, and when needed change it. The blockchain technology could be very useful for management of local currency systems.
Here is a good article from Resilience for a more in dept perspective:
http://www.resilience.org/stories/2017-12-14/bitcoin-blockchain-and-local-currencies/
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Today's date 14/03/2018:
For all readers, useful information about the day opening price:
Bitcoin: 9206$
Ethereum: 690$
Ripple: 0,79$
Bitcoin Cash: 1071$
Litecoin: 176$
Cardano: 0,22$
NEO: 83$
Stellar: 0,28$
NEM: 0,47$
EOS: 5,9$
Have a good day everyone!
Thanks for sharing! It is not cited in the article but the @waba project also wants to mix blockchain and community/social money. Thanks and good luck again!!
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