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Time Banking & Local Currencies

posted about 1 year ago by @Swidjit in Collections
Ithaca-hours

Cash is not our only option to meet our wants and needs. Trading and sharing are time-honored practices that allow you to do more and have more without needing so much money. You can easily do these on Swidjit. But there are some other emerging options as well that will be gathering steam in the new future.

Local/Alternative Currencies are paper or virtual monies that can be used instead of the dollar. Most of them are local like our Ithaca Hours (http://www.ithacahours.com/), although some, like the Bitcoin, are global.

Perhaps even more interesting is the idea of time banking. This is a system that values all time equally and allows people to trade it through an online system that tracks everyone's participation. There is a group here working on rolling out a system like this in Ithaca.

This collection will highlight different stories and opportunities surrounding these "currencies".

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by @Swidjit | about 1 year ago
More consumers are walking away from fiat currencies to drive commerce -- and society -- with new ways of buying.

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Time Banking & Local Currencies

posted about 1 year ago by @Swidjit in Collections
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