Local Currencies = Community Currencies = Complementary Currencies
Complementary Currencies circulate alongside other currencies in an economy. They are designed to fulfill monetary needs that are ignored by fiat money and improve the overall health of the economy and society. They include time exchanges, tool sharing, neighbour networks, community markets and many others.
We provide banking-grade payments solutions for neighbourhoods, communities, towns, cities and regions to implement their own parallel complementary currency system. Our team has many decades of experience in designing, implementing, monitoring and improving many different models and tokenomies of complementary currency systems.
Currency Design Training and Consultation
Thousands of communities around the world have designed and implemented local currency systems as a tool for increasing local economic activity, enhancing the local environment and improving social cohesion and integration, among a wide variety of other possible outcomes.
Qoin Foundation has a long history in empowering citizens and local communities by giving support in designing and implementing tools for increasing regional economic activity, enhancing the local environment and improving social cohesion and integration.
Social and Economic Empowerment Currencies
Social Currencies are of interest for institutions, local governments, and informal organisations. Qoin offers assistance with implementing TimeBanks, LETS and GEM. In TimeBanks, members turn their voluntary time into valuable ‘hour’-credits that can be spend at other members. In LETS, members exchange goods and services using their own LETS-credits; all offers are findable on the mutual marketplace. In GEM, citizens get rewards for giving community work from local institutions, community organisations, and local governments; think of it as a loyalty program for community service.
Complete Complementary Currency Design, Installation & Upgrades
From Start to Finish - Full Service Implementation
For TimeBanks and LETS, we use the open source Cyclos payments platform as it is the most secure, robust and scalable platform.
Learn more about Cyclos in detail, and how to get started.