Technological innovation is fueling the resurgence of community currencies

https://www.imf.org/external/pubs/ft/fandd/2021/03/technological-innovation-fueling-community-currencies-adriano.htm

“Local currencies can provide a testing ground for these [central bank digital currency] initiatives.”

"With new technologies and the hard work and vision of social entrepreneurs and economists, alternative currencies might find their way into the mainstream."

PDF:
https://www.imf.org/external/pubs/ft/fandd/2021/03/pdf/technological-innovation-fueling-community-currencies-adriano.pdf

#IMF #CommunityInclusionCurrency #CIC #Scrip #CommunityCurrency #LocalCurrency #CBDC #Sarafu #Kenya #IMF

"Each week, families are issued with virtual vouchers worth 400 Kenyan shillings (~US$4), which they can use to buy essential goods."

"Unlike cash aid, which can be spent on anything, Sarafu can only be used to pay for essentials such as food, health supplies and educational resources."

Virtual currency helps Kenya slum dwellers battle Covid-19 downturn

#Kenya #BasicIncome #UBI #KenyaRedCrossSociety #NGO #Sarafu #CommunityInclusionCurrency #CIC #GrassrootsEconomics

https://www.rnz.co.nz/news/world/434867/virtual-currency-helps-kenya-slum-dwellers-battle-covid-19-downturn