'Complementary currencies' are often designed to create financial stability, and for communities that do not have access to financial capital; the WIR Franc of the WIR Bank in Switzerland and the Brixton Pound are examples of these creations. However, the exchange between national currency and alternate currency has until now been tedious. The new system is based on a blockchain ledger called Ethereum, which allows users to transfer money from one account to another without having to trust any third party. This may lead to more and more localised digital currencies being set up in the coming years.
'Complementary currencies' are often designed to create financial stability, and for communities that do not have access to financial capital; the WIR Franc of the WIR Bank in Switzerland and the Brixton Pound are examples of these creations. However, the exchange between national currency and alternate currency has until now been tedious. By using the blockchain, complementary currencies can be exchanged in a secure environment. This may lead to more and more localised digital currencies being set up in the coming years.