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Launch of business credit network in the UK that uses an alternative currency

Credex is a business credit network that is based on the successful models of the WIR Bank (Switzerland) and Sardex (Italy) - here's a Financial Times article.
Credex uses a unit of account within its network called CRX, that is always equal to Pound Sterling, but can't be withdrawn from the network. When businesses join the network, they are credit checked and provided a credit facility like an overdraft within CRX. The credit is zero interest and has no payment fees. It provides small businesses with short term working liquidity to support their cash flow.
The alternative currency model has a different theoretical basis to cryptocurrency. For instance, Bitcoin structures its "money" as a commodity that needs to be bought (or mined) before it can be used. Credex (and Sardex/WIR) structures their "money" as credit, that is created a the point of a transaction and redeemed at a later date. Both types of monies have their uses. Commodity money acts as a store of value that is beneficial for speculators. Credit money can increase liquidity and boost short term cash flow, facilitating transactions without the need to buy the money first. The differences of these types of monies were discussed at length by economic anthropologist David Graebar is his book; Debt: The First 5000 Years
We are hoping to develop the business credit network concept in the West Midlands and had our launch this week. We had our first transaction between two local businesses. Check our the blog here:
https://credex.network/launch-of-credex-in-birmingham/
submitted by mutualspring to CryptoCurrency [link] [comments]

Launch of Business Credit Network in UK that uses an alternative currency

Credex is a business credit network that is based on the successful models of the WIR Bank (Switzerland) and Sardex (Italy) - here's a Financial Times article.
Credex uses a unit of account within its network called CRX, that is always equal to Pound Sterling, but can't be withdrawn from the network. When businesses join the network, they are credit checked and provided a credit facility like an overdraft within CRX. The credit is zero interest and has no payment fees. It provides small businesses with short term working liquidity to support their cash flow.
The alternative currency model has a different theoretical basis to cryptocurrency. For instance, Bitcoin structures its "money" as a commodity that needs to be bought (or mined) before it can be used. Credex (and Sardex/WIR) structures their "money" as credit, that is created a the point of a transaction and redeemed at a later date. Both types of monies have their uses. Commodity money acts as a store of value that is beneficial for speculators. Credit money can increase liquidity and boost short term cash flow, facilitating transactions without the need to buy the money first. The differences of these types of monies were discussed at length by economic anthropologist David Graebar is his book; Debt: The First 5000 Years
We are hoping to develop the business credit network concept in the West Midlands and had our launch this week. We had our first transaction between two local businesses. Check our the blog here:
https://credex.network/launch-of-credex-in-birmingham/
submitted by mutualspring to CryptoCurrencies [link] [comments]

Launch of a business credit network in the UK that uses an alternative currency

Credex is a business credit network that is based on the successful models of the WIR Bank (Switzerland) and Sardex (Italy) - here's a Financial Times article.
Credex uses a unit of account within its network called CRX, that is always equal to Pound Sterling, but can't be withdrawn from the network. When businesses join the network, they are credit checked and provided a credit facility like an overdraft within CRX. The credit is zero interest and has no payment fees. It provides small businesses with short term working liquidity to support their cash flow.
The alternative currency model has a different theoretical basis to cryptocurrency. For instance, Bitcoin structures its "money" as a commodity that needs to be bought (or mined) before it can be used. Credex (and Sardex/WIR) structures their "money" as credit, that is created a the point of a transaction and redeemed at a later date. Both types of monies have their uses. Commodity money acts as a store of value that is beneficial for speculators. Credit money can increase liquidity and boost short term cash flow, facilitating transactions without the need to buy the money first. The differences of these types of monies were discussed at length by economic anthropologist David Graebar is his book; Debt: The First 5000 Years
We are hoping to develop the business credit network concept in the West Midlands and had our launch this week. We had our first transaction between two local businesses. Check our the blog here:
https://credex.network/launch-of-credex-in-birmingham/
submitted by mutualspring to Bitcoin [link] [comments]

Alternative Transaction Systems: Bitcoin & Other Crypto ... Paralleli #31 - Sardex, una moneta alternativa Bitcoin: How Cryptocurrencies Work - YouTube Top 10 Cryptocurrencies to Invest in 2018  Bitcoin Alternatives  Blockchain  LIFEGAG Money How to buy Bitcoin - alternatives to Coinbase

Unlike Auriti, Sardex’s founders have always viewed their currency as complementary to the financial system; they are not waging war against the Bank of Italy. State-issued money remains central ... Thus, Sardex could be considered as an “ alternative currency ”, where this term refers specifically to the alter-political interpretation of the term as defined above. In other words, the ... Bitcoin is a purely online virtual currency, unbacked by either physical commodities or sovereign obligation; instead, it relies on a combination of cryptographic protection and a peer-to-peer ... The Sardex is one of them. The Sardex scheme was created in Sardinia in 2006 as a start-up by Giuseppe Littera, Gabriele Littera and Carlo Mancosu, three young and unemployed graduates (oddly not in economics). It is no coincidence that they were inspired by the Wir, an alternative currency created in Switzerland after the crisis of ’29. The research identified an alternative model called Sardex that launched in 2010 in Italy. Sardex provides a business-to-business local currency that increases the liquidity available to entrepreneurs and connects them with new business opportunities. It is now being used by over 15,000 small businesses across Italy and facilitates €100millions-worth of transactions each year. The event will ...

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Alternative Transaction Systems: Bitcoin & Other Crypto ...

Jeffrey Robinson has researched for one year the world of Bitcoin and the outcome of this research is a book: "Bitcon, The Naked Truth about Bitcoin". In this book, Jeffrey pulls back the curtain ... Whether or not it's worth investing in, the math behind Bitcoin is an elegant solution to some complex problems. Hosted by: Michael Aranda Special Thanks: Da... Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin is the first decentralized digital currency. All Bitcoin transactions are docume... Today on The Janssen Report (#14): The rise of alternative transaction systems as a way to go around the global financial system. Crypto currencies versus di... Annoyed at Coinbase? Check out some of these alternative gateways from fiat currency. You can use these to buy Bitcoin. Gemini: https://gemini.com Local Bitc...

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