Fractional Reserve Community Currencies
A New Instrument for Effective Development Aid In emerging economies, the lack of disposable income is a real obstacle to economic growth. Adding evenly distributed currency in a local setting can tackle this problem. Especially, if the supply and usage of said currency is governed democratically. The Encointer Association has tackled this opportunity in the […]
Grassroots Democracy for Local Communities
Encointer is a decentralized digital platform that empowers local communities to issue their own currencies and manage common funds. But who is actually in charge? Who can make changes to the configuration of monetary policy or the geographical boundaries of the community? In contrast to most other community currencies, Encointer operates without a central entity […]
