OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Plant-Based Eating 101: Everything You Need to Know
Barcelona Launches Its Own Local Currency EmptyToday at 12:44 am by PurpleSkyz

» Died Suddenly's - 01/30/23
Barcelona Launches Its Own Local Currency EmptyToday at 12:39 am by PurpleSkyz

» Study of 500,000 Medical Records Links Viruses to Alzheimer's Again And Again
Barcelona Launches Its Own Local Currency EmptyToday at 12:25 am by PurpleSkyz

» Davos Reset
Barcelona Launches Its Own Local Currency EmptyToday at 12:18 am by PurpleSkyz

» Hanoi Jane Says Racism To Blame For ‘Climate Crisis
Barcelona Launches Its Own Local Currency EmptyToday at 12:15 am by PurpleSkyz

» We Have Our Own Code Now! Z28.310 – The code designated for the Unvaccinated
Barcelona Launches Its Own Local Currency EmptyToday at 12:07 am by PurpleSkyz

» Massive Fire Sweeps Egg Farm, 16 Fire Departments Needed to Contain It
Barcelona Launches Its Own Local Currency EmptyToday at 12:01 am by PurpleSkyz

» Feds prosecute Utah doctor who dumped out mRNA shots and worked with parents to free kids from vax mandates
Barcelona Launches Its Own Local Currency EmptyYesterday at 3:49 pm by Kcantrell

»  Medicinal plants: five herbs that can help boost respiratory health
Barcelona Launches Its Own Local Currency EmptyYesterday at 2:03 pm by PurpleSkyz

»  You Are Not Sick. You Are Being POISONED
Barcelona Launches Its Own Local Currency EmptyYesterday at 12:07 pm by PurpleSkyz

» Mysterious whiting events in the ocean have scientists baffled
Barcelona Launches Its Own Local Currency EmptyYesterday at 11:58 am by PurpleSkyz

» Watch: Damar Hamlin Makes First Remarks on Video Since Suffering Cardiac Arrest
Barcelona Launches Its Own Local Currency EmptyYesterday at 11:41 am by PurpleSkyz

» Observations on the Paul Pelosi/David DePape Videos – What Looks Weird and What’s Missing?
Barcelona Launches Its Own Local Currency EmptyYesterday at 11:35 am by PurpleSkyz

» Take Action Now: Demand Accountability for COVID-19 Wrongdoing In Your State!
Barcelona Launches Its Own Local Currency EmptyYesterday at 11:27 am by PurpleSkyz

» Eerily Perfect Galaxy-Shaped Spiral Appears over Hawaii. What is it?
Barcelona Launches Its Own Local Currency EmptyYesterday at 2:17 am by PurpleSkyz

» Book of Enoch Explained
Barcelona Launches Its Own Local Currency EmptyYesterday at 2:12 am by PurpleSkyz

» Max Igan - Freedom Moon Rising
Barcelona Launches Its Own Local Currency EmptyYesterday at 1:59 am by PurpleSkyz

» WE TOLD YOU SO!!!
Barcelona Launches Its Own Local Currency EmptyYesterday at 1:41 am by PurpleSkyz

» WATCH: This man built a home of the future using trash from the past
Barcelona Launches Its Own Local Currency EmptySat Jan 28, 2023 4:54 pm by PurpleSkyz

» The TRUTH about the Gates Family
Barcelona Launches Its Own Local Currency EmptySat Jan 28, 2023 11:53 am by PurpleSkyz

» January 2023 UFO NEWS ~ Did Russia just shot down a ball-shaped UFO? plus MORE
Barcelona Launches Its Own Local Currency EmptySat Jan 28, 2023 11:45 am by PurpleSkyz

» This Island Appeared Out of Nowhere, With Life Forms Never Seen Before
Barcelona Launches Its Own Local Currency EmptySat Jan 28, 2023 11:30 am by PurpleSkyz

You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » FINANCIAL COLLAPSE » Barcelona Launches Its Own Local Currency

Barcelona Launches Its Own Local Currency

Go down  Message [Page 1 of 1]

1Barcelona Launches Its Own Local Currency Empty Barcelona Launches Its Own Local Currency Fri May 04, 2018 10:37 am

bs4ever

bs4ever

Barcelona moving away from Euro?

That would mean moving away from the EU completely....Once trapped inside the Euro there no getting out, or rather the idea is no one gets out.


Barcelona Launches Its Own Local Currency 1016143529

15:59 03.05.2018(updated 16:00 03.05.2018) Get short URL
0 61
Blockchain technology is the foundation that all currently existing cryptocurrencies are based on. It also serves as the technological basis for the digital money many cities and communities worldwide are now working on.
Barcelona has launched its own currency – the REC, which residents can initially spend in 10 neighborhoods and which may spread to more areas of the metropolitan zone.
REC, which stands for Recurso Economico Ciudadano (Citizens' Economic Resource), is meant to promote local trade by urban dwellers who are able to spend their “resident coins” in shops, bars and other businesses in the city, with payments going straight to the retailer's mobile phone, the thinkSpain website reported.
Barcelona Launches Its Own Local Currency 1056256211
©️ REUTERS / Dado Ruvic
Google May Roll Out Its Own Blockchain-Based Technology
The exchange rate for the REC equals that of the euro, but during the initial stages of its introduction, shop owners are the only ones allowed to exchange the city currency into euros.
REC comes as part of the European “B-Mincome” social initiative and the Urban Innovative Actions (UIA) program, which is behind the idea of a minimum level of income being guaranteed to all residents and which the EU wants to see in place in all of its member-states.
In an interview with Sputnik Mundo, Argentine economist Juan Valerdi detailed the possibilities such city currencies have on offer.
“What you get is fast-track financial involvement where you don’t have go to a bank and become a client. You get access to financial services which are provided right to your mobile phone at prices which are way lower than what you normally get at conventional banks,” Valerdi explained.
Even better, he added, more people are able to use digital instruments of exchange. Moreover, the money doesn’t go anywhere, as it is spent inside the community and reinvested into this very community.
He added that even though these financial instruments were developed mainly in Europe, poorer countries could benefit even more from their introduction.
“For example, this is happening in Africa where there is a direct switch to blockchain bypassing the traditional financial institutions,” Juan Valerdi said.
“People can make payments with this currency right from their cellphones, which is rather paradoxical because these are poor countries but everyone has a mobile phone,” Juan Valerdi added.
READ MORE: Diamonds Are Forever, And Now They're on The Blockchain
The pilot project, just launched in Barcelona, will run until October 2019 and may continue thereafter if it is a success.
 
https://sputniknews.com/business/201805031064118281-barcelona-new-currency/



"आप सिर्फ यह है आप नहीं था क्या मतलब है यह देखने के लिए किया था"

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum