TOWARDS DUAL MONETARY SYSTEMS

Watch out fiat… 83% think digital assets will be an alternative or a replacement (Modern Consensus, July 8, 2020)

Digital assets aren’t just trying to steal fiat’s lunch money—they could soon become lunch money.

Deloitte’s 2020 Global Blockchain Survey revealed that 83% of respondents believe digital assets will serve as an alternative to fiat currencies within five to 10 years—or could replace old-fashioned banknotes and coins completely.

Tellingly, this figure rises to 94% in China, where trials are furiously taking place as the country strives to launch the world’s first central bank digital currency.


WIR BANK (SWITZERLAND)

The WIR Bank, formerly the Swiss Economic Circle (German: Wirtschaftsring-Genossenschaft), or WIR, is an independent complementary currency system in Switzerland that serves businesses in hospitality, construction, manufacturing, retail and professional services. WIR issues and manages a private currency, called the WIR Franc, which is used in combination with the Swiss Franc to generate dual-currency transactions.

Tenino, Washington is printing wooden money to help residents through the pandemic

(CNN)As businesses struggle to stay afloat during the pandemic and a record number of Americans have lost their jobs, one small city in Washington state put forth a creative solution to help its neediest residents pull through: printing their own money, out of wood.

In Tenino -- a community of less than 2,000 people halfway between Seattle and Portland -- residents who can demonstrate an economic hardship caused by the pandemic can receive up to $300 a month in wooden dollars, subsidized by a City Hall grant program.
The bills are made of wood veneer and are each worth $25. They can be used to purchase necessities and services from licensed or certified providers, as specified in the guidelines by Tenino's City Hall.

CONSULTING

MONNETA, Germany

MONNETA is a network of experts in the domain of complementary currencies. Founded by Margrit Kennedy, a leading expert in designing complementary currencies, MONNETA's mission is to provide information and guidance for the implementation of such currency systems.