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.


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.


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.