Senin, 12 Agustus 2013

Alternative Currency In The US

By Nita McKinney


Everybody knows that not all countries have all or use the same currency that one country uses. They all differ by the exchange rate and to which place they are used. However, the alternative currency in the US has taken domination because of several benefits that it can offer. It started small when a certain group created it that was used as the common commodity of a group and the people going there.

When it is used by a single person and that single person is able to influence other in using the same currency, it will increase the circulation of it. The reason why some do not circulate will is that it is neglected by almost everyone. But since a group started using the unit in purchasing a local place, it will also increase the circulation or the volume of it.

The highly renowned alternative currency that is used and patronized by many is the ever famous bitcoin. This is known as the best performing one and is completely decentralized which makes it famous to the users. The value is tied to the performance of computers. They have the desire to place trust on to them over the traditional institutions.

BerkShares is the second medium of exchange on this list. However they are only used in the place of Massachusetts. There are already thirteen bank who accept the said currency. However, they are still expecting that more institutions will accept them. Over four hundred businesses already accept it and it distinguishes the local companies from the others.

There is also that cash that is know as equal dollars in which it is commonly used in Philadelphia. The program just started recently and now more and more citizens were engaged to use it. They started distributing fifty dollars to those who want to participate.

Ithaca hours is another one that is used in the state. It started and is exclusively used in the state of New York which wants to boost the economic strength and the reliance to the self community. This is because they want to support the human aspirations, participation in the community, ecology, social and economic justice.

The biggest performer and the biggest competitor in the world of brewing coffee has now taken its lead in the world of making new exchange. They provide cards to the customer who visit the shop one whenever they are asked to. And they will earn stars through purchasing foods and drinks there.

Sweat is another currency that is used in purchasing goods. This works well especially to the people who love to burn fats and calories. The movements are tracked and then the company is going to hand out cash in exchange. However they are only available to the people who purchased and used the shoe brand that they create.

Above are the alternative currency in the US. All began as small but because a lot participated, it is now widely known. If you want to create a new kind of exchange, then you can try asking the advice of the people who know more things in the field that you do not, yet.




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