Imagine a world with hundreds of national currencies, as they are; supplemented by thousands of digital currencies and tens of thousands of complimentary community currencies. This is what PayServices is about. It is a bridge between the new and the old world where anything of value can be traded and used as a medium of exchange.
Hyper-connectivity, by way of our smart phones, with geolocation apps, enables your neighbors to easily pinpoint your offer to sell or trade items they are interested to acquire. This is your garage sale of the future. Digital currency or any digital asset can be used for the transaction just as easily with your neighbor or someone else a world apart. That is the power of the ingenious distributed public ledger consensus system of the Blockchain technology everyone is talking about.
This is a Big Bold project. DNotes is proud to be a member of PayServices large family of currencies. Our mission is to be the trusted global digital currency for everyone worldwide to participate.
Congratulations, Mr. Danenberg. Great job.
Resilient cities can use local complementary community currencies to
improve the lives of their inhabitants. Here's how:
Oct 11, 2015
Written by:
Willy Danenberg
Founder, PayServices
Cities that are resilient combine the best of both worlds: Local production of food, goods and services and their local consumption as well as the creation of sufficient added value in goods and services to exchange it for goods and services not produced locally using usually FIAT (conventional) currencies.
In fact, any value exchange locally or not can be done either directly as a barter deal i.e. one product exchanged for a service without going to the additional expense and complication of exchanging not only the goods and services but also exchanging currency. Currencies are also used when the information and know how of goods and services availability for an exchange is not perfect and also to store the value for an exchange to be done later.
Today technology improves the timing, opportunities and availability of the information and permits a much more perfect market thus reducing losses in transport time and costs or reduced freshness of perishable goods in any market.
More perfect markets reduce the impact on the environment and is easier on the budget due to reduced costs for getting what is needed from the seller to the buyer or from any participating party to the other along the supply chain.
Currencies in general can have a huge impact on society and people's life if they are created, managed and used as a medium to fulfill unmet needs with available unused capacity. If the need is social, economical, ecological, educational, health, food related, etc. it is often also designated as an Impact Investing Currency. A currency used in transactions and businesses that provide at the same time a good financial Return On Investment (ROI) and at the same time a return for the common good (RCG).
Today, it is a growing trend. In France for example it is estimated that around 2-4 new currencies are created every week. All over the world, cities, communities and tribes are creating new activities and Impact Investing foundations and funds are financing such projects.
This trend is not only for a consumer to consumer type of transactions but can also be profitable for businesses doing business with other businesses. A good example is the currency called CLIX which is now launched in Tucson Arizona using PayServices Inc. MEOS system.
Also, with the growing importance of such projects, a growing trend is that municipalities designate now departments and name CSO's Chief Sustainability Officers to work and develop such projects.
Foundations such as the Rockefeller Foundation fund such cities and support globally the Resilient Cities approach. The CGI - Clinton Global Initiative is also a very good example of such high profile activities and support it now gets around the world.
By comparing a local citizen that wants to buy a book. That citizen can buy the book on the Internet and get it delivered to his home. The money he pays with his credit card will leave his community and will become the money of the corporation to be spent somewhere else. If however he buys a book at the local book store, the owner's bank account will benefit and the owner, being also a neighbor will use the money from that sale locally to buy bread from the local bakery, who may buy its flour from the local farmer who in return will buy bread from the baker using the flour he provided. Only local currencies especially digital ones, can make sure that the money in circulation can only be used locally and will not leave the community and at the same time be scaleable and easily replicable benefiting from experience gathered elsewhere and also in turn benefiting other communities.
In the same way, let's say that the municipality of Miami wants to provide incentives to foreign companies to come and invest in Miami. If they provide such incentive in USD, the company receiving such an incentive may spend the money in Atlanta Georgia. However, if the money can only be spent in businesses in Miami, then for each unit of currency it will benefit probably much more than the one unit of currency in question since it will circulate from one business to another through the local Miami businesses. Complementary Community Currency tends to exchange more hands locally than Conventional Currency.
Many efforts are in place today but many are small in scale and may only represent a social experiment and are difficult to scale up. The reason is that for many it is part of a learning process and are a social experiment.
Blockchain technology is also being tested as the medium for making public all transactions and adds another technological layer and hurdle for a successful launch. It is not certain, although there is a lot of hype around Bitcoins and similar currencies that this technology is to be used locally efficiently.
The smartphone revolution, also has impacted this since now not only you may want paper currency, but also tools that you can use with your smartphone, your web browser and using a Point Of Sale Equipment. Also, exchanging such currencies to other currencies is in demand.
The only available full set of easily implementable and scaleable technologies that can provide such solutions is the PayServices Inc. MEOS - Multi Exchange Operating System which is already used internationally by a growing Impact Investing, local communities, Resilient Cities, municipalities and tribes providing for a complete toolset scaleable turn key solution. You describe your needs, PayServices.com provides the currency design and tools that will provide the technology to enable for an easy and real time exchange, management and benefit for the local community and the common good.
A new central reserve currency for a community can be created and implemented not in months or years but within minutes or just a few hours and your community and its users is ready to roll.
This is an incredible giant leap for Resilient Communities and is currently also available in 23 languages. More languages can be added as needed. Costs are very low and some of the costs can also be paid in your new local newly created currency. Isn't it great?
Source:
https://www.linkedin.com/pulse/resilient-cities-can-use-local-complementary-improve-lives-danenberg?trk=hb_ntf_MEGAPHONE_ARTICLE_POST