An Israeli company called Colu has launched a local digital currency in Liverpool, which aims to revitalise the local economy by cutting out the banks. Will it achieve more than paper local currencies have? To find out, Dougal Shaw followed the money trail.
Large chains like Starbucks, Costa or McDonald's, need not apply. This new digital currency, known both as Colu and Local Pound Liverpool, is only open to locally owned and run businesses. The idea is to encourage people to support the local economy.
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Rest of the article here ...
http://www.bbc.co.uk/news/magazine-40728550Perhaps those who try it out could post up their experiences in here.
PS I see a
#sausages lover is featured in it...
...Foodie Ian Rasmussen is one of 17,000 Liverpudlians who have signed up to use Colu. I meet him at a deli called Delifonseca, where he is buying some sausages. ..Might he be someone we know on here?..
(And a further PS...obviously, I assume those who have expressed a desire for a boycott on all things Israeli will never be using it.)