Regional Currencies

« Back to Glossary Index

Also known as the local currencies or the community currencies, they are  means of goods exchange that is used in specific geographical locations. These are usually created for a lot of reasons that include encouraging spending within the local businesses and groups as well as distrust in the local tender of a state. The blockchain technology offers a couple of solutions to the challenges that are faced by the regional currencies.

« Back to Glossary Index

Check Also

bitcoin-dominance

Bitcoin Dominance: A Greater Aspect Of The Crypto Space

Bitcoin is the largest digital currency in the world as per market capitalization and demands …