Bancor and Qoin have entered a partnership aimed at globally driving the growth and connectivity of community currencies. The purpose is to create vibrant local communities that last and are inter-connected with one another. Together, we aim at giving people power over money again, helping them to benefit from globalization and creating strong local communities at the same time.
Qoin has over 20 years of experience in setting-up and running community currencies around the world. Most recently Qoin has introduced SamenDoen, a self-sustaining community currency platform for Western regions that need help to counterbalance the negative effects of globalization. SamenDoen is a locally owned, purpose-driven currency offered via Qoin’s Currency as a Service (CaaS) delivery model.
Bancor provides the mechanism and platform that functions as the first network token, which purpose is to connect the long tail of community currencies into the global currency network. Inspired by economic models proposed by Keynes during the second world war, this could lead to a more stable global economy where everybody can benefit rather than few.
“Qoin is very proud to announce this cooperation with Bancor, as it will enable a much faster roll-out of community currencies in the West as well as drive connectivity into Africa, the Americas and Asia in the short to mid term” said Roel Wolfert, Chief Operating Officer and responsible for partnerships at Qoin. “We will soon announce the first concrete currency that will be launched via the Bancor platform in 2017.”
Bancor’s founders have been deploying solutions for community currencies since 2013. “The Bancor protocol enables the creation of continuously liquid community currencies for the first time. We are delighted to partner with Qoin, as we believe their vast experience in the field will be instrumental in bringing community currencies to the crypto-economy” said Guy Benartzi, of the Bancor network Foundation.
Qoin helps to build vibrant local communities for the long term. By introducing locally owned and locally run community currencies we help citizens, business, government and institutions to co-create and to deliver meaningful impacts in social, environmental and economic domains. Qoin helps initiatives from idea to successful realization and operation, with a clear eye for reaching desired local impacts. For more information please check www.qoin.com or contact Roel Wolfert: +3120–717 35 05 or +316–11887557.
Bancor protocol is an initiative of the Bprotocol Foundation, a nonprofit organization based in Zug, Switzerland. The Bancor protocol enables anyone to create a new type of cryptocurrency called a smart token, which can hold (and trade) other cryptocurrencies. This allows the smart token’s contract to serve as its own market maker, automatically discovering it’s own price(s) and providing liquidity to other currencies, thereby removing the need for a second party in cryptocurrency trades.
For more information about Bancor, visit the website www.bancor.network. For media inquiries please contact Galia at [email protected]