Bristol Pound

Bristol Pound1

 

The Bristol Pound is the money of Bristol. It is a currency designed to reinforce and sustain a vibrant local economy. Launched in 2012, it is the largest retail currency programme in operation in the UK. The currency acts as a powerful incentive for consumers to shop at local traders. In that way, it develops local supply chains and keeps money circulating within Bristol’s economy.

The Bristol Pound can be spent using paper notes, mobile phone texts and as a digital currency. Bristolians can use it in more than 800 locally owned and independent businesses. Even the City Council now accepts local taxes in Bristol Pound, and pays civil servants a portion of their salary in the retail currency.

Qoin has developed the software used to administer the electronic version of the Bristol Pound. The ICT platform can be used via the Internet or by sending text messages on mobile phones.