Online Database of Complementary Currency Systems Worldwide


Complementary Currency Systems - Details

[group]Country
[text]t_ref,,United States[text] ([text]t_ref,,Mutual Credit Hybrid[text])

rCredits

[text]t_ref,,Administrator Information[text]
[text]t_ref,,Name[text]William Spademan
[text]t_ref,,E-mail Address[text]wspademan@gmail.com
[text]t_ref,,Position / Job Title[text]President, Designer, Programmer
[text]t_ref,,First Language[text][text]t_ref,,English[text]
[text]t_ref,,Second Language[text][text]t_ref,,German[text]
[text]t_ref,,Organization[text]Society to Benefit Everyone, Inc. Common Good Fina
[text]t_ref,,Type[text][text]t_ref,,Non-Government Organization (Registered)[text]
[text]t_ref,,URL Address[text]rCredits.org
[text]t_ref,,Exchange System Information[text]
[text]t_ref,,Status[text][text]t_ref,,Operating[text]
[text]t_ref,,Community[text]Greenfield, MA
[text]t_ref,,City / Urban Area[text]Pioneer Valley
[text]t_ref,,Medium of Exchange[text][text]t_ref,,Member Card[text]
[text]t_ref,,Unit of Value[text][text]t_ref,,Units of National Currency Equivalent[text]
[text]t_ref,,Valuation[text][text]t_ref,,Contract Agreement to Accept Currency[text]
[text]t_ref,,Cost-Recovery Mechanism[text]
  1. [text]t_ref,,Donation to Administration[text]
  2. [text]t_ref,,Interest on national currency held in escrow[text]
[text]t_ref,,Source of Funding[text][text]t_ref,,Private Donations[text]
[text]t_ref,,Purpose for Establishing System[text][text]t_ref,,Create Common Good Communities[text]
[text]t_ref,,Year the System was Started[text]2013
[text]t_ref,,Size of Membership[text]200
[text]t_ref,,Population of Area Served by System[text]16,000
[text]t_ref,,Estimated Yearly Operating Budget[text]

[text]t_ref,,Internal Currency[text]: 5,000

[text]t_ref,,National Currency[text]: 15,000 USD (15,000 [data]d_ref,,MAIN_CURR[data])

[text]t_ref,,Yearly Volume of Trade[text]

[text]t_ref,,Internal Currency[text]: 80,000

[text]t_ref,,National Currency[text]: 320,000,000 USD (320,000,000 [data]d_ref,,MAIN_CURR[data])

[text]t_ref,,Main Goods and Services Traded[text]
  1. Food
  2. Restaurants
  3. Wages
[text]t_ref,,Additional Information[text]

rCredits, "community-created credits for the common good", are designed to be a potential replacement for the current global economy. Any community can adopt rCredits progressively (one member at a time), for community-level economic democracy, using provided software and member cards. rCredits are currently all digital, accessed with a QR code on members rCard. Merchants use a smartphone app to process transactions. rCredits are issued initially as incentives for joining, buying, and selling -- later as arbitrary incentives, grants, loans, and community investments.

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Complementary Currency Resource Center
www.complementarycurrency.org