Sam Dallyn reports on a digital currency setting up new, cooperative alternatives to currency systems which hand over power to unelected central bankers.
Cryptocurrencies like Bitcoin have earned a deserved reputation as a murky world of bubbles, wasteful energy consumption, pump and dump schemes, and volatile price rises and drops.
Yet the possibility that a cryptocurrency could offer opportunities to create radical alternative finance outside of capitalism and central banks has gained real credence. One cryptocurrency that could present a genuine exception to the story of cryptocurrencies as tools for financial speculation: FairCoin and FairCoop, the international cooperative movement that supports it.
FairCoin was created in 2014 as an eco-friendly, post-capitalist cryptocurrency, its ideals and principles emerged largely from the Catalan Integral Cooperative (CIC) in Spain, which is a radically autonomous network of cooperatives and social movements based in Catalonia that uses the social currency, Ecos. Continue reading “Try FairCoin CoOp Cryptocurrency: Buy and Sell without Banks”