The most powerful local currencies in the world are co-issued by participants to enable exchange within their community. Already they have proven to reduce social exclusion and promote community resilience, all without the need for official money. Now a federation of the largest free software platforms, which power over 300 local currencies around the world, is seeking the support to provide such tools to millions more people.
The LocalPay Technology project is the single biggest intervention a donor could make to globally support grassroots alternatives to unstable and extractive monetary systems. Few other economy-related projects can claim such international impact with grassroots accountability and post-grant sustainability built-in. We invite you to help us empower community exchange for sustainable development.
Because the global economy is highly centralised, unstable, and extractive, whole communities need to pull together and reconfigure how they produce, distribute and consume resources. We want to provide a decentralised infrastructure for local community organising, including local currencies and other coordination tools. Poorer communities in developing countries, in particular, have much to gain from these systems. Because of the growing economic and social disruption caused by climate change, we believe there is no time to waste.