Redefine Human Collaboration


PHOTO: NATALIA JIDOVANU, CC Bloomberg, permission request in process

What is a Community Currency?

To understand community currencies, we must reconsider much of what we have been taught about money. Our core belief is that money is a tool that allows us to collaborate by matching needs with resources. We envision community currencies as complimentary currencies to national or fiat currencies, designed to allow for increased collaboration within communities based on shared values.

Why Do We Believe in Community Currencies?

We have created a world of abundance, yet many still live in scarcity. This paradox usually exists not because of a lack of resources in a given community, but rather because of limitations in the money supply. A community currency on the blockchain redefines money as a record-keeping tool. For each community, a supplementary community currency is a tool that enables expansion of the money supply, and therefore, collaboration and wealth.

Bancor: A Global Network of Local Economies

Watch now

Community Platform

The Bancor Protocol is an open-source and decentralized protocol that can power community currency networks across the globe. The protocol ensures convertibility and liquidity for community currencies without needing a counterparty or intermediary. This means local commerce can be autonomously and securely processed on the blockchain without having to rely on a central authority like a bank or telecom to maintain the integrity of the network.

Bancor is creating a platform that enables communities to launch, manage, grow, and analyze community currencies. Working with select partners, our goal is to further the research, data, and adoption of community currency models. We believe blockchain technology and standards are key building blocks for financial inclusion and value creation globally.

Flagship Pilot

Grassroots Economics, Kenya

PHOTO: NATALIA JIDOVANU, CC Bloomberg, permission request in process


Grassroots Economics is a Kenyan-based NGO that has worked in the field of community currencies since 2010 leading experiments in paper currencies.
Beginning in 2017, Bancor and Grassroots teamed up to digitize Grassroot’s different Sarafu currencies via the blockchain, with the goal of expanding the research project and testing new community currency models. Today, the project has launched over 9 different digital community currencies experimenting with varied geographies, token designs, and go-to-market models.

The Initial Results Have Been Gratifying

Digitizing community currencies has increased adoption and produced unprecedented data and insights on how community currencies drive monetary expansion and wealth creation locally.

International Recognition

Bancor and Grassroots have been recognized by the United Nations and The Red Cross for their community currency work in villages across Kenya. Thousands of community members currently use community currency tokens to pay for basic needs, such as water, housing, transportation and food – generating economic and sustainability data that is now being used by government agencies and leading universities around the world.

Are you an NGO interested in leading a Community Currency Pilot?

Educational Resources

Bernard Lietaer’s Money Diversity

Bernard Lietaer argues that the monoculture of money is what creates economic instability, leading to liquidity crises.

Watch Now

Schumacher Center

The Schumacher Center for a New Economics is a tax exempt nonprofit organization based in Great Barrington, Massachusetts.

Visit Website

Bernard Lietaer’s Website

Currency Solutions for a Wiser World

Visit Website

Sacred Economics by Charles Eisenstein

Sacred Economics traces the history of money from ancient gift economies to modern capitalism, revealing how the money system has contributed to alienation, competition, and scarcity, destroyed community, and necessitated endless growth.

Get the Book