Bancor’s mission is to encourage expansion of the monetary system by driving adoption of the Bancor Protocol. The Bancor Protocol solves the problem that a currency must be widely circulated with a large market capitalization to have liquidity. Traditionally, only nation states have had the resources and influence to launch and drive adoption of currencies – but communities are often where tools and collaboration are needed most.
Blockchain technology lowers barriers to entry required to create and issue a currency. The Bancor Protocol gives people and communities an easy, free way to create currencies that are instantly liquid – and therefore inherently connected to the larger global economy – allowing a long-tail of unique currencies to thrive.
PHOTO: NATALiyA JIDOVANU, CC Bloomberg, permission request in process
Our History & Origin Story
John Maynard Keynes
The Original Bancor
The Bancor was a supranational currency conceptualized by renowned economists John Maynard Keynes and E. F. Schumacher in the years 1940–1942. They developed the Bancor with the hopes it could be used in International trade to create a more resilient global economy in the post World War II era.
The Bretton Woods Conference
The Bancor proposal was presented (and rejected) at the historic Bretton Woods monetary policy conference, where the United States Dollar was selected as the global reserve currency. The Bancor Foundation is named in honor of the path not taken, and represents our optimism towards building a more free, fair and resilient economic future for all.
Bretton Woods Conference, 1944
In Memory of Bernard Lietaer
Bancor Foundation’s founding vision and work today honors the legacy of Bernard Lietaer, the world-renowned economist and monetary visionary, who was the President and Chief Monetary Officer of the Bancor Foundation from its inception until his untimely passing in February, 2019.
Bernard was a financial justice warrior; a fierce advocate, sharp businessman and revered educator who dedicated his extraordinary career to exploring global monetary systems, uncovering truths about their effect on civilization and shaping their evolution through rigorous research, eloquent writing and heartfelt lectures around the world.
His breakthrough vision on the power of a complementary currency program motivates our belief in a multi-currency future, and is the philosophy that underpins our product roadmap. The honor of furthering his luminary work drives us every day. We miss you, Bernard.
New Money for a New World
New Money for a New World examines a previously unexamined culprit for the many issues we face today — the monopoly of our centuries-old monetary system.
Creating Wealth: Growing Local Economies with Local Currencies
This book will appeal to community activists, city planners and other public officials, and anyone interested in developing strong local economies.
Rethinking Money: How New Currencies Turn Scarcity into Prosperity
In this visionary book, Bernard Lietaer and Jacqui Dunne explore the origins of our current monetary system—built on bank debt and scarcity—revealing the surprising and sometimes shocking ways its unconscious limitations give rise to so many serious problems.
The Future Of Money: Creating New Wealth, Work and a Wiser World
Based on the four mega-trends of monetary instability, global greying (an ageing global population), the information revolution, and climate change, Bernard Lietaer looks at different scenarios of what the world might be like in 2020.