Bancor Launches Blockchain Platform in Kenya to Enable Community Currencies
“Partnering with nonprofit foundation Grassroots Economics, cryptocurrency platform Bancor announced that it will be launching a new blockchain platform in Kenya to enable ‘community currencies.’ With the goal of alleviating poverty, community currencies are an alternative financial system used to stimulate the creation and purchase of goods and services within local and regional economies. By enabling Kenyan communities to create and manage their own digital tokens, Bancor aims to boost local commerce and peer-to-peer collaboration. As new tokens will be tradable using fiat or crypto on Bancor’s platform, Bancor will additionally allow outsiders to purchase tokens in order to support community development from afar, helping generate value locally…”
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