This co-operative bank in Kerala has launched digital currency that also works on non-smartphones


#1

Points that caught my attention with such a model is

  1. Distributed
  2. Connects with people who are digitally not “well off” also
  3. Prevent monopolization

#2

really great to witness a cooperative that satisfies all the three properties…
we do know about bitcoin, name coin would work… but knowing that something like that is field working is great…
:sunglasses:
shared it to other forums where cooperative initiatives have been discussed… :slight_smile:


#3

Very good initiative. But, it would be even better if they released their app as free software, and make it more generalized so that other cooperative banks can readily make use of it. Not sure if they have heard of the idea of free software, though… :stuck_out_tongue: