City of Nantes Chamber of Compensation

From P2P Foundation
Jump to: navigation, search


Description

John Rogers:

""Two other more recent regional currency projects (City of Nantes in France and Sardex in Sardinia) are sometimes talked about as descendants of WIR (probably due to the same misunderstanding about WIR's core mechanism) but both projects are REALLY 'mutual credit' systems and their constitutions prohibit them from giving loans to business themselves (while 3 party record keeping is OK).

True enough (and interesting enough) to say they were both inspired by the WIR and its dedication to the SME sector and what b2b clearing in the wider sense can accomplish. Nantes presents this on their project's roadmap pages, and defines Mutual Credit as one possible “clearing”/”chamber de compensation” mechanism in their Glossary." (https://www.facebook.com/groups/388256007926581/permalink/504084643010383/)


More Information