Blockchain Startup Colu Launches ‘Local Pound, East London’

[kreslik.news]

Israel-based blockchain startup Colu, known for creating digital, localized currencies, announced today the launch of its second currency in the UK – the ‘Local Pound, East London’. Complementing the British pound sterling, it provides locals with a digital, localized currency to facilitate a stronger, more sustainable local economy and community.

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Colu offers peer-to-peer and customer-to-business app-based payment platforms facilitating digital financial transactions at local businesses, creating a closed-loop economy that is meant to bolster both the economic well-being and social fabric of the community. Its open-source technology protocol allows for direct exchanges of digital cash, facilitating ... (read more)