“The Lewes Pound – the UK’s final surviving local currency – is being officially discontinued after 16 years of circulation, amid the rise in card and digital payments resulting in lack of demand for cash, including local alternatives.
Sunday 31 August was the last day the currency, which worked like a voucher, was valid in participating shops and businesses in the East Sussex town, marking the end of a bold experiment in community economics.
Launched in 2008 as a response to global financial instability and environmental concerns, the Lewes Pound was designed to encourage support of local business in Lewes. At its peak, over 100 shops accepted the currency, and it became a symbol of grassroots resilience and sustainability.”
blackn1ght@feddit.uk 3 weeks ago
I didn’t even know you could get ultra localised currencies like this.
HumanPenguin@feddit.uk 3 weeks ago
I vaguely remember it being on the news when it was created. Such setup were never that common. This one was only created in the early 2000s. The design was to try and compete against huge international companies. Allowing a step above barter form local companies and customers.
Twig@sopuli.xyz 3 weeks ago
There was a Totnes Pound at one point