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Corrent could be tested in Prague, support economy

(ČIA) A new type of alternative money, Corrent, could be a tool to stimulate and support the local economy affected by the coronavirus crisis. The principle is that the city or district wants to support local entrepreneurs and distributes corrents to its inhabitants. They may use the corrents to buy products and services defined by the municipality. They cannot be saved. The digital money will have the same value as the Czech koruna. The Corrency project was chosen among the best by the jury of the Hack the Crisis hackathon organized by the Ministry of Industry and Trade and the CzechInvest agency. Pilot tests could be launched in Prague 3 and Prague 7. Talks are also underway with the Prague City Hall.

 

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