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Ithaca, NY Launches Another Alternative Currency!

Posted on July 23, 2015 by RonMamita — Leave a comment

The new currency has a one to one parity with the US dollar, although when an individual buys into the scheme they receive 125 Ithaca dollars for their first $100 deposit. This equates to i$100 to spend in the community and i$25, which they can donate to a cause of their choosing “as a thank you for sacrificing the liquidity that you had with those US dollars,” explains Morris.

Tagged with: advance, alternative, alternative currency, barter, cash, change, community currency, complementary currency, crisis, digital currency, digital money, dollar, electronic currency, entrepreneur, exchange, innovate, Ithaca dollar, Ithaca HOURS, Ithacash, LETS, local business, local community, main street, money, mutual aid, network, new york, news, online, prepare, problem solving, resilience, Scott Morris, small business, solution, survival, Tompkins County, trade, txt2pay, U.S. Dollar
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