alternative currency
Non-standard exchange medium
Alternative currency is any medium of exchange used in place of a country's official money.
This includes local currencies designed to circulate within a community, cryptocurrencies like Bitcoin, barter credits, and time banks where labor hours serve as payment.
Some alternative currencies aim to keep wealth local; others seek independence from government-controlled systems.
The farmers' market accepts an alternative currency redeemable only at local businesses.
- BitcoinPeer-to-peer electronic cash
- digital walletVirtual payment storage
- silver certificatesPaper currency exchangeable for metal
- EthereumProgrammable blockchain network
- RippleCryptocurrency payment platform
gift economy · copper coins · carbon credits · Dogecoin · gold standard · scrip · underground economy · wampum · Litecoin · Litecoin
- informal economiesbarter, bartering, swap, trade networks, barter systems
alternative currencylegal tender
Officially recognized payment medium
fiat currency · national currency · reserve currency · hard currency
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