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Why Kenyan Communities Are Printing Their Own Money

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Communities without enough national currency can issue their own. Caroline Dama and Will Ruddick built community currencies in Kenya that are still circulating. We are thrilled to welcome Caroline Dama and Will Ruddick, both founders of Grassroots Economics. Will Ruddick, founder of Grassroots Economics, and has pioneered Community Currency programs in Kenya since 2010. Currently, he's working together with the Red Cross on a new project to solve the lack of hard cash by deploying blockchain-based ''Local Currencies'' to smooth trade in communities and spur economic activity during this pandemic. Caroline Dama is co-founder of Grassroots Economics and provides the local perspective as a native Kenyan. There are many people with ideas to use technology to help eleveate poverty, but in contrast to many others, Will and Caroline have actually already executed this and has been able to empower marginilzed communities by helping them manage their economic future. More on this project can be found here: https://www.reuters.com/article/us-technology-aid-climate-change/red-cross-boosts-disaster-prone-communities-with-blockchain-cash-idUSKBN1Y01K1?utm_source=Pabbly&utm_medium=email&utm_content=How%20Digital%20Currencies%20can%20Elevate%20Poverty&utm_campaign=here In the rapidly evolving landscape of grassroots economics, a significant question arises: can digital tokens replace hard cash? This inquiry is particularly pertinent for asset managers and investors who are increasingly considering the integration of digital assets into their portfolios. The concept of digital tokens as a viable alternative to traditional currency is being explored in various forums, including the TBLI conference, where experts gather to discuss the future of finance. As environmental, social, and governance (ESG) considerations become more prominent in investment decisions, the potential for digital tokens to offer a more sustainable and transparent form of transaction is gaining traction. This video delves into the possibilities and challenges associated with digital tokens, examining their potential impact on the financial sector and their viability as a substitute for hard cash, providing valuable insights for investors, asset managers, and anyone interested in the future of money. 0:00 Building Sustainable Global Ecosystems 1:37 Digital Currencies in Kenya 2:47 Empowering Local Communities 4:06 The Evolution of Community Currencies 7:32 Ensuring Economic Stability 9:33 Blockchain and Bonding Curves 12:11 Gaining Community Trust 16:57 Scaling Impact with Global Partners 📌 Subscribe to TBLI Radical Truth for unfiltered, deep-dive discussions with sustainable finance thought leaders challenging the conventional narratives around impact and the future of finance. https://www.youtube.com/channel/UCDBhRVM93uUnAAtqOMIz_yg?sub_confirmation=1, EXTRACTION How business takes your money, your work, your resources, your data and your future, while presenting itself as something else entirely. Robert Rubinstein's next book, from 30 years inside the system. If this conversation makes you question where your money is actually going, Extraction takes that investigation much further. TBLI GROUP - https://www.tbligroup.com - Robert Rubinstein on LinkedIn: https://www.linkedin.com/in/robertrubinstein/

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