20min chapter

The Blockchain Socialist cover image

Collaborative Finance: Credit clearing for collectively doing more with less capital

The Blockchain Socialist

CHAPTER

Sardex: A Mutual Credit System for Local Firms

The chapter discusses the concept of Sardex, a mutual credit system that provides alternative finance sources for local firms to survive. It explores how Sardex functions as a payment system, reducing reliance on cash and traditional financing methods. The chapter also raises concerns about Sardex being taken over by venture capitalists, leading to a decrease in support for social goals.

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