TradeQoin is a Dutch SME trading network that lets businesses pay each other for goods and services with their own digital currency created at the moment of exchange.
Currency | TradeQoin |
---|---|
Rule setting entity | TradeQoin, runasaco- operative |
Management of quantity of new money and total money supply | Member businesses |
Putting into circulation | When businesses with insufficient balances pay another member |
Taking out of circulation | The sum total of all TradeQoin user balances is 0 at any time |
This helps members reduce their euro expenditure and offers SMEs fast and cheap working capital in TradeQoin. The online marketplace run by members stimulates business between participating SMEs.