Scrip and Voucher Systems Alternative to Cashless Society
Feb 23, 2016 7:59:15 GMT -6
Nugget and Glencairn like this
Post by Michigan Swamp Buck on Feb 23, 2016 7:59:15 GMT -6
Although you aren't legally allowed to create a private currency, scrip and voucher systems can be used as an alternative to out right bartering. Coupons, tokens, vouchers and scrips are legal if they don't look like the official currency or are minted coin from metals. They have been and still are being used like cash in certain communities and there are problems with getting people to use them, but if the government eliminates physical currency, you could go this route on a local or regional basis.
I can see a Bartertown scenario (open air or flea market) where this could work. Exchange goods with intrinsic value for scrips, like say metals, then use the scrips for purchases within the open air market. Any scrips not used could be exchanged for the goods that back the scrips in circulation. Items that have a limited shelf life are normally not used as an exchange commodity. I could see using minted coins, like pre-1981 copper pennies or current nickles, as an exchange commodity. esp. if the government decides to eliminate the penny like they want to eliminate the larger denominations ($100 and $50 bills).
Scrip
Voucher
Scrips are often used for fundraising activities. Here is a website that offers this service.
Shop With Scrip
Many companies offer company scrips, like Disney Dollars. There is plenty of historical examples of scrip and vouchers being used.
There are other private "currencies" like bitcoin, of course that is a cashless deal.
I can see a Bartertown scenario (open air or flea market) where this could work. Exchange goods with intrinsic value for scrips, like say metals, then use the scrips for purchases within the open air market. Any scrips not used could be exchanged for the goods that back the scrips in circulation. Items that have a limited shelf life are normally not used as an exchange commodity. I could see using minted coins, like pre-1981 copper pennies or current nickles, as an exchange commodity. esp. if the government decides to eliminate the penny like they want to eliminate the larger denominations ($100 and $50 bills).
Scrip
Voucher
Scrips are often used for fundraising activities. Here is a website that offers this service.
Shop With Scrip
Many companies offer company scrips, like Disney Dollars. There is plenty of historical examples of scrip and vouchers being used.
There are other private "currencies" like bitcoin, of course that is a cashless deal.
