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Open money is a means of exchange freely available to all. Any community, any association - indeed, any body - can have their own money. Open money is synonymous with LETS - an invitation to come inside and play, as in open door and open house; collaboration as in open hand and open for all; attitude as in open mind. The purpose of the open money project is to bring together and organize the people and resources necessary for the development and propagation of open money everywhere. The open money project remains a work in progress - a continuation of almost 25 years of LETSystem and community currencies development all over the world, two community way projects in Canada using smart cards, the Japan open money project, and, most recently, a community currencies services provider - ccsp.

Related:  P2P Lending

35+ Social Lending Platforms Around the World I’ll be giving a presentation on ‘the future of money’ in a few months, and am trying to wrap my head around all the emerging disruptive tools and services that are shaking up the financial industry. I plan to do a few posts covering these areas, and hope we can have some interesting discussion about what it means and where we’re going. In the meantime, here’s a general resource of social lending platforms/marketplaces across the globe. If you’re aware of any I’ve missed, please let me know! Thanks. Social Lending Open money manifesto The problems with money stem entirely from how conventional money is normally issued - it is created by central banks in limited supply. There are three things we know about this money. We know what it does - it comes and it goes.

Community Currencies Complementary Currencies Virtual Currencies Community Exchange Time Banking Barter software Here Comes the P2P Economy - The Conversation - Harvard Business by Stan Stalnaker | 9:24 AM February 26, 2008 Peer-to-peer, or P2P, networks have thrown the media industry into turmoil, changing the flow of information from a one-to-many model (with newspaper publishers, Hollywood studios, and big music companies as the sources) to a many-to-many model (with blogs, YouTube, and file-sharing forums as the venues). The ability of individuals to both consume and create content–news, movies, and music–greatly threatens traditional players. Witness the struggles of established U.S. newspaper publishers–the share prices of the four largest have fallen between 10% and 50% during the generally rising market of the past three years–because of challenges from new media and advertising models, including P2P schemes.

Open Money Open = Project to develop a software and infrastructure to enable peer-based multiple local currencies. URL = "The open money project aims to create the global infrastructure, tools, governance mechanisms and platforms that will give communities the capacity to create their own currencies[1] with just a few clicks and thereby liberate their wealth potential. This will become the most important evolution for society in the coming years Prosper raising $13.3 – $15.8M round for peer-to-peer lending ma Peer-to-peer lending marketProsper is in the midst of raising a $13.3 – $15.8 million fourth round of funding, the company announced today. The company’s lending market currently has nearly a million members, and so far, those members have funded 32,000 loans totaling more than $193 million. The company said it has signed a letter of intent with new and existing investors to raise the round, which is expected to close by April 15. To date, the San Francisco-based company has raised $43 million.

OpenCoin = anonymous virtual tokens URL = "The OpenCoin project is about creating anonymous virtual tokens, by providing a set of standards (formats and protocols) and a GPLed reference implementation of these standards. Tokens can be used for different kind of purposes, including online payments and voucher systems." Joerg Baach: - Interview with Jean-Christop I invite you to watch the video I shot last week in Paris with Jean-Christophe Capelli. I met JC for the first time in NYC, the day before the very first Finovate event back in 2007. Time flies...

Ripple = a standard protocol for routing payments through arbitrary currency networks URL = "Ripple is a payment system, which enables global financial transactions of any size with no chargebacks. It is built upon a distributed, open source internet protocol, consensus ledger and native currency called ripples.