According to the Guardian, renewable energy provider Good Energy has agreed to accept the Bristol pound in payment for electricity and gas bills. The company claims to be the first in the world to accept payments in local currency. Bristol residents already use the Bristol pound to pay for groceries, bus fares and council tax (ie real estate taxes).
The Bristol Pound is an alternative currency launched in 2012 to help keep cash in the local community, as opposed to the deep pockets of multinational corporations.
Run as a not-for-profit partnership with Bristol Credit Union, the Bristol pound is the first city-wide local currency in the UK and the largest alternative to Britain’s national currency (pounds sterling). There are approximately 750,000 Bristol pounds in circulation.
Local or complementary currencies are an ideal way for communities to opt out of the corporate money system. Their use has expanded exponentially since…
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