Thursday, April 25, 2024
Good News in the WorldEuropeResilience and renewal: Sardinia's Sardex currency paves the way

Resilience and renewal: Sardinia’s Sardex currency paves the way

In the heart of Sardinia, a group of friends embarked on an audacious journey during the financial crisis. Inspired by the mysterious nuraghi towers that dot their landscape, they created Sardex, a unique local currency.

Armed with little financial experience but boundless determination, they designed a system of mutual credit where firms earn digital Sardex by trading with others in the network.

Today, Sardex thrives, connecting thousands of businesses and facilitating millions in transactions. It’s a testament to their unwavering commitment and belief in the power of community-based solutions, offering hope to a region grappling with economic challenges.

Source video: CBS Sunday Morning on YouTube

Source image: ft.com

Source: ft.com

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