Tuesday, July 23, 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

Positive News Foundation is a certified non-profit sharing only the best positive world news.
All copyrights belong to the source.
No copyright infringement is intended.
Email support@positivenewsfoundation.org to fix/remove.

Get more Positive News in your E-mail Inbox

1x per week - free

latest positive news

- Advertisement -Newspaper WordPress Theme

More articles

- Advertisement -Newspaper WordPress Theme