Time-based currency
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In economics, a time-based currency is a currency where the unit of exchange is the hour.
Time-based currencies value everyone’s contributions equally. One hour equals one service credit.
- Time Dollar: In the United States, the time-based currency schemes are called Time Dollars Service Exchange.
- Time Bank: In the United Kingdom the schemes are called Time Banks and Hour Banks. There are reported to be 60 schemes running in the UK. They are promoted as a tool in community regeneration.
See also
External link
- The Time Dollar Institute (http://www.timedollar.org/)
- Timebanks.co.uk (http://www.timebanks.co.uk/)