Local Currency

The means of barter economy that can be used in a certain area in everyday life like cash

The world’s first commercial Blockchain-based local currency platform of Glosfer has prevented the side effects that occurred in the process of issuance and operation of the existing local currency and strengthened transparency and stability of the local currency.
Making a new platform for such a system, Glosfer has developed the cryptocurrency platform that can be customized freely in a form adequate for the local currency of each region. Glosfer will increase the convenience of the local currency by adding more additional services such as payment service.

Improvement of transparency by preventing forge or falsification
.
System computerization and real-time monitoring available
.
Less operation cost and applicable to local specialty products
(ex. Festival, tourism, etc.)

Local currency in Nowon-gu – Converting social value to economic value

The local currency in Nowon-gu converts the volunteer services and donation activities or the residents of Nowon-gu to economic values.
The local currency was allowed to be used in the locality like cash to achieve the two goals of facilitation of volunteer services
and donation activities and revitalization of the local economy.

Glosfer has supported the establishment and operation of the local currency by not only designing and setting up the system
but also holding meetings with the public agencies in the locality and civic organizations.

Local currency in Nowon-gu – Converting social value to economic value

The local currency in Nowon-gu converts the volunteer services and donation activities or the residents of Nowon-gu to economic values.
The local currency was allowed to be used in the locality like cash to achieve the two goals of facilitation of volunteer services
and donation activities and revitalization of the local economy.

Glosfer has supported the establishment and operation of the local currency by not only designing and setting up the system
but also holding meetings with the public agencies in the locality and civic organizations.