Corrents are specifically invented for temporary Corona aid
Does the Czech Republic show its neighbors where to go in terms of payment? In the south of the country, the small town of Kyjov is currently paying out part of its pandemic aid in a cryptocurrency. A project that could catch on.
Whether buying bread rolls, visiting the hairdresser or coffee to go: around 2,000 residents of the small town of Kyjov can currently pay for their everyday errands in a cryptocurrency. This is called Corrents and was specially invented for the temporary project.
Almost 40 Stores In Kyjov Are Participating In The Project
The dealers are so far satisfied. Like Hornakova, who runs a candy store: "The customers think it's great. We see that they are really excited and that small retailers are happy to support us with their purchases."
Private Plan With A Singing Effect
The project is managed by the producer and entrepreneur Pepe Rafaj. He sees it as a good aid tool for the municipality: "The currency has an expiry date. That means that the owner has to spend it within a certain time. And because he can only pay half with it, he also has to spend real money". The aim is to stimulate trade with the pandemic aid.