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5 results for "local currency"
A Bavarian region invented its own colorful currency 22 years ago to support local shops. Now it's saving thousands of tons of carbon by rewarding residents who make eco-friendly choices with free money.
Public sector workers in Ghana can now buy affordable homes with 20-year mortgages in local currency, solving a crisis that's left 1.5 million families without housing. A $750 million fund will help nurses, teachers, and doctors own homes without the currency risks that previously made payments unaffordable.
Nigerian tech agencies just launched a subsidized cloud service that lets startups pay in local currency instead of dollars. Over 160 early-stage companies now have access to affordable, secure infrastructure that could help them survive and grow.
Kenya just plugged into a continent-wide payment network that lets 240 African banks send money across borders instantly in local currency. No more waiting days or losing money to expensive dollar conversions.
African musicians were losing millions in royalties because they couldn't access foreign payment systems. Now a homegrown platform called SongDis is changing that by letting artists withdraw earnings in their own currencies.