Currency Pilot: TradeQoin


Holland based

TradeQoin is a trading network for SME entrepreneurs to do business with each other and pay with their own digital form of payment: the TradeQoin.

Entrepreneurs can use TradeQoin to purchase and sell quality products and services. By selling products and/or services the entrepreneur can earn TradeQoin. These can then be spent on making purchases within the network, which reduces Euro expenditure.


SMEs and regions should be made ​​more resistant to multinational companies and chain stores. By stimulating entrepreneurs to trade within a business network they reinforce each other, SME business community become more resilient and the regions in which participating companies are located, are strengthened.

TradeQoin is a currency that is made and accepted by SMEs. This offers SMEs the availability of fast and cheap working capital and creates a market where SME entrepreneurs are more engaged in business with each other.

Rob van Hilten on TradeQoin 

Rob van Hilten explains about TradeQoin, a mutual credit cooperative being rolled out in the Netherlands. Part of the Community Currencies Conference 2013 series.


TradeQoin Implementation

TradeQoin is a network in which participating companies pay each other in TradeQoin, a digital currency. It is not possible to buy or sell TradeQoin. TradeQoin can only be earned and spent. This works as follows:#1

  • Any business that opens an account in TradeQoin will have a balance of 0 TradeQoin.
  • Companies can get TradeQoin by selling products and services to other participants on our online marketplace. The value of a TradeQoin equals one Euro, so pricing and bookkeeping is easy. Every transaction is registered on the online account of the participant.
  • TradeQoin are only spent by purchasing products and services in the network. With each sale the seller receives TradeQoin in their online bank account.
  • Companies with a positive TradeQoin balance can spend with the other members of the network.
  • The mechanism used is similar to traditional double bookkeeping, which companies are used to. All balances together are equal to 0.
  • Sometimes the cost precedes the benefit. Companies can get an overdraft facility if they meet the requirements.

Organizational and business-model

Tradeqoin will be implemented in various locations in cooperation with local partners (eg. business networks and government agencies) as an economic development program.

  • Qoin delivers and manages the technical infrastructure and the administrative/financial procedures. We act as ‘administration office’. We use very professional and secure software that is also used by banks.
  • Regional departments are responsible for local deployment. Qoin accompanies the launch of regional departments with advice to ensure a smooth start.
  • Investments made for making Tradeqoin operational are earned back through membership and transaction fees.


SME entrepreneurs who want to participate in TradeQoin will join one of the national or regional cooperative associations. These cooperatives are only open for membership to SME entrepreneurs. Therefore, together we have complete control over the operations of TradeQoin. If there is no regional cooperative in your area, we want to explore if it is feasible to set up a cooperative association within your region.

All participants from all cooperatives are able to pay each other in TradeQoin. Commissioned by the national and local cooperatives, Qoin is responsible for the management of the TradeQoin.


TradeQoin uses the Qoinware software platform and the CC2 currency management engine (CC2 is published here on Sourceforge). Qoinware has been developed by Qoin in collaboration with STRO foundation who developed the transaction core. The software platform is currently in beta, the source code will be published in 2015 when the CCIA project completes.