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.
TradeQoin works closely with similar networks which nowadays show more than $50 billion of turnover in their own digital money. Research shows that these networks contribute to the financial health and resilience of business, regions and countries in which they operate.
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 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:
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.
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.