Published On: Thu, Feb 2nd, 2017

Liverpool Blockchain Local Currency Gets 3K Users in First Month

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Colu’s updated focus on local digital currency is getting results in the UK as its Local Liverpool Pound (LLP) attracts 3,000 users in a month.
Colu: Liverpool Not Like Other Local Currencies
The Israeli startup, which is also set to launch a local currency in East London next month, benefitted from a $9.6 million USD investment round in June 2016.
Its entry into the UK local currency arena was marked by the LLP becoming the first to actively utilize the Blockchain to record transactions. In so doing, it is markedly more innovative from coins in other UK towns such as Bristol.

“Local currencies are not a new idea, especially in the UK,” Colu CEO Amos Meiri told national newspaper The Telegraph.
The reason they never picked up and became something big is because they were managed by non-profit volunteers, but we are a very ambitious start-up with investors behind us.
£5 Free To Get On Board
The aim in Liverpool is to get people using the smartphone-based LLP to keep more money in circulation in the local economy. Users top up a digital wallet using Colu’s app, then use it to pay instantly at participating merchants. …

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