In a world dominated by monetary currency, an alternate unit of exchange has been conceived: time. At the Onion River Exchange – a Time Bank – in Central Vermont over 700 members fulfill their needs through a time bartering network. In this system, the hours a person uses to perform services such as helping another member of the time bank with their gardening or teaching another member how to knit are worth credits and those credits can be used to receive services or goods from other members of the time bank. Sound interesting? Check out the in-depth videos below to see just how well this system works.
“In ORE, the currency is time, and everyone’s time is equal.” orexchange.org
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