Crypto is for everyone - CIUGUban case
Hi,
I was pleased to read in the news, that one small village of 3000 souls in the heart of Transylvania, Romania, has created its own digital currency called CIUGUban, which comes from Ciugud name of the village and ban, which means money and is also the denomination of the Romanian Leu - RON.
Ciugud is one of the richest villages in the country, not because rich people moved there, on the contrary, the population was poor for ages, but due to the mayor and the local council, who understood what their job is, namely to serve the population. Usually, politicians in Central and Eastern Europe are there for the money grab, but sometimes we see some positive stories like this one. The mayor decided to go for funding from the European Union, and they applied to almost every program available for development and after winning also took care to implement it.
The local digital currency, CIUGUban was created with such funding. Romania has the lowest rate of recycling in the EU, and this village has implemented a recycling system for PET bottles and metal cans. This might seem a state of the art for most countries, it is something new in here.
To encourage the use of the recycling machine, the ones recycling will receive the digital currency CIUGUban, which can be spent only on local level.
This measure brings some advantages, people get some education and will get used with recycling, they get an incentive to recycle making the planet a little better, and the money from this activity gets back into the local economy. Even if we are global, it helps a lot to consume and spend on a local level. This fuels the economy, jobs are created and the area is thriving.
This is a small piece of news, that has a very small impact on a global level, but it can be an example on how things can be done and local governments can help. Do you have such examples?
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