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https://reasonstobecheerful.world/time-banks-valuable-currency-aging-communities/>
"David Gill might be the richest man in Sebastopol, California. The
semi-retired health care administrator is banking the most valuable currency in
the world: time. Gill currently has 480 hours in his savings account at the
local time bank, “and I haven’t even registered any of my hours in 2023,” he
says.
In brief, a time bank does with time what other banks do with money: It stores
and trades it. “Time banking means that for every hour you give to your
community, you receive an hour credit,” explains Krista Wyatt, executive
director of the DC-based nonprofit TimeBanks.Org, which helps volunteers
establish local time banks all over the world. Nobody keeps track of the exact
number, but thousands of time banks with several hundred thousand members have
been established in at least 37 countries, including China, Malaysia, Japan,
Senegal, Argentina, Brazil and in Europe, with over 3.2 million exchanges.
There are probably more than 40,000 members in over 500 time banks in the US."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
