A digital value exchange platform for Communities

The Coin Foundry Value Exchange Platform (VXP) creates a closed loop cash flow among the program sponsor (municipality, business improvement district, event organizers, etc.), local merchants and residents/visitors (customers), a.k.a. the community.

Customers purchase coins for use within the community. Coins can only be spent within the group of participating merchants who redeem the coins for cash or can use them locally in turn.

Municipalities can also use the VXP to distribute entitlements (a.k.a. government program benefits) to qualified residents for use within the community.

Objective
1
Objective
1

Empower communities to establish an internal digital value exchange platform

Similar to scrip, any group of people can create a VXP for a municipality, merchant cooperative, event, etc. The VXP allows the sponsor to create added value, such as bonus coins, discounts, promotions, etc. to incentivize residents and visitors to use the platform. Municipalities can use the platform to save cost for payments such as parking tickets, utility bills, etc.
Objective
2
Objective
2

Support local businesses

Small and local businesses provide the vast majority of jobs in the United States. More of the money spent at local businesses stays within the community. Clearly, supporting local businesses is good for the community, the economy and the country.

Objective
3
Objective
3

Seamless simple mobile app on a flexible platform

One-tap contactless payments. Pay immediately or any time. Send coins to friends. Inter-merchant payments. Secure transactions. Manage coins in multiple communities. Complete downloadable transaction history.

 

All via a simple mobile interface.

Community Coin for Local Business
Community Coin for Local Business
Community Coin for Entitlements
Community Coin for Entitlements

Everyone Benefits

Everyone Benefits
Municipality
Promotes local spending

Promotes more local jobs

Generates new incremental revenue

Can offer tax incentives, entitlements and programs to residents and local merchants

Use data for greater insights for economic development

Establishes digital foundation for municipality

Easy auditing and reporting

Easy to establish and track metrics
Merchant
Increases sales

Establishes direct relationships with the customer

Enables target marketing (much less expensive than coupon programs)

Promotes customer and brand loyalty

Contactless payments

Convenience

Supports the community

Complete log of transaction details
Customer
Increased dollar value

Contactless payments

Convenience

Supports the community

Complete log of transaction details
Close Bitnami banner
Bitnami