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Re: [Taler] Taler for local currencies, local electronic currency called
Re: [Taler] Taler for local currencies, local electronic currency called "e-Chiemgauer"?
Sat, 2 Jul 2022 16:10:46 +0000
> On 2. Jul 2022, at 11:56, Thomas via Taler <email@example.com> wrote:
> I had the same question as Daniel!
> And remembered the local currency "Chiemgauer"
> and found, it has – beside voucher system – a digital money, electronic
> currency called "e-Chiemgauer" resp. Regiocard!
> Two articles from their service provider "REGIOS eG" [eG = legal cooperative
> n Germany].
> Translated with DeepL (free version)
> One card - many possibilities.
> The Regiocard can be used to make cashless payments. Consumers register free
> of charge with their Regiogeld [local currency] association and receive their
> Regiocard within 14 days. The Regiocard works like an EC* card: customers can
> use it to "withdraw" vouchers from their account or pay directly at the
> terminal at the checkout.
I think this is key here. The fact that this basically works just like a
regular EC card, there is presumably little to no integration cost at the
I do not know what the Taler approach would be here, but I guess the best/most
simple solution to integrate Taler at a small shop is using a mobile merchant
This is a significantly higher integration cost without even looking at the
Especially for low volume, local currencies this is important as you are
looking at relatively significant investments (for the merchant).
> With this card, Regiogeld [local currency] has arrived in the modern world of
> electronic payments. It makes using Regiogeld [local currency] simple and
> easy to understand - for providers, consumers and associations.
> In order to be able to offer the service to consumers, entrepreneurs receive
> payment software from Regios eG. This is already included in the monthly fee.
> If desired, REGIOS eG will take care of integration at the point of sale.
> Regios eG is currently the computing center for the "Chiemgauer" and the
> "Sterntaler" [both are local currency]. We ensure that the Regiogeld cash
> register is correct, that Regiogeld [local currency] users can pay
> conveniently and comfortably, and that larger sums can be moved with the help
> of electronic Regiogeld.
> With the successful Chiemgauer model project, we have been successfully
> demonstrating the possible uses of Regiogeld for several years. In order to
> be able to move a turnover of four million Chiemgauer, a silent processing
> system is needed in the background. Paying by card and automatically
> benefiting a good cause, transferring 10,000 Chiemgauer at the push of a
> button or withdrawing 100 Chiemgauer in cash. No problem with the REGIOS
> computer center. We offer you a complete system from a single source.
> If you don't want to reinvent the wheel and want to set up a successful
> Regiogeld project with the most modern possibilities, contact us and simply
> fill out the contact form."
> "Regio account
> A Regio account is a normal bank account to which the Regiogeld [local
> currency] rules are applied. This enables us to implement Regiogeld [local
> currency] in the established banking system. To use a Regiogeld [local
> currency] account, a bank account must be opened at a regional bank of your
> choice and a data center service form must be filled out. Then Regios eG
> applies the Regiogeld rules to this account.
> For our Regiocard, the Regiogeld [local currency] accounts are the technical
> basis. Companies and associations participating in the Regiocard system need
> a Regiogeld [local currency] account. Consumer payments and distributions for
> associations are posted to this account. For payments between regio accounts
> (i.e. from regio account to regio account), no re-exchange fee is due. This
> regional fee is only charged when payments are transferred from a regio
> account to another bank account that is not part of the regio account system."
> Sounds interesting right? How they are applying their "Regiogeld" [local
> currency] rules to usual bank account?
I think it is interesting how they legally work around the issue of local legal
tender and if they would be interested in Taler as a technology.
But, see above, the key for its success (first time I heard of it so I do not
really know how successful it actually is) seems to be integration cost to me?
You are looking at actual paper and EC vs a whole technology stack.
> Best regards Thomas
> Am 30.06.22 um 13:46 schrieb Sebastian Javier Marchano:
>> Hi Daniel,
>> sounds like a good place to use GNU Taler if you have the correct
>> Personally, I don't know any project that has passed all the regulations to
>> guarantee the correct usage of the capital (like AML or KYB).
>> Happy to help or answer any other questions.
>> On Wed, 29 Jun 2022 at 22:58, Daniel Gagnon <firstname.lastname@example.org>
>> In Quebec City we have a local currency meant to boost the local
>> and encourage people locally. It kinda works like a physical
>> Taler, the
>> mint echange canadian dollars for local dollars and gives that money
>> back to merchants when they bring the local money customers brought.
>> So far there are 450 participating local businesses and 180K of that
>> money that circulates. If I understood correctly how Taler works, it
>> would be a good digital complement. Do you know of any similar
>> that used Taler in this manner?