Customers using the Colu app (reported here previously) to purchase goods and services in Israel during the Covid-19 pandemic, contributed $4 million to local businesses from March to May. Business owners reported that some 30 percent of their economic activity … Continue reading →

Tel Aviv-Yafo Municipality has launched a pilot project to examine using a “digital city currency”. Residents who spend at least NIS 20 five times at local businesses using the Colu app get a reward of 25 digital coins. A youth … Continue reading →

Israeli startup Colu’s digital wallet allows customers to pay local businesses instantly in a virtual currency (e.g. Liverpool local pound) from their smartphone. Starting with Tel Aviv, Haifa, London, Liverpool and Barbados, Colu has instigated a true “peer-to-peer” economy. http://jewishbusinessnews.com/2016/06/23/israeli-blockchain-startup-colu-raises-9-6-million-to-promote-bitcoin-based-local-currencies/ … Continue reading →