We are living in a digital age and we could question why banks still have branches in our High Street.
Some cities like Bristol and Exeter decide to get their own and unique currency.
Recently, the green light has been given to Exeter to have Exeter Pound! There is even a design competition for the various notes.
To follow the social media channel go to @ExeterPound.
This could change the way people buy and visit shops. Of course, mainly and only independent and local retailers will/can sign for it.
It is surprising that in the 21st century people are still interested in paper money when everything is actually digital.
Also, the bank of the internet is getting more and more popular. It provides quick and easy access with no delay/queue - 24/7 services.
https://www.chartersavingsbank.co.uk/ will be a dedicated online banking service for savings accounts only!
It is important to think of future businesses as being visible and accessible online. Potential customers/clients don't want hassle - they usually want a service straight away with as little questions as possible.
Browsing the internet is nowadays something "natural" for most of us whether you are just looking for something particular/specific or jut bored of what is in the newspapers and on television.
Online updates are live, fast and streamed from around the world: this is what people like about social media, for instance. There are no actual limit as you can even look for interesting vacant property listings from your tablet or smartphone at anytime.
Some are consequently questioning if the Exeter Pound is a viable project or just... a waste of efforts and papers.
...Exeter Pound will be a local currency to support local traders by diverting more of the money currently spent in chains, and then encouraging those traders to spend locally as well... Source
Of course, there always are sceptical individuals when a new idea is submitted, but it might well be worth the investment to put Exeter on a city map with that little thing which can change its profile within the existing community.