Multiplying Money:
Increasing the impact of expenditures
Ch@nging money …. make it work for communities!
STRO introduces the Money Multiplier. Our FinTech software, Cyclos, makes it possible to reprogramme money in poor areas so that it “works” more intensively for local communities/regions. Cyclos FinTech unlocks the economic and personal opportunities in these regions. The result is more income and more jobs. In the end, there is less need for people to migrate from their home town/region. We call this the Money Multiplier tool.
STRO will introduce 5 test cases across the world. Additionally, we intend to do fundraising to initiate a movement that can result in $10,000 annual income for 120 million unemployed people. This will be achieved by increasing the impact of the flows of money that are already passing through poor communities. This self-help tool helps local businesses to grow their potential.
What can Cyclos offer you?
Cyclos ( www.cyclos.org ) offers a user-friendly, secure payment system. Presently, over 10 million unbanked people in poor regions worldwide are using the Cyclos facility for mobile wallets. Cyclos also contains tools to increase the impact of existing flows of money and to introduce counter cyclical Social Trade Credit. Cyclos received various awards. Among these the reward by the Bill & Melina Gates Foundation in 2014 as most innovative payment software with a great potential to contribute to the fight against poverty.
More turnover with local money
Money often flows away too quickly from and out of a poor local economy. That makes it difficult to be an entrepreneur or to create local jobs. @nother kind of money is money that does not leak out of the local economy as quickly. Purchasing power circulates locally for a longer time in the local economy facilitating trade between participants of the network. Additional revenue for the local entrepreneurs is created, who in turn, spend this extra income with their colleagues. This is good for the local business climate, employment, social connections and sustainability.
