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Canadian City of Calgary Launches Local Digital Currency for Intracity Transactions

Calgary, a city in the Canadian province of Alberta, allows citizens to pay for local goods and services via its new digital Calgary dollar.

Calgary, a city in the Canadian province of Alberta, has launched its own digital currency. The Calgary Dollar will allow holders to pay for services and goods at local shops, Canadian major media outlet Global News reports Friday, Dec. 7.

According to HuffPost Canada, the Calgary dollar was initially launched in 1996, with citizens and businesses offering goods and services in exchange for the local currency alongside the Canadian dollar. This new move in 2018 allows citizens to download an app and store the digital currency on their devices.

Calgary is reportedly the first city in Canada to launch its own coin. According to Global News, Alberta’s government supports the initiative. The officials expect that the Calgary dollar could support small businesses and…

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2018-12-12 16:21:00

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Written by Cointelegraph

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