Amsterdam plans to launch its own digital currency within the next four years. The currency can only be used by local entrepreneurs in Amsterdam whose idea is to boost the economy of the community.
“It ensures that money really continues to flow through the city,” GroenLinks councillor Elisabeth IJmker told TV station AT5.
Amsterdam is still working out the exact explanatory copy, for example, how consumers will get the token, what it will be associated with, and who will be able to participate.