Antechinus: Spain activists, whistleblower creating digital pay system

Access, Economics/True Cost, Money, Politics
Antechinus
Antechinus

Spain activists, whistleblower creating digital pay system

The French whistleblower and Spanish anti-corruption activists who triggered an investigation of a former International Monetary Fund chief announced Thursday they are designing a digital payment system aimed at excluding middlemen companies that make money from online purchases. Herve Falciani and the Xnet group say their nonprofit, peer-to-peer payment system would work like PayPal on a local basis within European cities for citizen payments to participating businesses and governments.