B2B currencies

A B2B currency is aimed at creating extra income sources for SME businesses through payments and financing. SMEs can trade with other SME businesses. Using the B2B currency instead of dollars or euros creates additional liquidity. A B2B currency is form of a local currency geared towards small and medium companies.

Examples of B2B currencies

Terra

The Terra (TRC) is a possible "world currency", proposed by Belgian economist Bernard A. Lietaer in 2001.

More information:

Advantages of B2B currencies

Better profit margin
Cheap, fast working capital for 0% interest
Spend less in USD, EUR
New channels to market products and services

About the author

06.01.2024
Neil Ambikar

Neil worked in New Zealand’s and the Netherlands’ corporate world for 7 years as a business advisory and financial analyst. In 2017, he founded his first fintech company http://B2Bpay.co, and in 2021, co-founded Narvi Payments. He is also a chartered accountant in the UK, Australia, and New Zealand.

Disclaimer

This publication is provided for general information purposes and does not constitute legal, tax, or other professional advice from B2B Trade Payment Services AB or its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

Share this article

Share on X Share on Email Share on LinkedIn Share on Telegram Share on WhatsApp

BLOG