“No money? No problem!” is the motto of the Cape Town Talent Exchange (CTTE), based in Cape Town, South Africa. CTTE is a bartering system that enables its more than 6,000 members to trade goods and services by exchanging “talents” rather than money. The goal is to keep a balance between services rendered and received, and transparent online records encourage people to give and receive evenly. The currency-free Claremont Talent Market and weeklong Learning Clan festival are sites of in-person exchange within the CTTE framework. As part of the global 966-member Community Exchange System (CES) trading platform, the local “talent” currency can also be used worldwide. For more information, see the CTTE, Learning Clan festival, Talent Market, and CES websites.
Category: Local Business & Finance