“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, and CES websites.
Category: Local Business & Finance