Name | WIR Bank |
|---|---|
| Website | www.wir.ch |
| Details | |
| Status of the project | Although WIR started with only 16 members, today it has grown to include 62,000, among whom is traded approximately CHF 1.65 billion annually (as of 2004). The available money supply (currency code CHW) was 839 million equivalent Swiss francs (as of 2005). |
| Peer-to-peer topology | No |
| Single central authority | Yes |
| Uses cryptography | No |
| API | No |
| Languages | German, French, Italian |
| License | Private |
| Founded | 1934 |
| Founder(s) | Werner Zimmermann, Paul Enz |
| Origin | Swiss |
| Wikipedia | wikipedia.org/... |
| History | WIR was founded in 1934 as a result of currency shortages after the stock market crash of 1929. Both Zimmermann and Enz had been influenced by German libertarian economist Silvio Gesell; however, the WIR Bank renounced Gesell's "free money" theory in 1952, opening the door to monetary interest. |
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