When Local Currencies Go Digital

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Local currencies – money you can only spend at small local businesses – aim to keep money in their neighbourhood and out of the hands of big corporations and their shareholders. Now they are going digital, with local currencies that live only on smartphone money apps. Could it make them a financial force to be reckoned with? Presenter: India Rakusen Reporter: Dougal Shaw Image: A local digital currency working on a smartphone / Credit: BBC