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A radical definition:
- MONEY 2.0 is a mutual credit concept specifically designed to replace the current money system (in which the power to issue money is a monopoly exercised by banks). In MONEY 2.0, anyone can issue money who is willing to exchange products or services.
A pragmatic definition:
- MONEY 2.0 is a mutual credit concept, using new technologies to open the range of products and services offered against the mutual credit concept agreed between the consumer and the provider.