As part of its effort to combat poverty and make up for a shortage of U.S. dollars, BarterUnit LLC, a Wyoming start up, has announced it has launched its own dedicated community currency system- called the Barter Unit. The economic experiment will seek to facilitate local and regional commerce and peer-to-peer collaboration.
Let’s face it, we live in a broken and disproportionate economy. We are told repeatedly that the economy is growing and that such growth benefits all of us, yet most people are experiencing declining economic security and freedom. External economic assistance is unequivocally needed in these hard-economic times and the Barter Unit, a digital currency free from government intervention, corporate greed and political corruption, might be the solution.
The goal of the BarterUnit establishment is to provide impoverished communities with an alternative source of capital to help people meet their needs and aspirations that are unmet by government-sponsored currencies.
“The concept is pretty straight forward, we have created a community currency system that counters the inequalities, debt, class, exclusion and accumulation that government-sponsored currencies have imposed on us all. Since many people don’t have enough money to pay for everyday expenses, an alternative currency system that runs parallel with the official currency system is necessary to help facilitate access to basic necessities and to provide general quality living standard,” says Perez.
The economic experiment is the brainchild of Phillip H. Perez. Perez is the Founder and CEO of BarterUnit LLC. He has a master’s degree in Conflict Resolution and Reconciliation and is an avid humanitarian helping communities create and promote better quality living standards.
We interviewed Perez, to learn more about the BarterUnit establishment. Below is an excerpt.
Phillip, can you tell us what the BarterUnit establishment is all about? What is BarterUnit exactly?
“Yes of course, in short, it’s an all-in-one community currency system and a barter-exchange platform. The BarterUnit establishment is designed to be an alternative currency system with an embedded barter-exchange marketplace, the marketplace of course being its secondary feature. You see, you can’t have a community currency system without a marketplace to utilize or redeem the acquired community currency, so the creation and implementation of a marketplace was necessary. The two concepts, both the community currency network and the barter-exchange marketplace go hand-in-hand.
What exactly is the Barer Unit?
“In simple terms, the barter unit is similar to cash – only not cash. Barter units are designed to be an alternative form of digital currency and can be used to trade or purchase goods, services and unwanted items exclusively within the BarterUnit community. Initially, barter units were specifically designed to help cover any possible value difference that may arise within a bartering process. However, we realized the barter unit has the potential to be a standalone currency. If you think in terms of grander visions, the more people who adopt and respect the barter unit as an alternative form of currency, the more economically valuable the barter unit becomes. So, in that respect, it has potential to be a worldwide viable currency.”
What is the value of each Barter Unit?
“Each barter unit is valued at $1 dollar. For example, if you obtain 20 barter units, then you would have a $20 value in barter units to trade or make purchases with other BarterUnit members. We currently have over 1 million barter units in circulation and the number is growing expeditiously. If you equate that in terms of dollar value, that’s a circulation valued at over $1 million U.S. dollars.”
How do members obtain these Barter Units?
“Easily. You can obtain barter units by trading your goods, services and unwanted items in exchange for barter units or you can easily purchase barter units. Additionally, you can win barter units during our weekly barter unit giveaway via our mobile application. Our goal is to giveaway free an estimated 10 million barter units, to stimulate the barter unit economy, but at this time, we haven’t quite figured out the distribution process.”
How does the system work exactly?
“The concept is pretty straight forward. The system enables users to post their goods, services and unwanted items and trade something for something, usually of equal value, and if your trade is not of equal value you may include barter units in your offer to cover the value difference.”
Why create BarterUnit? What precursors lead you to create BarterUnit?
“Well, for me its personal. The creation of the BarterUnit establishment is both politically and economically derived. You see in today’s broken and disproportionate economy, money is scarce. Many of us live paycheck to paycheck and after paying high cost living expenses, taxes and other miscellaneous deductions, we end up penniless at the end of the day. Furthermore, recent studies show that most people fear the shortage of the U.S. dollar and are mentally and physically exhausted with the wealth gap and inequalities that are caused and sustained by the official currency system. I happen to be one of those people. Now, to answer your question, there are a number of reasons why I created BarterUnit and I can go on for hours providing you these reasons in great detail, but in short, I felt that creating an alternative currency system was necessary, especially in these hard-economic times…. Thus, the creation of BarterUnit LLC.”
What is the BarterUnit mission?
“Well, my daughter Vanessa came up with a very accurate mission statement that I happen to agree with 100%. She states, and I quote; we have an extreme passion for the welfare of people. Our goal is to make people’s lives better every single day. Giving people alternative purchasing power WILL make a positive impact in their lives.”
Can you name one person that has inspired you?
“Yes, I can. That would unequivocally be Ayn Rand.
Phillip, what advice would you give to an entrepreneur trying to create a startup?
“Never give up! Surround yourself with positive influential people who share the same values, beliefs and visions. Learn from your mistakes and assert yourself profoundly and effectively as possible, at all times, despite all obstacles and challenges you may encounter.”
In 2020, Perez also intends to implement a social media platform enabling and encouraging users to post notable and worthy postings for overall better social connectivity. Perez is excited to see the first phase complete and is extremely adamant to see the project utilized worldwide. Phase 2 will begin January 1, 2020.Email This Post