Growing community group, Bunz, just added digital currency to their community services arsenal. The cryptocurrency, BTZ, is available as of today, April 9th, and all app holders with the latest version will be automatically granted 1,000 BTZ.
As the original trading zone evolved organically, Bunz owners and admins witnessed users often resorting to subway tokens and gift cards as commonly accepted alternatives to cash when a true trade wasn’t possible. Created as a flexible, secure and democratic option to barter trades to the growing community of more than 1 million users, BTZ cryptocurrency can be used both for trade between users, as well as with businesses outside of the immediate Bunz community. BTZ and can be redeemed for food, coffee, beer, clothing and beauty services.
This will mark the first time that a Canadian company launches a readily useable cryptocurrency to an established, engaged community of users. Bunz has already secured partnerships with over 100 local brick and mortar food, beverage and retail locations that will accept BTZ in exchange for goods and services.
“Our fundamental goal is to build a community that promotes a sustainable future. Part of making the world more sustainable economically means the decentralization of social networks and marketplaces, making way for stronger local communities. New technologies like cryptocurrency are making that possible,” said Sascha Mojtahedi, CEO, Bunz Trading Zone. “BTZ is an extension of the Bunz bartering revolution. We see a future where large institutions will be replaced with decentralized systems that are owned by the people who use them, instead of the people that built them.”
Bunz Trading Zone was founded in Toronto 2013 by Emily Bitze as a secret Facebook group for trading things with friends. As invitations spread, a revolution began: a cashless culture emerged, rooted in a commitment to building a more sustainable future through the power of barter and human connection. The app, alongside Bunz.com, launched in 2016 and today is active in every major Canadian city, as well as major centers around the world.