The
Shopping Village has
Shops, Services and
Swap Shop where members can buy, sell, barter or swap goods, services and skills using combinations of £s + Ls in the process.
Essentially:
- buyers can find L-Bargains, save money and pay instantly on-line from their L Bank account
- traders can build shops, offer their services and skills and manage their businesses on-line
- full e-commerce systems are available with shopping baskets, shipping and payment systems
- owners of websites can install L-Pay to receive L payments from computer or mobile phone
- business owners can buy or lease an L Bank card reader for point-of-sale payments (EPOS)
- our EPOS units connect to thermal printers, enabling pre-paid orders for collection or delivery
- Swap Shop increases ways and opportunities to find, barter for and swap goods or services
Banking
This is a platform to host alternative banking systems and L-Bank is the first one to offer all the facilities of a High St. Bank on a debt-free basis. Here, you can:
-
- access your on-line banking services including statements, payments and standing orders
- choose your 4-digit pin number for your L Bank card and to login to your account
- add L-Pay to your website to enable L transfers within your e-commerce system, if applicable
- use the service on your mobile phone, find L-Bargains and make L payments anywhere
We invite other alternative debt-free banking systems to join us and collaborate. We can provide a 'mirror' of our banking systems to extend the variety of alternatives that can operate within our 'Village' and in the world outside.
We can work together for a debt-free world here and now!
The L Currency
Alternative currencies are exactly what the name suggests, an alternative means to account for, enable and supplement exchanges of goods and services. Having regard to L:
-
- L50 is paid into the account of each member when they sign-up to tgl and accept the Charter
- thereafter L is earned in the Skills Exchange by members choosing to teach, give or learn
- L is debt-free because it is not lent into existence and is not repayable to the L Bank
- its value comes because it is created by the choices of members to collaborate and learn
- when accepted in a community, it provides increased liquidity to boost local activities and trade
- e.g. when traders accept 20% in L for goods, local prices reduce by 20% in conventional money
- naturally, people earning L10 an hour in the Skills Quarter will choose to shop for L-Bargains
- so, trade is attracted to local businesses and away from supermarkets and large businesses
- as L increases in acceptability, traditional money stays in and supports the local economy
- similarly, the cost of local public services can reduce in line with the % acceptable in L
- local people can collaborate to deliver their own local services as projects for hands-on learning
- any increase in supply and circulation of L is founded on the creative choices of the local people
- thus, L supports 'bottom-up' self-empowerment and hands-on, collaborative life-long learning
We invite other alternative debt-free banking systems to join us and collaborate. We can provide a 'mirror' of our banking systems to extend the variety of alternatives that can operate within our 'Village' and in the world outside.
We can work together for a debt-free world here and now!
