Business Development

2021

Parity Network is closing its local currency

Parity Network is closing its local currency Over the past three years we have been working on developing an innovative digital currency targeted towards small businesses within Birmingham. The model was inspired by the successes of Sardex, Italy and WIR, Switzerland, where 10,000s of small businesses conduct £100millions-worth of transactions each year. It differed from the more popular cryptocurrencies as it allowed its users to access the currency through spending a zero interest credit facility, instead of buying it like with Bitcoin.

2020

The development of a local marketplace for business-owners in Birmingham to trade without cash

The development of a local marketplace for business-owners in Birmingham to trade without cash Parity has been supported with a grant from the Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP) Parity Network offers business-owners a marketplace to trade without cash. It developed from a research project at the University of Birmingham that studied similar models in Italy and Switzerland. We have spent a significant amount of time adapting the model to meet the needs of businesses in Birmingham.

A local currency to increase footfall for Birmingham restaurants and bars

A local currency to increase footfall for Birmingham restaurants and bars Two local licensed premises are using Parity to attract new customers and increase their revenue Parity is a new digital marketplace for businesses within Birmingham that uses a local currency to boost liquidity amongst its users. We developed our platform working with a diverse range of companies in the Jewellery Quarter and support from the University of Birmingham and Birmingham and Solihull Local Enterprise Partnership.

A local currency to support digital and creative agencies to find new clients

A local currency to support digital and creative agencies to find new local clients Digital and creative businesses in the Jewellery Quarter are using Parity to connect to new customers and increase their revenue Parity is a new digital marketplace for businesses within Birmingham that uses a local currency to boost liquidity amongst its users. We developed our platform working with a diverse range of companies in the Jewellery Quarter and support from the University of Birmingham and Birmingham and Solihull Local Enterprise Partnership.

Use a local currency to meet new customers for your professional services business

Use a local currency to meet new customers for your professional services business Local service firms are using Parity to meet new clients and increase their revenue Parity is a new digital marketplace for businesses within Birmingham that uses a local currency to boost liquidity amongst its users. We developed our platform working with a diverse range of companies in the Jewellery Quarter and support from the University of Birmingham and Birmingham and Solihull Local Enterprise Partnership.

Parity supports four local firms to transact without cash

Parity supports four local firms to transact without cash This week four businesses have used Parity to conduct transactions within our local currency. Parity is a B2B platform in Birmingham that has its own local currency. This week some of its members have had the first chance to really appreciate what Parity can do. It all started on Tuesday when Repc and Kinetic conducted their first transaction. It was supported by our broker and digital platform.

Is Parity like Bitcoin?

Is Parity like Bitcoin? A common question we get asked when we explain what Parity is is if it is like Bitcoin. Bitcoin is the most well known crypto currency and the first to gain any traction. Parity tries to solve a different problem to Bitcoin and therefore is quite different. Bitcoin was developed by a pseudonymous person or group called Satoshi Nakamoto in 2008 to 2009. It borrowed ideas from previous projects such as Nick Szabo’s Bit Gold and Adam Back’s Hashcash as well proposing novel solutions to the problem of decentralised digital money.

How does Parity compare with Bristol Pound?

How does Parity compare with Bristol Pound? We have been on a long journey of development to get to where we are today. I have personally been interested in alternative currencies for a while now. I have studied a wide range of models, from the famous Bitcoin, to Sardex, which is our main inspiration. The largest local currency in the UK is the Bristol Pound. I thought I would share some thoughts on how we differ from the UK’s leading local currency project.

Why is Parity a tool for Local Economic Resilience?

Why is Parity a tool for Local Economic Resilience? A currency designed to support independent businesses and boost the local economy is not a complete novelty mainly because of the long standing experience of the WIR Bank in Switzerland. Established in 1934 by Zurich’s entrepreneurs, WIR was conceived to address the lack of liquidity and credit crunch in years of economic depression. The financial instability after 1929 made credit unavailable or very expensive, uncertainty reduced the overall consumption resulting in revenue losses; nevertheless the capacity of local businesses to produce and sell had not changed.

2019

Parity app available in the app stores

Parity app available in the app stores Parity app is now available for both Android and iPhone. Search your app store for “Parity Network” to find it or alternatively follow the following links. You will need a to be a member of the parity network to use this app. https://play.google.com/store/apps/details?id=network.parity.app https://apps.apple.com/gb/app/parity-network/id1486679582

2020

2019


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