Problem: community currencies are a $0 Billion market and promoting their development in a way that ensures and maximizes their potential for communities is expensive. Examples include travel costs or Web hosting costs. Today, although many parties are interested in the development of community currencies, there is no organization that represent their common interests that is able to officially receive donations for interested parties. These common interests today are mostly public awareness and technology interoperability, but will eventually include – should we be successful – right to exist under rules dictated by the government of each nation where these currencies are used.
Solution: we formalize Open Money into an Open Money Foundation, a non-profit dedicated to ensuring and maximizing the potential of community currencies. We use Community Way to raise money: corporate sponsors that may include telcos, computer manufacturers, airlines, etc. These companies donate to the foundation their excess capacity in the forms of consumer coupons/vouchers (ex. voice minutes, bandwidth, computers, offices, miles, etc.) and the foundation uses these donations to finance its mission either by directly using them, or by reselling them for the currency needed.