Put down your debit card and stop flipping through those old wrinkly paper bills in your wallet because there is a new way to buy your groceries.
A farmers market is an excellent way to support local businesses within your community, and Oakcurrency is taking this a step further by allowing vendors and customers to use Cryptocurrency alternatives such as USDC, Rainbow Wallet, and Coinbase to complete transactions.
Cryptocurrency’s popularity is at an all-time high, and it gives customers the ability to pay using their Crypto wallet. According to BusinessNewsDaily.com, it’s a great way to increase sales and revenue for a small business because they face smaller fees and make transactions more convenient for customers who prefer this form of paying.
Oakcurrency is attempting to build a community currency for residents of Oakland. Its company motto, “Money for the people by the people ” shows how it puts an emphasis on investing the money spent by the community back into the community for the betterment of its residents instead of large corporations and tourists. By utilizing this currency, residents help increase accessible direct community funding and build a stronger local economy.
Oakcurrency’s website also lists its mission is to “create new pathways for community self-sufficiency.” Oakcurrency hoping to educate the community on the benefits of Crypto as well. The company holds workshops hosted by Oakland community leaders in order to make education easily accessible.
According to Conyers Publication, learning about Crypto is important for your personal financial future because, “(cryptocurrency) is not going away, or be limited to 100 years as others may speculate: transactions are fast, digital, secure and worldwide, which in essence allow the maintenance of records without risk of data being pirated. Fraud is, actually, minimized.”
Oakcurrency is currently partnered with over half of the vendors at the West Oakland Farmers Market, so If you are in the Bay Area and find yourself in need of groceries head to 1809 Peralta St, Oakland, CA every Sunday from 10 a.m. to 2 p.m. You can find more information on community events, workshops, and how to get involved with Oakcurrency on their website at https://www.oak.community/.