TrustLines

In development

Permissionless Peer-to-Peer payments to anyone with a smartphone. There is no need to have an ID, an initial deposit, or a bank account.

People Powered Money are Complementary Currencies, which are governed and issued between individuals and businesses, instead of banks and governments.

Funding

Non-state

https://trustlines.network/

Blockchain

Ethereum

Social identity

- Trustlines Network mobile app with "users-trusting-users" payments path
- Automatically generated wallet
- Trustline via QR or NFC on the network

Social mining

- Similar to legal tender bank money
- Can be real world currency, commodity, crypto token, or any other agreed unit of account
- Balance increase creates money; reduction destroys

Token economics

There is no coin to be valued, it's just a platform

Key people

Heiko Hees
Gustav Friis
Kristoffer Naerland

Locations

Mainz, Germany

OpenUBI aware

Yes

Notes

- It's not really UBI, rather solution to unbanked people and access to financial services
- A trustline is a bilateral agreement between exactly two users, consisting of two credit lines and their balance