Canadian Bartering Hub Bunz Launches Cryptocurrency

Bunz, a Canadian online bartering community, launched its own cryptocurrency on April 9, triggering backlash from critics who say the move goes against the company’s ethos of promoting a cash-free economy.

Bunz announced the roll-out of its BTZ cryptocurrency in a press release, saying it has partnered with more than 100 local food, beverage, and retail stores to accept BTZ in exchange for food, coffee, beer, clothing, beauty services, and other goods.

Bunz’s 200,000 members will each automatically get 1,000 units of BTZ (equal to about $10). “I went into a coffee shop today and bought a cup of coffee for 300 BTZ,” Bunz CEO Sascha Mojtahedi told Vice.

Reference: https://www.ccn.com/canadian-bartering-hub-bunz-launches-cryptocurrency-amid-heavy-backlash/

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