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The Wonderful, Wacko WOCU
October 22, 2009 11:36 AM
In this segment we ask the question: Could it be possible to create a privately issued currency that could help insulate workplaces from the risks associated with swings in exchange rates? According to one British company, the answer is yes.
We speak with Ian Hillier-Brook, Director of WDX, a London-based company that stands behind the WOCU (World Currency Unit). The WOCU is a priavtely issued currency meant to allow all parties – corporations, financial institutions, governments and even individuals – to trade across national boundaries and hold foreign assets with minimal risk of losses caused by exchange rate fluctuations or political decisions.
Ian explains WDX business model and talks about how the WOCU relates to other initiatives to create a standard, supranational currency.
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