OK, let's unpack this. Welcome back.
We are diving today into well what a lot of people might see
as a total economic anomaly. I mean, you have to imagine a
really sophisticated thriving multi million unit currency and
it's operating successfully day in and day out right in the
heart of the eurozone, yes. Smack in the middle of it.
And we're not talking about Bitcoin here or some other
crypto. We are talking about local
money, you know, deeply rooted in culture and community.
We are taking a deep dive into the USKO.
And it's so much more than just a successful local currency.
I mean, when you look at the sources we've aggregated, it's
really a master class in targeted financial engineering.
It's a blueprint A. Blueprint.
I like that. So what's our mission today?
I think our mission is to really dissect the Usco's structure,
look at the the intentionality behind its creation, the why
exactly, and then the detailed mechanics of it.
You know, the physical notes, the digital presence, and maybe
most importantly, how on earth did it scale so effectively to
become, and this is a fact, the largest local currency in all of
Europe? The moment you hear that
statistic, the largest local currency in Europe, it just it
forces you to stop thinking of this as some quaint feel good
project. It's not a farmers market token.
No, not all this is serious. It's like a parallel monetary
policy in action. I mean, the USKO really
challenges that core assumption that only central banks can
manage money at this kind of scale.
Absolutely. And I think big picture concept
we have to establish right a day is this idea of physical
localism. Physical localism, OK.
That's what they use. Go embodies, really.
It's the idea that your financial tools, your money,
should be designed, architected not for some abstract global
growth, but explicitly to achieve geographically specific
goals. Social goals.
Social. Goals.
Cultural goals. Environmental goals.
The Usco's success? Really, it hinges on whether it
can maintain its financial stability while at the same time
prioritizing all these non monetary metrics.
And I think the most intriguing part of that architecture, and
we'll definitely come back to this, is how they designed these
specific constraints. The friction.
Yeah, the financial friction. Yeah, It's designed to ensure
that the money stays in motion, but only locally.
It's a beautifully engineered system of capital retention.
And that right there, that's the engine of its success.
So let's start with the hard facts and the basics.
Where does the USCO actually operate, and who's behind it
all? OK.
So the USCO is, as we said, a dedicated local currency, and it
is governed by a nonprofit organization called USCO Moneta
Erikunda. A nonprofit?
That's key. It is absolutely fundamental
because that nonprofit legal framework, it defines the
currency's mission from the get go.
It signals that the driving force here isn't shareholder
dividends or profit. It's the collective economic and
and cultural health of the community it serves.
So the currency is just the tool.
You know the community is the beneficiary.
And geographically, where are we talking about?
We are focused mainly on the Northern Basque Country, which,
for anyone unfamiliar, is the region of the Basque cultural
nation that falls within French administrative borders.
OK, so in. France in France, and that
distinct cultural and linguistic identity that provides the, I
guess, the social cohesion you need for a project like this to
actually work. It's the glue.
But, and this is really
interesting, that cultural scope is expanding the ambition of the
YUSKO. It goes beyond those French
administrative lines. Oh, really?
Yeah. Our sources confirm there are
explicit plans to extend its reach into the southern Basque
Country. So into Spain.
Into Spain, exactly, specifically targeting certain
areas of Upper Navarre and Kapiskoa and this cross-border
aim, it's incredibly. Why is that so significant?
Well, it means the currency is fundamentally tied to the Basque
cultural identity. Use Colharia rather than just
being, you know, a local city initiative.
So it's not the beyond franc or something?
Precisely, it is striving to be the economic language of the
Basque people, regardless of which side of that eurozone
border they happen to live on. Wow.
OK. So that brings us to the core
metric, the thing that really elevates the use go from just a
fascinating concept to I think an essential case study in
alternative economics. We have to talk about the scale.
This is the moment where you
know, if you're a learner listening to this, you need to
sit up and take a note. As of 2025 S very recent
snapshot, the USCO has 4.5 million Usco's in circulation.
Four and a half million. Four and a half million.
This isn't just large, it's immense.
It confirms the USCO as officially the biggest local
currency in all of Europe. It's just that volume four and a
half million units of currency that just screams operational
maturity, doesn't. It it does.
It's no longer a novelty. It's infrastructure at that
point. I mean, what does achieving that
kind of scale imply? What does that tell us about the
organization and the community's commitment?
It implies several things that frankly defy the typical
struggles of these parallel currencies.
Like what? Well, first, it requires
absolute dedication from the business community.
You can't do this without them. You need hundreds, if not
thousands of businesses willing to accept Useco and then
critically commit to spending a large portion of it themselves.
OK, that makes sense. What's the second thing?
Second, it requires deep, unwavering Community Trust,
because every single time a user converts a euro into an USCO,
they are taking a minor implicit risk.
You're betting on the system. You're betting on the system,
you're betting on the stability and the continued acceptance of
that local network. And there must be a third thing
I'm thinking technically, how do they keep that much in
circulation? That's it.
And critically, reaching that volume requires A mechanism to
prevent leakage. Yeah, leakage.
Most local currencies die when people or businesses just
immediately convert the local money back into the national
currency. To pay taxes or.
To pay taxes, wages, distant suppliers, exactly.
So having four and a half million in circulation suggests
the YUSCO system has found a way to maintain capital velocity
within the ecosystem. And how do they do that?
Well that leads us directly to the core economic link euro
parity. OK, the USCO maintains a simple
non speculative value 1 USCO equals one EUR 1 to one, one to
one. This parity is essential.
It completely eliminates any conversion complexity, making it
immediately trustworthy and really easy to integrate into
existing retail systems. Businesses don't need new
software or, you know, constant exchange rate updates, but.
Wait, if they maintain 1 to 1 parity, how do they force people
to keep spending it locally? I mean why wouldn't I just
exchange? All my use goes back into Euros
at a first chance I get. Now that that is where the
ingenious design of the transaction rules comes in,
especially when it comes to fractional payments.
OK, this sounds like the secret sauce.
This is where the fiscal engineering becomes really
explicit. Let's look at the transaction
rule for say, non round numbers. If you buy an item priced at
let's say €7.85, you can't just pay for the entire purchase
using USCO notes and expect to get USCO cents back and change.
That's not how it works. So walk us through the exact
rule, because this sounds like that leakage prevention
mechanism you mentioned, just in disguise.
It is so the item is 7.85 euros. You pay the nearest whole USCO
notes. So 7 Uscos. 7 Uscos.
The remaining difference? The $0.85 that must be paid
using official euro. Cents with regular coins.
With regular coins and the reverse is also true.
If a business needs to give you change for a purchase, any
change that's below 1 USCO has to be given in Euro cents.
So the USCO is deliberately designed to be what?
Indivisible at the point of sale.
That's a great way to put. It I can't break A1 USCO note
down to buy something that cost $0.50.
Precisely. The subunit is theoretically,
you know, one 100th of a euro cent.
But the functional operating rule is that the smallest USCO
format value is 1 USCO. It cannot be separated into
smaller transactional amounts. Why is that constraint so
powerful though? Because if the currency can only
be used in whole number increments, it ensures that when
you use it, you are covering the majority of the purchase value
in Usco AH. I see it stops the local
currency from just being, you know, the coins you throw in a
jar at the end of the day. It's not just for small ticket
items. Exactly.
It prevents it from being reduced to a marginal Piggy Bank
tool. It's a it's a high friction
mechanism that actually works in their favor.
It channels the majority of capital flow through the local
system in substantial whole units.
Yeah, if I have 10 use goes, I'm incentivized to find a
substantial purchase within the network, a loaf of bread, a full
meal, a ticket, not to use it for petty change.
And the euro just handles the change function.
The euro handles the change, which maintains efficiency,
while the USCO maintains its integrity and, crucially, its
local capital velocity. It's it's really elegant
financial architecture. So it effectively acts as a
premium currency. It's reserved for meaningful
local economic exchange. It elevates the USCO from a mere
substitute to a statement of economic intent.
OK. So when you have 4.5 million of
anything in circulation, we really need to know what it
looks like and you know how it works day-to-day.
You said the USKO is a physical note based currency.
It is, and the design is just as intentional as the economic
rules. That's absolutely right.
The notes themselves are, I mean, they're powerful
statements of cultural allegiance.
They run from one Usko up to 20 Usko and.
They're not like the euro. No, unlike the euro which
strives for this sort of pan European anonymity with its
bridges and windows. Generic architecture.
The Usko deliberately,
explicitly showcases specific elements of Basque culture and
society. So let's that cultural
embedding. I think this is where the USCO
really sells its mission to the user.
Let's start with the lowest denomination.
Okay, the. One USCO note is blue and it
features the image of Atala Parta Atala.
Parta, it's a. Traditional large wooden
percussion instrument. You often have two people
playing it, striking these wooden planks with thick sticks.
So it's a cooperative instrument, it's.
Inherently a symbol of cooperation and, you know,
rhythmic shared endeavor. By putting that on the smallest
note, they're signaling that cooperation and tradition are
the, well, the base notes of this economy.
I like that. What about the two Yusko?
Note the 2. Yusko note is red.
It features a scene of a Basque folk dance.
So again, we're still in that realm of shared Community
Action, right? Social life, correct?
The dance symbolizes the vitality of shared social life,
collective identity. Then we have the five Usco note,
which is Gray and it depicts a countryside scene.
OK, so a. Landscape.
Yes, and. This is the explicit visual link
to one of the currency score objectives, the ecological and
local food economy. So every.
Time you use that note every. Time you transact with this
note, you're getting a subtle reminder that you're supporting
the landscape and the agricultural roots of the
region. It's brilliant.
And the 10. USCO note I've heard this is the
one that really gets people's attention.
Oh, it is. It's yellow and it features a
blackboard, and on the blackboard is a specific element
of the Basque language Uscara, the language.
Itself is on the money it is. It shows the verb form nor nori
norc. What is that this?
Detail is just a stroke of genius.
It's a profound political and cultural act.
You see, Uskara is a language isolate.
It's unrelated to any of the Romance or Germanic languages
around it, and its vitality is a primary concern for the Basque
people. Nor Nori.
Norc refers to one of the most complex grammatical structures
in the language. It's how verbs agree with the
subject, the indirect object and the direct object all at once.
So. On a piece of financial paper,
they have embedded a lesson in complex grammar, Yes.
It elevates the act of commerce. Spending 10 Uskos is literally a
quiet affirmation of the Basque language's cultural resilience
and complexity. It's saying this money exists to
ensure this language and everything it represents
survives and thrives. It's an inseparable merger of
commerce and cultural preservation that.
Is amazing. OK, so what's on the biggest
note? The 20 finally.
The largest note, the 20 USKO note, is purple and it shows a
very deliberate counterpoint to the previous rural images.
An industrial port featuring cranes.
Industry. Why is that so important?
This is. Key for legitimacy the usco
isn't just a currency for, you know, farmers or artists or folk
dancers the 20 use square notes signals that this currency
supports the full complex range of the regional economy that
includes heavy industry, ports and the working class sectors
that sustain them it's a tool for the entire community it's a
very. Holistic picture they're
painting now let's talk security the notes are beautiful they're
cultural artifacts but they're also money and trust requires
anti forgery measures how does a nonprofit maintain a security
level that's comparable to say a central bank well.
They. Recognize the challenge?
For sure. Our sources note that the USKO
notes incorporate features that are similar in principle to the
euro. Yes, these include complex
filigree patterns, those intricate lines that are
extremely hard for casual counterfeiters to replicate, and
a heated gold mark, which is a specialized security foil that
changes appearance under specific conditions.
But for a non state actor, even one as large as Usko Monetta
Erikundia, I mean securing these production process and materials
must be incredibly expensive and complex.
How do they really compare to the high security standards of
the euro? Well, they.
Can't of course, match the technological resources of the
European Central Bank. The ECB employs teams of
scientists and high end security printing firms.
The USCO relies on professional grade printers who understand
these security elements. But what's most compelling from
a design standpoint, I think are the offset marks designed for
blind people that. Attention to accessibility.
Exactly. These are raised or tactile
marks that allow people with visual impairments to identify
the note value purely by touch. So.
While the filigree provides physical security against
forgery. The accessibility marks provide
Social Security. It reinforces that aim of
solidarity, the idea that the currency must be usable by
everyone in the community. Physical.
Currency, though, is only half the story, especially when
you're talking about a scale of 4.5 million units.
I mean, modern commerce demands digital speed.
How is the USCO moved beyond paper?
This is. Where their organizational rigor
really shines. They understood early on that to
reach this scale they couldn't just be a cash system, it would
have hit. A ceiling it would have.
The sources confirm a dedicated credit card system, the USCO
Carta, has existed since 2017 and on top of that they launched
a mobile application use to pay a mobile.
App and a card. I mean, that sounds like a
sophisticated financial institution, not a local
nonprofit. What are the the logistical and
technical challenges of operating a dual system like
that The. Challenge is immense running the
USCO card. I means they had to secure
partnerships or build their own infrastructure for card
processing, terminal integration, transaction
settlement, all while maintaining that one to one
parity with the euro in the background.
And they have to. Be compliant with all the data
security standards I imagine. Absolutely.
They're essentially running a parallel regulated mini banking
system and the. Uscaay A, you said that
facilitates transfers between users, so that's peer-to-peer
payments, correct? Two, which has to be
instantaneous for modern retail Uscaay allows for the quick
transfer of Uscos directly between user accounts.
This mimics the functionality of, you know, major digital
wallets or bank transfer apps. So I could pay.
My local Baker, Oregon, my neighbor or a.
Small vendor at a market without needing any physical notes and
this integration of mobile technology, it just
fundamentally accelerates the velocity of the USCO within that
local loop. If the money moves quickly and
digitally, it's much easier to keep those 4.5 million units in
constant circulation. So the.
Genius, then, is that they didn't let their physical
cultural identity hold back their digital infrastructure.
Not at all. They're simultaneously deeply
traditional in design and fully modern in function.
That's the. Perfect way to summarize it so
we've. Established the what and the
how. Now I think we have to dedicate
some serious time to the intentionality, the why that
drives this whole system, because the goals are so much
broader than just enabling commerce.
This is about community engineering.
That's the. Crux of fiscal localism right
there The USCO was conceived as a multipurpose tool.
Its success has to be measured not just in how many euros are
exchanged, but in ecological, social and cultural outcomes.
OK, let's start with the primary stated goal, economic localism,
the objective. Here is is actually pretty
simple. Maximize community capital
retention. Keep the.
Money local. Keep the money local.
By encouraging the community to buy from local traders
businesses that have signed the USKO Charter, they ensure that
the money cycles multiple times within the region before it
inevitably leaks out. And every USKO spent is 1 less
euro spent at say, a big multinational chain.
Precisely. This concentrated local spending
strengthens the internal economy.
It protects small and medium sized local enterprises from
being pushed out and this. Focus on localism.
That feeds directly into the second objective, the ecological
goal, doesn't it the. Connection is completely
intentional. If you strengthen local
economies and supply chains, you inherently reduce the reliance
on long fossil fuel intensive global supply chains.
So the USCO is positioned as a tool to potentially reduce the
ecological damage associated with, you know, transporting
goods across vast distances. OK, but.
Let's put our critical thinking hats on for a second here.
Doesn't requiring adherence to local supply chains, doesn't
that inherently create a less efficient market?
Maybe a more expensive one for the user?
How does the USCO system mitigate the risk of stagnation
or even price gouging because there's less competition from
global sources? That is the essential trade off
and it's one of the core challenges of any alternative
currency that has an environmental mandate.
So what's? The answer The Yusco.
Implicitly asks the user to accept what we could call a
solidarity premium. A solidarity.
Premium, yes. The assumption is that the
community values the long term benefits, so Environmental
Protection, local job stability, cultural vitality more than the
marginal short term price savings they might get at a big
box store. So the.
Community has to consciously buy into the idea that pure price
efficiency is not the ultimate metric of value.
Precisely. If a local Yusco accepting
farmer sells a product that is say 10 percent more expensive
than the equivalent imported product from a supermarket, the
purchase of that local product is viewed as an investment in
the local ecology and in the community's future.
And the fact that we're talking about 4.5 million in
circulation, that's pretty strong evidence that the Basque
population by and large has accepted that trade off.
OK, so. Beyond economy and ecology,
there's a third aim, and this one is entirely focused on the
social contract. It's the.
Bedrock of the whole system, the USCO explicitly aims to promote
solidarity within the community, and that's not.
Just talk, no? The solidarity mandate is
visible in every single design choice, from the inclusive
accessibility features on the notes to the cultural
preservation messages and the nonprofit governance structure
itself. It views money as a social
medium, not just a transactional 1.
This mission of accessibility and community solidarity, it's
perfectly captured in their motto, isn't it?
Yes. Absolutely USKO, which means the
translation is just so resonant, the USKO in the hands of
everyone, it perfectly encapsulates the mission.
It's a belief system, really. It posits that money should be a
decentralized democratic tool wielded by local people to serve
local interests far removed from the dictates of, you know,
distant financial capitals. Now let's.
Pivot to the friction points, the reality of operating a
parallel currency within a massive financial block like the
Eurozone. What challenges does the USECO
face in terms of regulatory compliance and how do businesses
manage the inevitable need to convert some Uscos back into
euros? This is the.
Operational reality that so often sinks these smaller
projects, right, because of the USCO maintains A1 to 1 parity,
it functions legally as a payment voucher or a script, not
as a sovereign currency. OK, that's a.
Key distinction it is it. Means it has to comply with
French and European banking and tax regulations regarding
transparent accounting so businesses.
Can't just operate in some kind of black box USCO economy.
They have to declare USCO income in euros for tax purposes.
Exactly. Every single USCO transaction
has a clear euro equivalent value for regulatory oversight.
The bigger hurdle though, is that conversion mechanism back
to the. Leakage problem back to the.
Leakage problem. So a business, say a local
supplier receives 1000 Uscos, they can only pay their local
employees or their local suppliers who also accept USCO
they can't pay. Their utility bills with it
can't pay. Utility bills, can't pay
national taxes, can't import products using Uscos.
At some point they are going to need EUR, So how?
Does the USCO, Moneta, Ericandia facilitate that conversion back
to Euros and what does that process cost?
This has to be that critical piece of financial friction we
talked about earlier. It is.
The sources indicate that businesses can convert their
surplus use goes back into euros through the nonprofit, but this
conversion process is specifically designed to be less
appealing than continued local spending.
How do they? Make it less appealing.
The cost? Of conversion is the primary
friction, so there's a. Fee involved there.
Is and it acts as an exit toll. When a business converts use go
back to euro, they are typically charged a small percentage fee.
And what's the? Purpose of that fee it's.
Essential for three reasons. First, it covers the operational
costs of the nonprofit. You know, the security,
printing, the digital platform maintenance.
OK. Makes sense Second.
It disincentivizes rapid conversion.
It encourages businesses to instead go out and find local
use, go accepting suppliers to keep the money cycling and the.
Third reason and. 3rd it forms part of the mechanism used to
guarantee the USCO stability. It helps back the currency so.
If I'm a local retailer, I'm looking at my stack of 1000
Uscos and I'm thinking OK, if I convert this to euros I lose say
2% instantly. But if I use this to pay my
local cleaning service or buy ingredients from a local farmer
who accepts USCO, I retain 100% of the capital.
That's the. Systemic brilliance.
The cost of. Conversion is the deliberate
penalty for capital leakage. Exactly.
The friction ensures the USCO velocity is high within the
system. That fee is a crucial non
monetary contribution to the community.
It's a tax on capital leakage that subsidizes the local
ecosystem. This is what ensures that the
4.5 million in circulation is truly working for the Basque
economy without. That built in friction the
currency would just hemorrhage back into the euro immediately.
It would be. Gone in months.
Wow. OK, systems as complex as the
use code don't just spring up overnight.
Let's trace the journey from a concept to Europe's largest
local currency. It all started with an
association named AM BES, right? That's right.
AMB is the association por la creation de Monet, local Basque
ecologic solidaire. It's all right.
There in the name it is. Their name right from the
beginning codified those 3 pillars.
We just analyzed Basque, ecological and solidary.
There was no ambiguity. But they weren't.
Operating in a vacuum were they? The sources suggest they took
inspiration from existing models, which shows a very
pragmatic rather than purely ideological starting .0.
Absolutely, absolutely. This wasn't some academic theory
being tested in the wild, This was a proven business model
being adapted so they saw. Something that was already
working, they did. MBS observed another local
currency already running successfully elsewhere in
France. They analyzed its operational
efficiency, its profitability, or I should say its ability to
sustain itself financially. And they thought we.
Can do that they. Concluded that the model was not
only viable, but highly applicable to the specific
cultural and economic environment of the Basque
Country. So they didn't have to prove the
concept of local money from scratch, they just had to prove
the concept of Basque local money.
And their commitment to solidarity and community
participation, that began right with the naming process itself,
yes. And that community involvement
is so vital for building the necessary trust.
Instead of, you know, dictating the name from the top down, MBS
actively engaged citizens. They asked them to select the
name for their optimal currency and USCO.
Was the winner Usco? Was the result, and that
immediately gave the community a sense of ownership over the
project. They weren't just going to be
users, they were the namers. So let's.
Detail the launch. When did the physical notes
actually hit the streets? The USCO.
Gave its first steps on January 31st, 2013 and it was a launch
that when you look back on it, seems very conservative.
How so? The initial.
Circulation was just 126,500 USCO copies.
Wow. That's a tiny fraction of the
4.5 million we see today. A tiny.
Fraction it was a careful phased rollout.
It was designed to test the waters and build confidence
incrementally, not to, you know, shock this system and what did.
That initial ecosystem look like, I mean you need critical
mass on both the consumer side and the business side for a
local currency to actually work the key.
Was early association. Our sources confirm that from
day one the USCO was accepted in all associated establishments.
And how many? Was that the creator?
Stated that at the very start, 310 businesses and enterprises
had signed on to accept the USCO 3. 10 That's a pretty formidable
network right out of the gate that gives people confidence
that they can actually spend this new money.
It does. And on the user side, how many
people? Jumped in they.
Managed to spread the adoption to more than 1500 users in those
early stages. So just think about that initial
network, 1500 people who consciously chose to swap their
reliable EUR for this new local script because they believed in
the mission. And they were.
Supported by over 300 committed businesses.
Exactly. That strong foundation of
mission driven adoption is what allowed for the subsequent
exponential growth over the next decade.
That growth. Trajectory is also reflected in
the technological milestones and this is a great detail, I think
for the learner about the difference between project
reality and project vision indeed.
It is. While Ambs had a clear vision
for modernization, the implementation took time.
They initially predicted the USCO would have a credit card
system ready by 2015, but it didn't.
Happen then no. As we confirmed earlier, the
USCO Carta didn't actually launch until 2017.
A 2. Year delay in the world of
finance and technology, I mean, that can feel like an eternity,
yeah. What does that delay tell us
about the process of scaling something like this it?
Highlights the significant technical hurdles and frankly,
the cost structure of professional financial
technology. It's not cheap.
Building secure credit card
infrastructure requires significant capital investment,
regulatory checks, integration with payment networks, and for a
nonprofit operating on margins derived primarily from
membership fees and conversion fees.
Funding a complex IT project like that inevitably causes
delays. So it.
Really underscores that the Usco's success isn't just about
organic community adoption. It's a victory of project
persistence. It really.
Is they face. The technical reality, they
adapted and they ultimately delivered the digital
infrastructure that was absolutely essential to handle
the rapid expansion that brought them to that 4.5 million mark a
paper. Only system would have stalled
out long, long ago that delayed to technological breakthrough in
2017, the digital wallet and the card that was likely the key
accelerator. That's what allowed the use Go
to finally outpace its smaller local currency competitors
across Europe and claim that top spot it moved.
Them from a local script to a fully functional parallel
payment ecosystem. It did the.
History just demonstrates this beautiful balance, a strong
cultural vision driving the adoption, coupled with a
pragmatic, phased and eventually digital approach to
infrastructure development. So this deep dive into the USCO
has been, well, it's been a journey through parallel
economics and cultural engineering.
We've seen how an organization, the USCO Moneta Air Condaea,
armed with a very clear philosophy of fiscal localism,
managed to tune a local currency into a continent leading
phenomenon. So what?
Does this all mean? I think at the end of the day,
the USCO thrives because it manages to seemingly
contradictory realities. On the one hand, it uses that
one to one parody to simplify transactions and gain immediate
trucks within the eurozone, right?
It's easy. It's easy.
But at the same time it uses architectural friction,
specifically that non fractional payment rule and the conversion
fee to enforce local spending and maximize capital retention
and its. Success is so deeply rooted in
his identity. The 4.5 million use goes in
circulation. They aren't just currency, are
they? They're cultural statements.
They really. Are they're tools that celebrate
Basque language, industry and landscape?
It makes every transaction A conscious affirmation of the
community's social and ecological goals.
It is money designed to be virtuous 1st and efficient
second. This case study, it just
fundamentally challenges the monolithic view of monetary
power. It does.
It demonstrates that a specific culturally unified population
armed with professional grade technology like the USKA, Carta
and Uskope can create a robust large scale financial system
that's dedicated entirely to internal strengthening and
public good is Blueprint. It is a blueprint for regional
economic sovereignty within a globalized world.
Brings us to our final provocative thought for you to
Mull over. The USCO has thrived because of
the exceptionally strong cultural identity and
geographical distinctiveness of the Basque Country.
So given that success, where a currency is so closely tethered
to a culture, what other global regions defined by a distinct
cultural identity or a shared language or strong geographical
boundaries like indigenous? Territories, maybe indigenous.
Territories, specific linguistic corridors or major islands cut
off from continental supply lines.
What other regions might benefit most from adopting their own
large scale, digitally enabled, mission driven local currency if
the. Usedo model of physical localism
can succeed at this scale in the French vast country.
Where does this economic engineering apply next?
Something to think about long after this deep dive ends.
We'll see you next time.