From the beginning, Bank of the Commons has involved FairCoin, the euro and a few other official fiat based currencies. As Bank of the Commons wants to support solidarity economies both locally and globally, we plan to collaborate with social currency networks around the world in order to progressively implement more alternative currencies in the near future. If you have any proposals of currencies we could be accepting, please, contact us!
This service currently uses Chip-Chap, the same software used for FairPay. But, whereas in FairPay you can only store FairCoin, the multicurrency wallet allows users to exchange to euros, and to keep those euros in their account.
At same time, Bank of the Commons is building on OCP (Open Collaborative Platform) in order to make it into a full open source banking system. The capacity of this software to share accounting and to create networks of value and distribution will be a very useful feature for Bank of the Commons.
Also FreeCoin, as a social multicurrency wallet, will be integrated into OCP in order to provide secure and easily configurable features so that any social currency model can be supported by Bank of the Commons.
Therefore, since its launch, Bank of the Commons has been working with Chip-Chap software and, in the near future, a free software version will be launched.