Private currency

Private currencies are currencies which are drawn from private and circulated or have been. They are therefore in contrast to the prevailing central bank money, which is usually by public authorities, central banks, scooped. Conceptually, they are often taken as complementary (supplement) or alternative currencies (replacement). The expression can in principle be both Fiat money as commodity money. Well-known examples are the private crypto- currencies such as the Bitcoin or private historical currencies, such as edited by the company Bayer Leverkusen money. The opportunities to start their own private currency are through websites like coingen.io now very large. See proponents of competing private currencies, the possibility of a stabilizing influence on central bank currencies.