The People Turning Time Into a Currency Published on May 01, 2023 at 10:29AM The BBC looks at free websites like TimeRepublik, "which describes itself as 'a timebank for the internet era'." Time banking is in essence a more sophisticated form of bartering. You don't pay someone in money for a job that they do for you. Instead you give that person time credits that they can then use to get a service without financial payment from someone else... A "TimeCoin" credit... accounts to 15 minutes no matter what job you provide, be it cutting the lawn of a neighbour, or maths tuition via a video call. You simply advertise what you are offering and how long it would take in TimeCoins. "We wanted to distance ourselves from financial transactions and find something that could create relationships between people," says co-founder Gabriele Donati. "Because we truly believe that only through our relationships, you can gain the trust of another person.
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