CoFi
= "Collaborative Finance, a concept that focuses on building payment infrastructures with positive externalities for communities, aiming to improve sustainability and reduce systemic risks in economies". [1]
Description
Joshua Davila:
"Then there is CoFi, collaborative finance, which is taking a very different approach as far as thinking about credit. It is a very interesting development of taking the ability for credit clearing – which banks do amongst each other all the time – and trying to bring that into small businesses or even at the individual level. Credit clearing allows you to do more with less capital. If we’re looking at this from the perspective of a post-capitalist or a socialist, in order to enact our politics, we need to find ways to coordinate and allocate resources that don’t require capital. Being able to do credit clearing amongst ourselves allows us to not have to rely on needing injections of liquidity and large amounts of capital to be present for us to do the work that we want to do."
(https://networkcultures.org/moneylab/2024/04/10/you-shall-speculate-we-shall-coordinate/)
More information
See also: