The Ratio of the Barter and Money Economy

Visibility of the advantages of barter transactions on the example of the Barter Smartplace platform 🤑

A barter economy is a moneyless economy based on direct exchange of goods. This is one of the oldest ways of economic interaction, and in our time of advanced technology, barter continues to coexist with the monetary system and flourish.

The monetary economy was formed in the process of complication of the existing economic systems, the creation and development of new structures. The main problems of the monetary economy are the instability of the system and the expenditure of money and time, which entails an increase in the unemployment rate, crises in the domestic market, as well as financial instability even on a macroeconomic scale.

The relationship between the barter and money economy.

On the one hand, in the economic economies of countries there is a monetary system, a central bank, a system of commercial banks, official statistics of monetary aggregates and other attributes of a monetary economy. On the other hand, a large part of the volume of industrial production is exchanged through barter.

In recent years, barter in the global economy has clearly demonstrated resilience, resilience and broad scope. Thus, it is quite possible to speak of the transitional economies of countries at the present time of crisis as a barter one.

Barter to the moon 🚀

At the present time, barter is gaining more and more fans. Literally 30–40 years ago, barter carried the problems that it is now eliminating by gaining the upper hand over the centralized monetary economy.

In the twentieth century, the people’s favorite was the monetary economy, which was regarded as something transparent, accessible, clear and visual — this certainly made people happy. Now, however, the times are changing dramatically in the era of the “Great Reset” and people again, like thousands of years ago, are returning to barter.

An example of such barter transactions is the Barter Smartplace platform. The platform provides participants with decentralized trading opportunities for their digital and real assets, which helps prevent and reduce transaction costs using a barter trading protocol powered by smart contracts.

Barter Smartplace will be available for public testing at the end of February. Very soon you will be able to “try” a unique solution for modern barter and the digital economy in general.

Join the fast growing decentralized commerce community @BarterTeam

More details about Barter Smartplace: https://barter.company/

Join the community: http://t.me/barterteam

Telegram wallet: http://t.me/barterwalletbot