{"id":4376,"date":"2024-04-13T01:10:11","date_gmt":"2024-04-13T01:10:11","guid":{"rendered":"https:\/\/aussieflyers.com\/?p=4376"},"modified":"2024-04-13T01:10:11","modified_gmt":"2024-04-13T01:10:11","slug":"the-bobb-an-alternative-medium-of-exchange-for-communities","status":"publish","type":"post","link":"https:\/\/aussieflyers.com\/the-bobb-an-alternative-medium-of-exchange-for-communities","title":{"rendered":"The BOBB – An Alternative Medium of Exchange for Communities."},"content":{"rendered":"\n
BOBB Is Welcome Here!<\/em><\/strong><\/p>\n\n\n\n The problem the community faces. <\/strong><\/p>\n\n\n\n Why is this a problem?<\/strong><\/p>\n\n\n\n Cards and electronic payments for either shopping online or in person at local businesses to buy essential goods and services require two conditions for transactions to be able to occur. These are:<\/p>\n\n\n\n Without these two critical elements digital payments cannot be made, and essential goods cannot be purchased.<\/em><\/strong><\/p>\n\n\n\n During times of natural disasters, power, internet and phone outages, and banking app disruptions, of which there have been many recently, the government’s response was ineffective. (This is why cash is king – Ed)<\/em><\/p>\n\n\n\n Our communities need a very fast and effective response but they are being hampered by the failures in the systems we increasingly rely on. These vulnerabilities will become even more critical as we move further down the path to being a completely digital society.<\/p>\n\n\n\n How can we avoid this problem?<\/strong><\/p>\n\n\n\n As we are moved closer to complete reliance on digital payments and away from cash, it is clear that we will need an emergency non-digital method of payment to be able make purchases in emergencies. This is critical to avoid the risk of our communities coming to a complete standstill during an interruption to essential services.<\/p>\n\n\n\n To address the financial vulnerability that a digital, cash-free society brings, an initiative has been put in place that is fail-safe and will provide a means to continue transacting in our communities, even during service outages.<\/p>\n\n\n\n The proposal is for people to be able to use approved pure silver coins, that have an intrinsic and published value, when necessary to conduct offline transactions. These coins will be known as the BOBB and will provide an Emergency Means of Exchange (EME) that will allow communities to continue to function in times of distress when the systems are down.<\/p>\n\n\n\n The BOBB is a beautiful and distinctively designed silver coin, produced in Australia by Ainslie Bullion, https:\/\/ainsliebullion.com.au\/<\/strong><\/a> , a highly reputable Brisbane firm specialising in precious metals for over 40 years. The BOBB is available in both One Ounce and Half Ounce sizes, and Ainslie will supply directly, and deliver securely when required.<\/p>\n\n\n\n Having customers use these coins would be equivalent to people presenting a $50 or $20 note to make a purchase. Change would be given either in cash or as a credit (Explained below)<\/em>. Customers could also buy BOBBs back from the business using cash or card.<\/p>\n\n\n\n How to transact using the BOBB.<\/strong><\/p>\n\n\n\n Please see the following link to Ainslie Bullion’s website where you can purchase the BOBB.<\/p>\n\n\n\n 1 OZ BOBB – https:\/\/ainsliebullion.com.au\/Buy\/View\/Product\/Name\/1oz-Ainslie-Minted-Silver-Round\/ID\/540<\/strong><\/a><\/p>\n\n\n\n 1\/2 OZ BOBB – https:\/\/ainsliebullion.com.au\/Buy\/View\/Product\/Name\/1-2oz-Ainslie-Minted-Silver-Round\/ID\/508<\/strong><\/a><\/p>\n\n\n\n Ainslie Bullion contact (07) 3221 0500 or info@ainsliebullion.com.au<\/strong><\/a><\/p>\n\n\n\n\n
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