Exchange with CRC
happens upon agreement
between two trusted
parties about the price
and the quantity
provided.
Exchange with CRC happens upon agreement between two trusted parties about the price and the quantity provided.
Circles is a means of payment, a currency to settle debts between people. Exchange with Circles happens upon agreement between two trusted parties about the price and the quantity provided.
Click on the play button above to listen some of the trusted businesses that use Circles for their business operations. Listen to their testimonials!
WHY ACCEPT CIRCLES (CRC) IN YOUR BUSINESS?
Community Basic Income
Business Subsidy Program
Access to Resource Network
#1
#2
#3
Strong Network Benefits
Cooperative Infrastructure
#4
Lower Costs
#5
#6
By accepting CRC you get to access a pool of resources provided by the different partners in the Trust Network. Using CRC, you can fulfill your supply needs by claiming resources from fellow members within the circular economic ring.
Community Basic Income
Business Subsidy Program
Access to Resource Network
#1
#2
#3
Strong Network Benefits
Cooperative Infrastructure
#4
Lower Costs
#5
#6
Community Basic Income
Business Subsidy Program
Access to Resource Network
#1
#2
#3
Strong Network Benefits
Cooperative Infrastructure
#4
Lower Costs
#5
#6
By accepting CRC, you give meaning to a basic income system. By selling and buying in CRC, you create the value which powers communities to claim the resources they need to live.
Community Basic Income
Business Subsidy Program
Access to Resource Network
#1
#2
#3
Strong Network Benefits
Cooperative Infrastructure
#4
Lower Costs
For the Berlin Open Pilot, we offer the possibility of a redemption program in Euro to businesses that accept CRC for their goods and services.This helps to subsidize the development of a new economy. If you are interested, contact us at business@joincircles.net#5
#6
Community Basic Income
Business Subsidy Program
Access to Resource Network
#1
#2
#3
Strong Network Benefits
Cooperative Infrastructure
#4
Lower Costs
#5
#6
In order to grow your share of the market and attract new people to your business, you can spend your Circles in marketing services and local forms of advertisement. Similarly, when you sell in CRC, you are growing a loyal customer base and potentially increasing your revenues, both in CRC and in fiat money. CRC help you create a stronger link to your customers, based on trust and common values.
Community Basic Income
Business Subsidy Program
Access to Resource Network
#1
#2
#3
Strong Network Benefits
Cooperative Infrastructure
#4
Lower Costs
#5
#6
By accepting CRC, you commit to the development of a nascent cooperative infrastructure in your respective industry. Circles strengthen the infrastructure needed to build more resilient localized and complementary supply chains which allow people to access their basic needs at affordable prices, using CRC. Community Basic Income
Business Subsidy Program
Access to Resource Network
#1
#2
#3
Strong Network Benefits
Cooperative Infrastructure
#4
Lower Costs
#5
#6
By accepting CRC, you lower your Euro cost of doing business. You can use CRC to turn any surplus or idle inventory that would otherwise go to waste into additional liquidity. By selling in CRC you can access the things your business needs, thereby lowering your cost of production. For example, you can give CRC to your workers as a payment option, which they can use to access resources within the Trust Network. You can also pay for services that you would otherwise have to pay in national money.
Buying with Circles
You can spend your CRC with the partners that can provide the resources that fulfill your supply needs: distribution/logistics support, marketing, raw materials, food, drinks, etc. selling with Circles
You can provide products and services in the network that fulfill someone else's needs and earn more CRC. You can, for example, increase your sales by offering CRC in low business times. CROWDFUNDING
You can pull people's CRC together as donations or contributions and add them to your shared business wallet.
what can you do with your circles?
SHARED WALLETS:
A TRUST SYSTEM FOR GROUPS AND BUSINESSES
A shared wallet is a wallet that you can open for any group or organization that you're part of. Every person who has a validated trusted account in Circles can create a shared wallet and add people to it. Shared wallets do not issue a basic income.
Make your shared
wallet
Shared wallets can issue payments to others as well as receive payments. When you create a shared wallet, it will automatically trust your individual account.
add members
Everybody inside a Shared Wallet has the same power. This means that once you add somebody to the shared wallet, they have the power to take you out of it. Make sure you only add trusted individuals to your shared wallet.
ONBOARD YOUR
customers
Circles is a money system based on trust. For people to be able to transfer to your shared wallet you have to first trust them.
SELL YOUR PRODUCT
Create your business profile at our Marketplace!
HOW DOES CIRCLES FUNCTION
IN YOUR BUSINESS?
Shared wallets do not issue a basic income. Shared wallets can only give trust. Shared wallets cannot receive trust.
Shared wallets can issue payments to other wallets via the trust network of individual wallets.
If you cannot issue a payment to another person or group using your shared wallet, make sure to trust them as an individual and try again.
Shared wallets can receive CRC from accounts it trusts.
Make sure to trust those partners who you want to receive payment from. If somebody cannot send you money to your shared wallet, it is because there is not a trust path between you and them. Try trusting them and ask them to try again.
WHAT DOES IT MEAN TO YOUR TAXING AND BOOK KEEPING?
We do not offer tax advice, and recommend that you speak with an expert from your area. But we provide you with a sample of tax assessments of concrete economic consumptions of Circles, based on German laws.
If you are a business, or you accept Circles for some kind of goods or services, you should pay taxes in euros just like you would for any other kind of income: bitcoin, euros, dollars, etc. Taxation is relative to your jurisdiction and must be handled accordingly.
THE ROLE OF THE CIRCLES COOPERATIVE
The Circles Coop works in a strong alliance with the Bitspossessed Collective, which constituted itself after the Circles protocol was launched. They build, maintain and take care of the Circles technology.
The Circles Coop e.G. was established in October 2020. The Coop was created by the people who were active both in the programming part of the Circles pluriverse and in the organising of the Berlin basic income open pilot.
Community networking
The coop organizes regular assemblies and encourages committees and workgroups among members.
The goal is to build a living resource of knowledge and strategic approaches towards business transactions and creating local economy patterns.
The community can get in touch via telegram channels, moderated Jitsi calls in English, Mandarin and Spanish…
documentation
We document business transactions with the goal to build concrete showcases that can serve as best practice and learning examples for other groups.
Knowledge sharing
Since Circles Coop is engaging in pioneering work the coop makes sure to document the emerging community knowledge around the creation of a local economy. What is the design and implementation of the different economic circles? For example between farms, deliveryservices, supermarkets, restaurants and cafés, coworking spaces, care work, etc.
Get on boarded!
If you would like to use our materials for your project, feel free to adapt them according to your needs! You can also find info about the Berlin Open Pilot and subsidy programme and download our business onboarding kit and everything related to the subsidy programme.
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