What is a local currency without the possibility to spend it on desired goods and services? How can you find businesses that accept the local Encointer currency? Encointer features a builtin classifieds system for advertizing businesses and offerings we call bazaar.
Anyone can register businesses and offerings to be advertized within their local community. All metadata and images for classifieds are stored on ipfs. The ownership of classifieds is registered on the Encointer blockchain.
Every business may issue their own transferrable vouchers and can therefore issue their own loyalty money or acquire loans from the community. As businesses are owned by real people whose digital personhood has been attested at Encointer ceremonies, these vouchers come with a sybil-defense and the credit rating of businesses is immutably recorded.