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Belfast coin app
JUST REWARDS: Belfast Coin rewards and payments platform aims to encourage good citizenship

Belfast City Council[1] has partnered with Israel-based Colu for the launch of Belfast Coin[2], a city-wide rewards and payment platform that enables participants to earn rewards for taking part in ‘good citizen’ activities such as shopping at local businesses, volunteering and recycling.

Colu’s mobile payment app already operates in East London[3] and in Liverpool[4] in the UK and in Haifa[5] and Tel Aviv[6] in Israel. Belfast, however, will be the first city to include the ability for users to receive a reward for positive actions, such as spending locally and boosting the environment, Colu told NFC World.

Once the digital currency goes live later this year, residents in Belfast will be able to download the Colu app, which is powered by blockchain technology, and register their details to start earning Belfast Coins.

Each ‘coin’ will be worth £1 and can be used to buy items in participating shops, restaurants or businesses, according to Belfast City Council. Users can also connect a payment card to the app, Colu says[7].

A video shows how the service will benefit Northern Ireland’s capital city and the ways in which residents are expected to be able to earn rewards:

Belfast is one of six cities working to establish a city-wide currency as part of work with 100 Resilient Cities[8], a global network funded by the Rockefeller Foundation[9].

“Belfast Coin will be introduced later this year and it’s our hope that it will initially give an economic boost to local businesses, as well as helping the Council achieve other long-term goals, including environmental,” said Belfast Lord

Read more from our friends at NFC World:

The Logo Story

currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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