Bartercard in China, Alibaba's home truth, lessons in currency rigging, and more

30 January 2015

BPS Technology, which operates the Bartercard business, has signed a licensing agreement to introduce Bartercard in China. Australian Capital Express, which is owned by a group of Chinese businessmen, will pay A$3.2 million for the right to offer Bartercard in 21 Chinese provinces. Bartercard is a closed proprietary reciprocal trading system, whose member businesses trade goods and services with each other using a digital currency called a Trade Dollar. It has been in business for 23 years. BPS Technology was listed on the Australian Securities Exchange last September.

Media Source: Banking Day

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