LETS (Local Exchange Trading Systems)

Local Exchange Trading Systems (LETS) are community-based networks that allow members to trade goods and services without using traditional money. Instead, participants earn credits by offering their skills or products to others in the system, which can then be exchanged for services from other members. This system promotes local economies, strengthens community ties, and provides an alternative means for people to obtain what they need. LETS are often organized informally and rely on a shared trust among participants, making it easier for everyone to access resources without financial barriers.