The Canadian platform for online trading and barter Bunz Trading Zone has issued its own crypto currency called BTZ. This is reported by Globe and Mail.
BTZ (pronounced "bitz") is, as its creators state, "the first Canadian crypto-currency, emitted in an already formed community - among the platform participants."
The Bunz project was created in 2013 by designer Emily Bitz as a closed group on Facebook in order to exchange things with friends. The number of the group grew rapidly, and she soon went beyond Facebook and Toronto. In 2016, an application and a website were released for Bunz.
The platform grew so quickly due to its simplicity and the absence of cash payments. However, it was the absence of payments that became a serious problem for Bunz, as it deprived the platform of "an obvious source of income".
You can use it in a simple and elegant way. We know the technology works … but we haven’t really seen a viable use case that the mass market can get behind. I think we’re going to be the first example of that.
As stated in the project blog, each Bunz user will receive 1000 BTZ, which can be exchanged for goods and services or receive / send to other users of the platform. Initially, 1000 BTZ will be worth "enough to buy three coffee". BTZ tokens are available to 200,000 platform users since April 9th.