Business Opportunities from a Local Currency

Lots of potential discussion points in this video which is excellent for illustrating the disruptive potential of apps.

Would using a local currency help protect local businesses from national or multinational chains? There have been several attempts to set up local currencies, though with limited success. Is a digital app the solution? 

This BBC video examines whether a digital local currency in Liverpool is going to work. Could the Liverpool Pound be the solution? Do your students think it could work in your area?