Financial Services (105)
Somewhere in the German winegrowing region Rheingau, deep down under the Ress’s vineyard estate, there is a bank - the wineBANK. It offers a perfectly well-tempered and secure wine storage space for rent to keep the value of your beloved red and white wines growing. A special degustation room complements the service.
Why it matters
As a reaction to the implosion of the art-market bubble and the ongoing gold-rush, smart investment alternatives like vintage wines are gaining popularity. Will we see ‘high-street banks’ hopping on the train and cooperating with specialists in these alternative areas such as winemakers to expand their offer?
A southern Spanish village has started using a new currency, complementary to euros, called “Pitas”. Pitas can be changed to euros or labour time, where one Pita is valued at one euro or six minutes of labour. So users of the currency can buy whatever they need and pay with 24 minutes of ironing or washing dishes if that is the value of the product or service.
To avoid seeing a devaluation of the currency, it must be used within the first 3 months or it loses 10% of its value. It also has an expiration date and its total value will be lost if it’s not used within a year.
The village celebrated its 1st Pitas fair, a marketplace where people used euros or labour to obtain pitas or buy products they needed with the currency.
“Mutuo Risparmio” is a flexible rate home loan which allows you to decrease your rate if you save money into your bank account: the more you save, the more it decreases.