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| polemos:8th_age:technologies:credit [2014/10/09 22:46] – created Blake Anderton | polemos:8th_age:technologies:credit [2020/08/15 16:04] (current) – external edit 127.0.0.1 |
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| ====== Coordinated Trade Credit (CTC, "Credits") ====== | ====== Coordinated Trade Credit (CTC, "Credits") ====== |
| The Coordinated Trade Credit (usually represented by the credit sign: "c") was introduced in AE212 with the formation of the [[..:factions:ua|United Alliance]]. Starting as a currency to be used for tariff-free trading between [[..:factions:Umere]] and the [[..:factions:Republic of Agathos]], it quickly gained popularity as a neutral currency for international transactions. Today over 70% of traceable worldwide transactions, both public and private, use the CTC at least on the surface. Due to the inner workings of the [[.:credit#Coordinated Trade Committee]] the actual currency used may be different. | The Coordinated Trade Credit (usually represented by the credit sign: "c") was introduced in AE212 with the formation of the [[polemos:8th_age:factions:free_peoples_alliance|Free Peoples Alliance]]. Starting as a currency to be used for tariff-free trading between [[..:factions:Umere]] and the [[..:factions:Republic of Agathos]], it quickly gained popularity as a neutral currency for international transactions. Today over 70% of traceable worldwide transactions, both public and private, use the CTC at least on the surface. Due to the inner workings of the [[.:credit#Coordinated Trade Committee]] the actual currency used may be different. |
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| ===== Timeline ===== | ===== Timeline ===== |
| * AE212: CTC made official currency of the [[..:factions:ua|United Alliance]] | * AE212: CTC made official currency of the [[polemos:8th_age:factions:free_peoples_alliance|Free Peoples Alliance]]. |
| * AE215: All major nations and alliances (besides the [[..factions:USC]]) are either indexed or participating members of the CTC. | * AE215: All major nations and alliances (besides the [[..factions:USC]]) are either indexed or participating members of the CTC. |
| * AE217: First consumer CTC transaction processors hit the market in [[..factions:Republic of Agathos|Agathos]] | * AE217: First consumer CTC transaction processors hit the market in [[..factions:Republic of Agathos|Agathos]] |