Alternative money or currency is any money or currency used as an alternative to the dominant national or multinational monetary system. They are created by an individual, corporation, or organization, they can be created by national, state, or local governments, or they can arise naturally as people begin to use a certain commodity as a currency or money.
 
We generally think of currency or money as created and guaranteed by national governments. In fact most currency is created by private banks, through the process of offering loans. Historically, currency has been created in a range of ways and forms, including credit notes issued by companies and individuals, or as issued by local banks.  Currencies that circulate mostly locally within a community have been created many times in the past, especially at times of economic hardship, when official currencies are in short supply.
 
There is now a strong ‘complementary currency’ movement that enables communities to create their own. These are complementary in the sense that they are not legal tender, so no-one has to accept it in exchange for goods or services.
 
Because MySPURT is, next to its unique characteristics, also Complementary Money, it is possible to buy and sell products and services with MySPURT or in combination with a different currency. The unique characteristics are that they are backed by Assets. MySPURT is listed as Commodity.