Is time credits the next step for timebanks?

The idea of timebanking has been around for a while, facilitating people exchanging services with each other, based on reciprocating hours ‘worked’, rather than monetary payments. NCVO’s volunteering supremo takes a look at a twist on this, the Spice Time Credit, allowing time credits to be exchanged for services from organisations and businesses.

He concludes: “Anyway I’m converted. It is clearly not for everyone but as a way of stimulating new social action and rewarding volunteers it gets my vote.” Read more at http://blogs.ncvo.org.uk/2015/02/17/the-spice-of-life/.