04 Oct '12, 12am

Naples to launch new 'Napo' notes in bid to boost city via @FRANCE24 #bitcoin #napo #naples

Naples to launch new 'Napo' notes in bid to boost city via @FRANCE24 #bitcoin #napo #naples

AFP - Naples on Thursday announced it was setting up a 70-million-euro ($91-million) gift card system -- the "Napo" -- which will function as a local currency aimed at boosting small businesses. "Napos" will be given to shopkeepers, tourists and residents who pay their taxes, entitling bearers to a 10-percent discount for every 10 euros spent. "The Napo is a gesture of love for our city," Marco Esposito, a local official in charge of economic issues, told AFP in a phone interview. He said he hoped the system would "shake up an otherwise feeble economy." Prototypes for the new 1, 2, 5 and 10 "Napo" banknotes have been printed with images of the most picturesque sights of the southern Italian city. Esposito said the new notes are not a real "currency" since they cannot be used on their own but only as a discount when real euros are spent. The first "Napo" will be used at a c...

Full article: http://www.france24.com/en/20120920-naples-launch-new-nap...

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