Mutual credit is a system of accounting and exchange of goods and services based upon the issuing of a mutually agreed form of debt-free currency. It operates outside of the traditional banking system and provides individuals and businesses with the opportunity to provide each other with credit in an efficient and secure fashion, while allowing them to maintain financial autonomy. Mutual credit systems often operate at a community scale and are known for their ability to promote cooperative and sustainable economic practices. Ultimately, mutual credit offers a viable and equitable alternative to traditional economic models.

See also: collective intelligence, monetary system, game theory, collective action