Bunz—a trading platform that gives people the chance to barter for goods with one another—recently launched its own digital currency called Bunz BTZ, which is named after the Bunz Trading Zone and pronounced "bits."
On the platform, Bunz users commonly aim to get the most out of their trades by seeking out or offering subway tokens and gift cards, so Bunz saw a space for its own kind of cryptocurrency to be created.
Those with the latest version of the Bunz app will receive 1,000 BTZ, which can be used at more than 100 brick-and-mortar locations in Toronto, such as the Drake General Store, High 5 Curated Convenience, Reunion Island Coffee, Tiny Record Shop and more. 1,000 BTZ is equivalent to about three coffees, and the cryptocurrency can be used to purchase everything from beauty products to vinyl records.
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