It offers communities everywhere the tools to stabilize and support their local economy without diminishing their participation in the whole. Being a member of a LETsystem is as simple as having another bank account. Member accounts hold green dollars, a quasi-currency, equivalent in value to the federal dollar, but no money is ever deposited or issued.
All accounts start at zero and members can use green dollars only with other members.
The system is thus always exactly balanced with some of the members in credit and the others in debit. A LETsystem can be cheaply initiated anywhere. Setup costs are minimal and the operation can be self-supporting financially at the outset even at a fraction of its full capacity. Basic equipment needs are met with a home computer and telephone. There are several features of the LETsystem that distinguish it from conventional currencies, banks, and credit-card barter systems.