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Fureai kippu (in Japanese ふれあい切符: Caring Relationship Tickets) is a Japanese sectoral currency created in 1995 by the Sawayaka Welfare Foundation so that people could earn credits helping seniors in their community.
The basic unit of account is an hour of service to an elderly person. Sometimes seniors help each other and earn the credits, other times family members in other communities earn credits and transfer them to their parents who live elsewhere. For example, an elderly woman who no longer has a driver’s license; if you shop for her, you get credit for that, based on the kind of service and the number of hours. These credits accumulate- users may keep them for when they become sick or elderly themselves, then use the credits in exchange for services. Alternatively, the users may transfer credits to someone else.
A surprising part of the project has been that the elderly tend to prefer the services provided by people paid in Fureai Kippu over those paid in yen. This may be due to the personal connection. When they surveyed the elderly, it was clear they preferred the people who worked for Fureai kippu over the people who worked for yen because of the nature of the relationship. To convert this community service to yen would seem to dilute the community ethic.
There are two clearinghouses that send the credits from one side of Japan to the other.
These are early examples of a ‘marketplace revolution’ where fiat currency is broadened to Community Capital; economic, social, human, physical and cultural values. Tokenization enables asset valuation, in this case the unit of account for seniors credits in services provided. (Marketplace Revolution - from Concentrated Wealth to Community Capital by David LePage, Buy Social Canada 2020)
- "Community currency guide by Bernard Lietaer and Gwendolyn Hallsmith". publishing.yudu.com. Retrieved 2017-10-06.
- "Japan's Fureai Kippu Time-banking in Elderly Care: Origins, Development, Challenges and Impact". IJCCR. 2012-08-16. Retrieved 2017-10-06.