This is an ONLINE system based in South Africa that other trading groups can join. Unfortunately, you have to limit yourself to LOCAL and you cannot globally unite to provide a viable alternative to the banking system -- you can't compete with the bankers.
There are several AMERICAN exchanges in the system: http://www.ces.org.za/exchanges.asp
While it LOOKS very different, the data seems very "Cyclos", the software we're using. They probably did extensive customizing.
One of the things I noticed is that especially in South Africa and in Europe people are crazy about using their cell phone and I just can't figure out why. Haven't they heard that you'll get brain tumors and reproductive problems?
Another common oddity:
They seem to be CLOSED systems, members only, exclusive ...
The strangest thing:
An obsession with fees. I'll never be able to figure that one out. WHY would you charge any fees when YOU are the BANK?
That's unless you want to operate like a bank instead of a community and make money off the members.