Private currency

Private currency is money that is issued and controlled by a private company or organization instead of a government. It is different from the money we use everyday because it is not backed by a government. Instead, it is backed by the company or organization that created it. Private currency may be used in different ways depending on the company or organization. For example, a company might use it to pay its employees, or a organization might use it to run a loyalty program for its members. Private currency is not as widely accepted as government-issued currency, but it can still be used to purchase products and services from companies that accept it.