WeXmesh is a local business-to-business and community trading network that allows members to buy and sell using mutual credit rather than relying solely on euros.
Members earn WeX credits when they provide goods or services and spend those credits with other members in the network.
Think of it as a local trading ecosystem where value circulates within the community.
No.
WeXmesh is not a cryptocurrency, blockchain token, or speculative asset.
WeX credits are simply a record of exchanges between members of the network.
Their purpose is to facilitate trade, not investment or speculation.
No.
WeXmesh does not take deposits, pay interest, or lend money in the conventional sense.
Members create purchasing power collectively through mutual exchange.
For simplicity, WeX credits are generally valued on a one-to-one basis with the euro.
A service normally sold for €100 would typically be offered for 100 WeX.
This makes pricing simple and transparent.
No
You can part pay for a good or service in credit and the remainder in Euro.
No.
WeX credits are designed for trading within the network.
They are not intended to be bought, sold, or exchanged for cash.
The value comes from what members are willing to provide in exchange.
Businesses join WeXmesh to:
Generate additional sales.
Use spare capacity productively.
Access new customers.
Preserve cash flow.
Build stronger local business relationships.
Keep value circulating within the local economy.
Anything offered by members of the network.
Examples may include:
Printing
Marketing
Trades and maintenance
Professional services
Food and hospitality
Event services
Training
Local products
The range grows as membership grows.
You can save your credits and spend them later with other members.
The wider and more active the network becomes, the more opportunities there are to use your credits.
Negative balances are a normal part of a mutual credit system.
A negative balance simply means you have received value from the network and are expected to contribute value back in the future.
Limits apply to ensure balances remain manageable and fair.
Yes.
Members are assigned trading limits based on factors such as participation, trading history, and network rules.
This helps protect the stability of the network.
The members themselves.
Credits are created when members trade with each other.
There is no central authority issuing credits into circulation.
Members are expected to settle their obligations according to the network's rules before leaving.
Specific procedures are set out in the membership agreement.
After the free pilot, you will be asked to pay a membership fee of 100 euro every 6 months.
As a WeXmesh member, you receive:
Trade Brokerage Support
Assistance in finding customers, suppliers, and trading opportunities within the network.
Access to the WeXmesh Marketplace
A regularly updated directory of members offering goods and services, along with businesses actively seeking products, skills, and partnerships.
Easy-to-Use Trading Platform
Access to the WeXmesh software platform, allowing you to send, receive, and track mutual credit transactions securely and efficiently.
Monthly Newsletter
Updates on new members, trading opportunities, success stories, upcoming events, and developments within the network.
Networking Events and Meet-ups
Opportunities to meet other members, build relationships, showcase your business, and develop new trading connections.
Increased Local Visibility
Your business profile is promoted within the network, helping other members discover and trade with you.
Access to Additional Customers
Gain exposure to a community of businesses and individuals committed to supporting local trade and keeping value circulating within the local economy.
Help Keeping Money Local
By participating in WeXmesh, you help strengthen local businesses, reduce economic leakage, and build a more resilient Wexford economy., which may help insulate you from future external shocks.