The V21 Umbrella Org is a decentralized coordination structure for ethically aligned marketplaces and local payment systems (LETS). It provides a shared accounting and transaction framework aimed at supporting a cooperative, transparent, and interest-free economic network.
Core Principles:
- “Do no harm” – to humans, animals, or the environment.
- Strict ban on interest and loans – permanently binding and non-negotiable.
- Standardized account addressing through the V21 prefix system.
- Open and sustainable payment methods – with clear exclusion criteria.
means of exchange list - Binding internal arbitration through the umbrella organization. Link:
- Maximum operational freedom for members with minimal bureaucracy.
- Only organizations can become members (not individuals).
The full agreement is available to members and aspiring members upon request. Link to the full Umbrella Agreement here.
FAQ – V21 Umbrella Org
1. Who can join the V21 Umbrella Org?
Only organizations operating a local marketplace or a LETS (Local Exchange Trading System) are eligible. Individuals cannot become members.
2. What is the main purpose of the organization?
To offer a unified and ethical infrastructure for cooperation, payment processing, and accounting among value-driven entities—while respecting each member’s independence.
3. Is V21 a regulatory authority?
No. The V21 Umbrella Org is neutral and non-commercial. It does not interfere with members’ internal operations unless clearly defined by the agreement.
4. What payment methods are allowed?
Members are free to use any transparent and stable payment method not listed as excluded. Preferred options include asset-backed currencies (e.g., gold-based) or widely accepted fiat currencies during a transition phase.
5. Why are interest and loans banned?
To promote economic fairness and prevent exploitative practices. This ban is permanent and cannot be changed by future votes.
6. How are disputes resolved?
Disputes between members are handled by an internal arbitration body designated by the umbrella organization. Its decisions are final and binding.
7. What happens if a member breaks the rules?
Depending on the severity, consequences range from warnings to exclusion. Rejoining after exclusion requires approval from 85% of members.
8. Can members leave the organization?
Yes. Members can resign with three months’ notice. Certain obligations may extend beyond resignation if specified in the agreement.