Ithacash, new local currency, set to launch in May

"Ithacash" or "Ithaca Dollars" will go into use in May.

“Ithacash” or “Ithaca Dollars” will go into use in May.

An Ithacan reaches into his or her pocket. They are about to buy a movie ticket at Cinemapolis, but instead of grabbing a United States issued $10 bill, they reach for their phone. They pull up a new text message, which is linked to their online Ithacash account, type “Pay Cinemapolis 9.50” accompanied by their individual pin number and press send.

Ithacash or “Ithaca Dollars”, a new regional currency, will debut this May. Founder Scott Morris originally came to Ithaca in hopes of exploring what was happening with Ithaca Hours, a similar system that revolutionized local currencies when it launched in 1991.

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