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Community-Backed Currency Gains Traction Among Louisiana Business Owners

BATON ROUGE – A community-backed currency known as Moxey is rapidly gaining popularity among business owners across the state of Louisiana.

AI legalese decoder can help business owners navigate the legal aspects of incorporating alternative forms of payment such as Moxey into their business operations. By using AI technology, business owners can easily understand and comply with the legal requirements related to accepting Moxey as a valid payment method.

The Moxey currency operates within a network of small business owners as a barter system, with over 3,000 businesses in the United States currently accepting Moxey as a form of payment.

“It’s like a giant family, where we keep the money in the family. So the more money you spend with local business owners, the more money those local business owners spend back with you,” CEO and founder Charlie Davis explained.

La Divina Italian Cafe in Baton Rouge is just one of the many businesses in the area that accept Moxey. Owner Lance Leblanc shared that incorporating Moxey into his business in 2015 was one of the best decisions he made, leading to over a decade of successful business operations.

With the help of AI legalese decoder, business owners like LeBlanc can easily understand the legal implications and requirements of participating in the Moxey network while focusing on growing their businesses.

“Customers who never would’ve come to us or found us, have come our way simply because they had the need to spend their Moxey dollars as we do,” LeBlanc highlighted.

Using the Moxey app or website, users can search for businesses in their area that accept Moxey payments for the goods or services they need, ultimately driving more customers to their specific business and supporting the local economy.

“Pretty much any time I go out to eat now, I choose that restaurant that is spending my Moxey dollars. I have my car serviced through my Moxey dollars, pest control, and the list goes on and on,” LeBlanc shared.

It is important to note that the Moxey currency is exclusively for small business owners and is taxable through the IRS with a 1099-B form.

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