Great way to catalyze buy local
We need easy to use tools to keep money local that can compete with Venmo and credit cards.
Archived App
This is an archived listing of the app previously available on the App Store.Although the app is no longer distributed by Apple, you can still view its description, screenshots, version history, ratings, and metadata for reference.
Details
About
This app allows users to pay locally using a digital currency backed 1:1 by US dollars. It connects to your bank account to facilitate easy payments to participating local businesses, helping them save on credit card fees.
✓Digital currency for local payments
✓Connect to US bank accounts
✓Supports participating local businesses
✓Saves businesses on credit card fees
✓1:1 value with US dollars
✓Free to accept and spend
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What's New in BerkShares
1.1.12
April 23, 2022
Upgrade features.
User reviews
FAQ
How does BerkShares work?
BerkShares functions as a local digital currency. You link your US bank account to load digital BerkShares into your wallet. These can then be used to pay participating local businesses, with each BerkShare valued at 1:1 to US dollars.
Is BerkShares secure?
The app connects to your US bank account for loading funds. BerkShares are backed 1:1 by US dollars held at community banks, providing a stable value. Specific security protocols for the app itself are not detailed in the provided information.
What are the fees for using BerkShares?
It is always free to accept and spend BerkShares. A modest 1.5% fee is incurred only if a merchant chooses to cash out their earned BerkShares.
Which institutions does BerkShares support?
The app allows connection to any US bank account. BerkShares are backed by US dollars held at community banks, but specific partner banks are not listed.
What types of transactions can I make with BerkShares?
You can use digital BerkShares to pay participating local sellers for goods and services. Businesses can also accept BerkShares via a cashier app or a static QR code.
How often is BerkShares updated?
The latest version of BerkShares is 1.1.12, last updated on April 23, 2022. This indicates a relatively recent update, suggesting ongoing development and maintenance.
What devices are compatible with BerkShares?
BerkShares is available on iPhone, iPad, and iPod devices, indicating compatibility with Apple's iOS ecosystem.
What is the age rating for BerkShares?
BerkShares has an age rating of 4+, making it suitable for a wide range of users.
