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A hill of BeanCoins gives New Orleans bars new hope Not another cryptocurrency but a crowdfunded collective helping the city’s watering holes stay afloat during the lean times of the pandemic 14 February 2021 - 07:53 Shannon Sims Devin De Wulf, leader of the Krewe of Red Beans, with BeanCoin posters in New Orleans, Louisiana, US, on February 11 2021. Picture: BLOOMBERG/BRYAN TARNOWSKI Houston New Orleans drinking holes are facing financial disaster as city leaders shut them down for Mardi Gras their busiest time of the year but a home-grown currency is offering a lifeline. A local group called the Krewe of Red Beans launched a crowdfunded “currency” programme this week that’ll funnel cash to bars so they can stay afloat amid the city-wide shutdown. The cash-fronting mechanism is cheekily named BeanCoin but it’s not a cryptocurrency, since it’s not a digital currency and its value doesn’t fluctuate. ....