I don't know what it is in other countries but in France there are local currencies, about 80.
Although it is difficult to determine an exact number, it is estimated that there are about 80 on French territory. Through a social, environmental, local or even regional objective, their interest is to convey the values that conventional currencies no longer embody today, and this movement is arousing growing enthusiasm if we are to believe a report by the Sol Movement , which oversees local currencies at the national level, published in early 2021. ID offers you a non-exhaustive list of local currencies in circulation by region, as well as an evolving map.
A friend was bragging to me about the merits of her local currency, but I wonder what's the point since we have bitcoin? Bitcoin which obviously includes the world population. I did not really understand the objectives of these local currencies, I was wondering if local currencies existed in other countries and if people understood the interest of these local currencies which seem to undergo inflation like the fiats.
So I assume you mean fiat then local currencies is more useful since they are well accepted in anywhere you go on your locality compare with bitcoins. I get your point about bitcoin but reality bitcoin is not well oiled up so we cannot use it anywhere for now and most of the time we can only transact this via online transaction and to person who use it. Not everyone use bitcoin so there's limited usage of it that's why many choose to use their local currency since this is more convenient to them.
Each person is free to select the "economy" in which they want to live. In my opinion, most people prefer local currencies because they are more mainstream and common. The "security" they provide is, in my opinion, the main reason for this, among other things. Because they are backed by institutions in a particular nation or region, these currencies provide a certain level of stability compared to volatile cryptocurrencies like Bitcoin, making them a good choice for people looking to avoid volatility and maintain your money safe.
Bitcoin may not be a good fit for everyone... But for those investors and people who are looking for better financial opportunities, Bitcoin is, in my opinion, more suitable. Due to the fact that it is a decentralized cryptocurrency, it is not governed by any central authority, which may be attractive to those seeking greater financial independence. Even so, some people are attracted to this cryptoactive due to its high volatility, allowing them to invest and with knowledge on the subject, analysis and a lot of patience, generate significant income.