Open Money is network money

Open Money systems grow through network effects, becoming more useful as more people use them and build on them. The article argues that, unlike closed payment systems, each additional participant also makes an Open Money network more secure and resilient, because trust and verification are spread across more nodes. It adds that this creates a feedback loop in which greater security attracts new users, and more users bring more utility and adoption. It also cites composability, since anyone can build on the open protocol, which the article says enriches the ecosystem and draws more participants.