This October, the REC currency (short for Recurs Econòmic Ciutadà, or Citizen’s Economic Resource) has been launched in 10 different neighbourhoods of the Besòs hub, as part of a pilot project and also a more extensive EU project to promote local, independent and rooted commerce. It is an exchange system for citizens that is complementary and equal to the euro that enables payments to be made between the mobile phones of customers and commercial establishments instantly, easily and at no extra cost.
Eighty-eight shops and market stalls are taking part in this experience, the first that have signed up to accept payment in RECs. Anybody that wishes to can redeem euros for RECs and use them in the…
Original published: 2018-10-04 18:48:10 Read the full Barcelona News here
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