The rec (Real Economy Currency) is Barcelona’s social currency, a type of social or local currency. It is a citizen exchange system complementary to the euro, allowing transactions in a community between individuals, institutions and businesses that accept it. It provides an alternative to the globally dominant financial and monetary system. Social currencies favour local businesses and the profits revert to the community. The rec (Ɍ) is an exclusively digital currency and can be used with a mobile app, a payment card or via the website.

Main sectors: Social Economy; Local Economy

Main applications: Economic Development; Digital Tokens

Established in: 2017

URL: https://rec.barcelona/en/home/

Organisation: B-mincome

Organisation type: Organizations (not companies) – NGO/Non-profit

Founders: Lluís Torrens, Àlvaro Porro; Martí Olivella, Susana Martín, Dan Duocastella, Santi Martí, Júlia Ponti

Partners: Lemonway; Urban Innovative Actions; NOVACT;
Ajuntament de Barcelona

Country: Spain

City: Barcelona

Stage of project: Pilot

Geographical reach: Local

DLT / Blockchain: Private

Other technologies: N/A

Whitepaper: N/A

Github: N/A

Twitter: https://twitter.com/RecBarcelona/

This project is part of the #DLT4Good Scanning. ‘#DLT4Good: Co-creating a European Ecosystem of Distributed Ledger Technologies for Social and Public Good’ is a forward-looking science for policy project supported by the European Parliament, and coordinated by the Joint Research Centre (JRC) in cooperation with the Directorate-General for Communications Networks, Content & Technology (DG CONNECT). Learn more about #DLT4Good.