WHAT IS IT?
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.