Let’s change: a critical study of the aims and practices of a local exchange trading scheme

Arianna Bove

School of Business and Management, Queen Mary University of London Francis Bancroft Building, Room 3.44a. Mile End Road, E1 4NS London, United Kingdom. Phone: +44 (0)20 7882 8412 Email: a.bove@qmul.ac.uk


The paper presents the findings of ethnographic research and a survey of a Local Exchange Trading Scheme in North-East London and asks the question of whether the scheme delivers on the aims and objectives of its members. The research found that whilst its members express a strong politically motivated desire for an alternative to the prevailing economic system, the LETS scheme falls short of delivering on those ambitions. The findings raise the question of whether there is anything intrinsic to this form of local community currency that leads it to be more inclusive, egalitarian and fair.

Article Bove.pdf

To cite this article: Arianna Bove (2017) ‘Let’s change: a critical study of the aims and practices of a local exchange trading scheme’ International Journal of Community Currency Research 2017 Volume 21 (Summer) 65-83 <www.ijccr.net> ISSN 1325-9547. DOI http://dx.doi.org/10.15133/j.ijccr.2017.009

Identifying barriers and solutions to adoption of social, complementary and/or virtual currencies

Clara Inés Peña de Carrillo*, Josep Lluís de la Rosa i Esteva**, Paulo Nicolás Carrillo Peña**, Peter Pharow***

* Universidad Autónoma de Bucaramanga, Bucaramanga, Colombia. Email: cpena212@unab.edu.co

** Universitat de Girona, Arlab research group, Girona, Spain

*** Fraunhofer IDMT, Ilmenau, Germany

With the advent of social and mobile networks, new online communities are being created around sustainable topics (e.g. environmental, social, community development). The phenomena, known as digital social innovation, generates a positive ecosystem where business and social development enabled with new behaviors boosted by social, complementary or community currencies deployed as virtual currencies have a great potential for competitiveness, and entrepreneurship, but also for fostering social responsibility in Europe. This document summarizes actions carried out through the Vircoin2SME European community project (social, complementary or community virtual currencies transfer of knowledge to SME: a new era for competitiveness and entrepreneurship) for identification of barriers and their possible solutions to reduce them in the context of the adoption of social, complementary and virtual currencies by SMEs and consumers. The Case Study method allowed identifying these barriers almost at all on the basis of RES (digital currency of Belgium) and Eurakos (virtual currency of Girona, Spain) complementary currencies operation by which the Vircoin2SME researchers had close contact. Data analyzed were taken through observation, being the project researchers’ direct users of these currencies and, the information records stored in databases concerning the users’ interactions (transactions in trades associated with the RES and Eurakos networks). This research was supported by the European Union’s Framework Programme for Research and Innovation Horizon 2020 (2014-2020) under the Marie Skłodowska-Curie Grant Agreement No. 654767.

Article Peña de Carrillo et al

To cite this article: Peña de Carrillo, Clara; de la Rosa i Esteva, Josep Lluís; Carrillo Peña, Paulo Nicolás and Pharow, Peter (2018) ‘Identification of barriers and solutions for adoption of social, complementary and/or virtual currencies” International Journal of Community Currency Research 2018 Volume 22 (Summer) 125-140 <www.ijccr.net> ISSN 1325-9547. DOI: http://dx.doi.org/10.15133/j.ijccr.2018.020