The New Frontier in Payment Systems: Virtual Currency Schemes, the C3 Uruguay case and the Potential Impact on SSE (Draft)

This paper looks at the Commercial Credit Circuit or C3 designed for the Uruguayan economy in the aftermath of the last financial crisis, and its advantages and disadvantages.

This paper was presented at the special session on Alternative Finance and Complementary Currencies, organized by the United Nations Non-Governmental Liaison Service (UN-NGLS) at the UNRISD Conference on Potential and Limits of Social and Solidarity Economy.