{"title":"Cryptocurrency ATMs and cryptofication of everyday life: The uneven diffusion of crypto into quotidian spaces and places","authors":"Ryan Wyeth , Dariusz Ilnicki , Krzysztof Janc","doi":"10.1016/j.peg.2025.100047","DOIUrl":"10.1016/j.peg.2025.100047","url":null,"abstract":"<div><div>Extant geographical literature about cryptocurrencies and blockchain technologies has focused on unveiling these technologies’ material dimensions (the localized impacts of cryptocurrency ‘mining’) and evaluating their potential to disrupt or disintermediate the financial sector. Less has been said about the ‘consumer end’ of these technologies (e.g. the purchase, sale, and exchange of cryptocurrencies). The present paper makes a preliminary attempt to address this gap in the literature by examining cryptocurrency ATMs (CATMs) – one of numerous ‘points of contact’ between ‘the virtual’ and ‘the material’ within the cryptocurrency ecosystem. Drawing inspiration from literature on FinTech-inflected financialization of everyday life and ‘financial democratization’, the authors use quantitative data to demonstrate that cryptocurrencies, via CATMs, are increasingly embedded into quotidian spaces, but in an uneven, variegated fashion. This implies that CATMs are an as-yet specialized financial innovation, but which might be disproportionately encountered by particular social groups. Building on this observation, the authors argue that CATMs, like other forms of FinTech, might represent another area in which user-interface design is used to encourage the use of ‘fringe’ financial products among marginalized populations. The article concludes by summarizing this research and indicating potential directions for future research.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 2","pages":"Article 100047"},"PeriodicalIF":0.0,"publicationDate":"2025-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144605565","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Toward a labour geography of cryptocurrency: Place, pensions and protests","authors":"Alex Quesnel, Steven Tufts","doi":"10.1016/j.peg.2025.100046","DOIUrl":"10.1016/j.peg.2025.100046","url":null,"abstract":"<div><div>This article argues that cryptocurrencies have a hidden, or “crypto”, labour geography. Workers and their institutions have been under theorized in the literature, despite playing an active, yet often contradictory, role in the (re)production of cryptocurrency. Drawing from labour geography, we turn to three issues where workers are producing crypto-landscapes in contradictory ways: labour’s promotion of cryptocurrency mining facilities in post-industrial communities; the role of financialization and pension fund investments in cryptocurrencies; and community struggles for dis/investment in crypto-mining and protests over its environmental implications. We highlight the contradictory relations between labour and capital in the production of crypto landscapes and the populist sentiments among workers that play a role in shaping their development.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 2","pages":"Article 100046"},"PeriodicalIF":0.0,"publicationDate":"2025-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144239506","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Two legal tenders, no currency. El Salvador’s bitcoin adoption between world money and international money","authors":"Tobias Boos , Juan Grigera","doi":"10.1016/j.peg.2025.100045","DOIUrl":"10.1016/j.peg.2025.100045","url":null,"abstract":"<div><div>This article critically examines the adoption of Bitcoin as legal tender in El Salvador, contextualising it within the legacy of official dollarisation after 2001. First, we empirically assess the benefits and costs of dollarisation, finding that, despite some theoretical claims, the benefits remain questionable in hindsight, while the costs for the country were relatively low. Second, we explore Bitcoin's role as legal tender, proposing its understanding as a form of International Money and its potential in facilitating remittances. Building on this, we show that the existing dollarisation and a ‘soft adoption’ of Bitcoin contributed to a comparatively low risk and low associated costs of introducing Bitcoin as a second legal tender. Third, we situate these developments within the broader geopolitical context, where the global monetary and financial system and the hegemony of the USD (the current World Money) are increasingly being repoliticised. In this light, the adoption of Bitcoin can be seen as a trial-and-error, unsuccessful at best, attempt by the Salvadoran government to enhance its leverage, improve remittance flows, and provide a low-cost escape valve in an evolving global landscape.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 2","pages":"Article 100045"},"PeriodicalIF":0.0,"publicationDate":"2025-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144138014","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Michael P. Schlaile , Jonathan Friedrich , Luise Porst , Jana Zscheischler
{"title":"Bioeconomy innovations and their regional embeddedness: Results from a qualitative multiple-case study on German flagship innovations","authors":"Michael P. Schlaile , Jonathan Friedrich , Luise Porst , Jana Zscheischler","doi":"10.1016/j.peg.2025.100044","DOIUrl":"10.1016/j.peg.2025.100044","url":null,"abstract":"<div><div>This article explores the regional embeddedness of bioeconomy innovations in Germany, focusing on “flagship” innovation projects that exemplify the challenges and opportunities of systemic changes towards bioeconomies. While bioeconomies have been promoted as solutions to global challenges and opportunities for sustainable regional development, there are ongoing debates about the actual benefits of bioeconomies. These debates result not least from diverging visions of both bioeconomy and innovation. The concept of regional embeddedness shows promise for addressing such issues but needs empirical refinement and conceptual substantiation. Therefore, our study investigates how innovators perceive their bioeconomy innovations to be regionally embedded and which regional challenges and opportunities they identify, using a qualitative multiple-case study approach. More precisely, we report the findings from 16 interviews with experts involved in “flagship” innovations in the German bioeconomy. Our findings highlight the heterogeneity of bioeconomy visions and corresponding innovations and confirm the relevance of different types of proximity. Moreover, higher education institutions and research institutes are found to play a key role in driving bioeconomy innovations, which may, however, contribute to regional differences in capacities and capabilities for sustainable bioeconomy innovations and transitions. Building on our findings, we propose a first conceptual framework incorporating both procedural and effectual dimensions of regional embeddedness. Generally, our article provides insights for policymakers, innovators, and other scholars interested in better understanding and governing bioeconomies through regionally embedded innovation processes.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 1","pages":"Article 100044"},"PeriodicalIF":0.0,"publicationDate":"2025-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143927766","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"From average to extremes: Application of archetypal analysis in economic geography","authors":"Milad Abbasiharofteh","doi":"10.1016/j.peg.2025.100042","DOIUrl":"10.1016/j.peg.2025.100042","url":null,"abstract":"<div><div>This article introduces Archetypal Analysis (AA) to economic geographers. AA is a novel unsupervised learning method that identifies and analyses outliers in multivariate datasets. Unlike conventional clustering methods focusing on the average, AA highlights extreme cases and represent each data point as convex combinations of extreme points. This method offers a needed analytical tool for recent economic geography research efforts studying the key drivers of success against all odds, like green transition in peripheral regions or poor outcomes like regional left-behindness. The article showcases the applicability of AA by creating a typology of European regions’ technological specializations in clean and dirty technologies. We provide open access to an R script to facilitate the adoption of AA in future economic geography research.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 1","pages":"Article 100042"},"PeriodicalIF":0.0,"publicationDate":"2025-04-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143874866","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A GPN perspective on the adoption of blockchain technology in global supply chains","authors":"Sarah Franz","doi":"10.1016/j.peg.2025.100043","DOIUrl":"10.1016/j.peg.2025.100043","url":null,"abstract":"<div><div>Blockchain technology is lauded for its potential to enhance transparency, traceability, and ultimately lead to more resilient and sustainable supply chains. However, its implications for power dynamics, governance and spatial reconfigurations in global production networks (GPNs) remain underexplored. This paper examines the adoption of blockchain technology in global supply chains and reviews its associated benefits and barriers. The paper highlights three main arenas where applying key concepts of GPN theory can help us understand how digital technologies, such as blockchain, reshape the geography and organisation of production. First, focusing on the different dimensions of power could provide a nuanced exploration of blockchain’s impact on power relations between actors in GPNs. Second, the field would benefit from an analysis of the interplay between digital- and physical space acknowledging the human factor in narratives of digital transformation. Third, there is a need to evaluate blockchain’s role as a potential technology of globalisation, changing the nature of global production and trade. For GPN theory to remain relevant, it must integrate the effects of digital technologies on actor strategies, power relations, and uneven development within global production systems.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 1","pages":"Article 100043"},"PeriodicalIF":0.0,"publicationDate":"2025-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143917477","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Exploring the spatial dynamics of circular economy transitions: Insights and lessons from Chile's mining territories","authors":"Konstantin Born","doi":"10.1016/j.peg.2025.100041","DOIUrl":"10.1016/j.peg.2025.100041","url":null,"abstract":"<div><div>This paper investigates the spatial dynamics of Circular Economy (CE) transitions in mineral resource-dependent regions. The research addresses a gap in the CE literature’s understanding of the influence of spatial factors in CE transitions, which is dominated by empirical studies of industrialised regions with mature industrial ecosystems. As a result, our current understanding of CE transitions arguably relies heavily on cases with spatial configurations of economic activities characterised by high levels of territorial development and existing industrial agglomerations that exhibit strong linkages. Using Chile’s mining territories as a case study, the paper explores how the unique spatial configurations of resource-dependent regions influence their ability to transition to more circular modes of production. These regions are often characterised by economic enclavism and weak local linkages, which shape their ability to transition to more circular modes of production. Through semi-structured and focus group interviews with industry leaders, policymakers, and academics, the study identifies three distinct spatial dimensions that impact regions’ ability to adopt CE strategies and practices: (1) the configuration of physical infrastructure and production locations; (2) the prevalent value system and patterns of cooperation; (3) the diversity of regional industrial capabilities and production networks. The study concludes that overcoming spatial and institutional barriers in enclave economies is essential to fostering sustainable industrial ecosystems and accelerating CE transitions. It contributes to the literature on the spatial dimensions of sustainability transitions and advocates for targeted regional development strategies to promote circular practices in resource-dependent areas.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 1","pages":"Article 100041"},"PeriodicalIF":0.0,"publicationDate":"2025-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143864931","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The role of real estate in the development of cities and regions: Territorial real estate and economic systems","authors":"Olivier Crevoisier , Thierry Theurillat , Mathias Rota , Alain Segessemann , Anaïs Merckhoffer","doi":"10.1016/j.peg.2025.100040","DOIUrl":"10.1016/j.peg.2025.100040","url":null,"abstract":"<div><div>Real estate has never played such a central role in the development of cities and regions. Yet, paradoxically, it has never been integrated into theories of territorial development. This article contributes to filling this theoretical gap. It proposes the concept of Territorial Real Estate and Economic Systems (TREES) to capture how the urban built environment and its financial dimension interact with the dominant activities of a region. The case of Switzerland is used to empirically delimitate relevant TREEs within a specific national context based on a qualitative analysis. Eight types of clusters are identified for Switzerland to show the diversity of roles played by real estate within the same country, both as induced by territorial development and as a catalyst of it.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 1","pages":"Article 100040"},"PeriodicalIF":0.0,"publicationDate":"2025-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143855946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Blockchain real estate: The messy landing of digital property","authors":"Matthew Zook, Michael McCanless","doi":"10.1016/j.peg.2025.100039","DOIUrl":"10.1016/j.peg.2025.100039","url":null,"abstract":"<div><div>This paper analyzes the bridging of digital-based crypto capital with one of the most long-standing and material parts of the economy, real property. Specifically, it uses two cases focused on US-based efforts to use blockchain to fractionalize the ownership and administration of land and housing. We frame this paper around the disconnect between rhetorics of frictionless capital and their dependence on the materiality of real property. Thus, rather than being exclusively a technology for transparency and investment (as proponents stress) blockchain engagements with the materiality of real estate embroiled within centuries long processes of dispossession, predation and exploitation. The two case studies are CityDAO, an online business/community focused on building the “crypto city of the future” holding two rural parcels of land in Wyoming and Colorado, and RealT, a fractional, tokenized real estate platform that invests in rental housing, using Section 8 vouchers as a means of ‘bridging’ global crypto-capital into the materiality of Detroit’s housing market.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 1","pages":"Article 100039"},"PeriodicalIF":0.0,"publicationDate":"2025-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143684551","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A role for economic geographers in the entrepreneurial ecosystem framework: Global pipelines and the mobility challenge","authors":"Jan Jacob Vogelaar , Shiri Breznitz","doi":"10.1016/j.peg.2025.100037","DOIUrl":"10.1016/j.peg.2025.100037","url":null,"abstract":"<div><div>Entrepreneurial ecosystems have emerged as an influential framework for understanding the spatial dimensions of entrepreneurship. Beyond offering an analytical lens, the framework’s promise lies in its potential as an ‘actionable framework’ to guide regional actors in strengthening ecosystems. This short paper argues that the framework suffers from two key shortcomings that must be addressed to realize this potential. First, ecosystem actors must overcome regional constraints by building global pipelines to access resources beyond their immediate sphere of influence. Second, they need to address the challenge of retaining key actors, such as graduates and high-growth firms, which may relocate. These shortcomings present opportunities for economic geographers to contribute empirical and theoretical insights that enhance the framework’s actionability. We conclude that, despite these challenges, ecosystem actors have a reason for optimism. The growing recognition that different entrepreneurial ecosystem configurations support various types of entrepreneurships offers regional actors new perspectives.</div></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"3 1","pages":"Article 100037"},"PeriodicalIF":0.0,"publicationDate":"2025-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143562213","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}