Page 21 - Making It To The End Of The Month
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CAN’T TAKE IT WITH YOU? | Chapter 1
e.g., bartering or swapping each other’s services. In fact, anything that is acceptable to two parties is a form of exchange and, therefore, can be money. However, the paper and metal version and, now today, the credit version are the most acceptable format. The latest version of money and exchange is bitcoin, an electronic currency.
Here is an overview of how money has evolved over the centuries:
1871AD
Western Union’s first electronic transfer of money
1999AD
Banks utilised smartphones for mobile banking
2009AD
Bitcoin invented and implemented in cryptocurrency
1661AD
First banknotes printed in Sweden on a mass production basis
1946AD
John Biggins invented the first credit card
2007AD
Contactless payment cards introduced in the UK
2014AD
Apple Pay introduced
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