Crypto, News, Technologies

What is money, Its Evolution Over The Years

What is money, mobile banking apps, Evolution of Money, History of money, unregulated currency

Money has always been an integral part of our lives. Even during the times of our ancestors, it has served as a medium of exchange and has been the driving force that shaped our day-to-day interactions. With that said, it’s not an exaggeration to say that money makes the world go round.

Along with advancements in technology, money has also evolved over the years. Unlike a few decades back, when everyone was limited to coins and bills, the development of new systems and the arrival of digital platforms have transformed the way we transact. Nowadays, anyone can use credit cards, mobile banking apps, and other digital tools for their financial obligations.

Among all the notable developments in the finance sector, the rise of cryptocurrency is arguably the most impactful. Ever since its inception in 2009, Bitcoin and the other currencies that followed have continuously gained traction among investors. Despite its volatile nature, crypto’s appeal as an unregulated currency has convinced millions to start venturing with it.

Today, In light of COVID-19, cryptocurrencies are more relevant than ever. If you want to understand the benefits of digital currency, look into the history of money. Read the guide below for everything you need to know!

 


Infographic by CoinGeek evolution of money


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