In last week’s article The Evolution of Cash in China – Part 1 we talked about how the Chinese people initially created alternative forms of currency. We highlighted the birth of cash in very early ages (2500 BC – 1455 BC), the rise of cash in the Zhou dynasty (1046 – 256 BC),
Have you ever wondered how the concept of cash developed?
The fiat Dollars, Euros, Yen, and Sterling that change hands daily have an extensive history as reserve currencies. The paper in wallets and the digital numbers that flow through small businesses and corporate accounts form the backbone of the global economy.
Cryptocurrencies such as Bitcoin and Ethereum have been among the most debated topics over the last few months. Supporters argue that these digital coins represent the future of money by offering numerous advantages over more traditional currencies. Detractors compare them to a classic scam in which you offer your hard-earned money in exchange for fool’s gold.