The evolution of money
If you’re interested in the evolution of money and how they’ve evolved from some paper used in barters at the beginning of history into high-tech, then you have to watch this episode with the CEO from ZBX from our podcast. We have to admit that money has always been important to people and the economy.
And the forms that money has taken on during our history have always been closely connected with the technological developments in the economy.
That’s why we always say that we will survive the ones that will adapt; themselves or their businesses.
What is money?
If you are looking for a definition by the book, money is “anything generally accepted in payment for goods and services or the repayment for debts.” (Mishkin, 1992) However, if you want a real definition, you should ask an economist.
Nowadays, with all the tech revolution, other terms appeared in our society: e-money and cryptocurrency. Still, there is the main difference between these two terms, which is the fact that e–money does not change the value of the fiat currency.
Yet, no matter the form of money, they have three functions:
- Medium of exchange
- Unit of Account
- Store of value
Now that we’ve opened your appetite for money to learn more about them, not to run after them, let’s see what direction money has taken in their evolution. A cryptocurrency is a form of payment that can be exchanged online for goods and services. Basically, the coins do not exist in real life, only virtual.
But if you want to learn more about that, you’ll have to watch our new episode from the podcast.
What is ZBX?
ZBX is the world’s first crypto exchange with fiat to crypto and banking services. The crypto exchange is registered in Europe for individual and institutional traders. Moreover, people can trade Bitcoin and altcoins against cryptocurrencies or the EURO.
In a world first, users can now open real bank accounts insured for up to 100,000 Swiss Francs. A crypto exchange is like a marketplace where people can buy and sell cryptocurrencies.
As you can see, money has taken its place in digital with all the tech revolution. As a result, more and more businesses are integrating crypto payments on their websites to adapt them to the new world. Thus, if you want to be aware of everything changing in the world and other amazing guests, follow our podcast!