00000

Money

By ilayehonatan
  • 6000 BCE

    Barter

    Barter
    Money is a means of payment, and the beginning was a barter Which is a trading system based on exchanging goods and services between two or more people. Barter had disadvantages and people realized that they need a unified payment method.
  • 2500 BCE

    Metallic Money

    Metallic Money
    In the year 2500 BCE metallic money - like gold and silver, began to be used as a mean of exchange.
  • 812

    Paper Money

    Paper Money
    The banknote first appeared in China in 812 and in Europe appeared in 1661. People used banknote because they were much lighter than metals.

  • Credit Card

    Credit Card
    In 1950, Diners Club produced the first debit card for general use. Later in 1958 American Express created an international debit card network, which became a credit card network.

  • The New Banknote

    The New Banknote
    In 1980 countries printed banknotes on plastic papers as part of the fight against counterfeiting. This change has some advantages: the banknote is better kept and it's not biodegradable.

  • Cryptocurrency

    Cryptocurrency
    The Government of Japan was the first to announce in 2017 in the cryptocurrency of bitcoin.