Modern Economical Nonsense — The Money Problem
There is a problem with your money 💵!
😒 Don’t think so? Hear me out here.
💳 Visa
Credit was introduced in the 1950s.
Everyone thought credit cards would replace money, but they didn’t.
The benefits from credit cards were tremendous.
For users 👤, credit cards take less room, no need to exchange currencies when going abroad, and there is a faster transaction speed and defer payments if you want to.
For authorities 👮, credit cards are traceable and easy to fight for unlawful money activities.
The credit card was cutting-edge technology at the time, but they did not replace cash.
Then a virtual version of the credit card system was introduced: electronic payment system technology.
You can now make payments through a smartphone 📱. That almost makes it accessible to everyone who only owns a smartphone. You do not even need a bank account to pay through your phone.
Cash, on the other hand, makes a transaction anonymous.
Credit cards and cash have co-existed since.
₿ Digital Cash
