Scott Thill: Goodbye Paper Money

Thill in Alternet …

Currency has come a long way in the past few thousand years of human existence. Ancient Turkey started using hybrid silver and gold coins around 640 B.C. and the Chinese started passing paper around 800 A.D. But it wasn’t until the middle of the 20th century that Diners Club finally invented credit cards, or that electronic transfer payment systems like PayPal threw dirt on the century’s grave in the late ’90s. And now that the 21st century has fully arrived … it’s not hard to see that our digital age perhaps deserves a fully digital currency, compliant across real and virtual geographies. In fact, we’re pretty much already there, without admitting it

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This entry was posted on Wednesday, April 7th, 2010 at 8:50 AM and filed under Articles, Economics, Foreign Affairs, History, Technology, Youth. Follow comments here with the RSS 2.0 feed. Skip to the end and leave a response. Trackbacks are closed.

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