4 ms·
It’s interesting that we keep reinventing this method of moving money by actually not moving it. It existed between merchants in the middle-age[1] and most pro
by juliendorra 8y ago
It’s interesting that we keep reinventing this method of moving money by actually not moving it.
It existed between merchants in the middle-age[1] and most probably earlier (Mesopotamia?)
I suppose this is a cycle of centralization/decentralization.
[1] https://www.economics.utoronto.ca/munro5/BILLEXCH.htm https://www.economics.utoronto.ca/munro5/BILLEXCH.htm