Fintech is as old as finance itself. And throughout history, technology has always sparked innovations in the way money is used and perceived. Think of the groundbreaking impact the introduction of money would have had in traditional barter economies – where each party in an exchange must want what the other party has to offer. This would have been an extreme dampener on commerce as transactions could only happen in a mutually beneficial exchange. Money solved this problem. It acts as a medium of exchange, which could also store value over time. The first official use of coins was in…
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