Is the End of Paper Currency near?
Created on 10 Sep 2022
Wraps up in 8 Min
Read by 1.9k people
Updated on 13 Sep 2023
Just because it is normal does not mean it is right. What is “normal” anyway, except a setting on washing machines? These lines ring very true with the current currency situation. Versions of paper money existed as early as 7th century China. Since then, the currency system has undergone multiple changes to make physical notes the widely accepted mode of exchange of value. Humanity has come a long way since the 7th century. Isn’t it about time that money kept up with the times and developed too?
This need for a change isn’t baseless either. Although the concept of currency is nearly as old as human civilisation, a relatively new disease plagues the system. We are all quite familiar with the progression of barter and how currency brought liquidity to an inflexible system. However, it is human nature to corrupt all that exists; money, of all things, was not going to escape this rot. This new disease is illegal, or as the laymen call it, black money (could have very well been purple or green money, but nope, black). Nevertheless, 👇
You are missing out on so much.
To continue reading, Subscribe.
You can have unlimited access to all the Elite Articles. Log in to check if your Finology account is ready for Elite.
By Subscribing to Finology One, you can unlock more superpowers -
- Up to 3 premium articles every week
- 15+ Stock recommendations with Recipe.
- 45+ premium courses with Quest.
- Valuation Calculators and more tools with Ticker.
You get all of these in one, with One.
How was this article?
Like, comment or share.