Evolution of Monetary Transactions – Past, Present and Future

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Evolution of Monetary Transactions Past,
Present and Future

• To get on with the business of living, all of us
  need money on a constant basis, we continue with
  the humdrum of everyday life oblivious to the
  fact that money has a life of its own present
  life, the hard cash you can touch and feel, and
  the virtual cash in virtual wallets.

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Concept of Money

• It is interesting to note this humble money has
  got the past as well and it goes without saying
  the same will evolve in the future and take a
  different shape and form. Primarily the
  underlying concept of money is unwavering ever
  since it made an appearance for the very first
  time.

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Medium of Exchange

• Simplistically put money is a medium of exchange
  of goods and services. In the early times, grains
  were the chosen medium of exchange. They gave way
  to our currency and current monetary system. The
  transition was not as simple and effortless as is
  made out to be.

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