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In our first two episodes, we traced the evolution from the barter system to commodity money, and from coins to paper currency. We also demystified the foundational aspects of payments, clarifying terms like currency, legal tender, and the concept of money itself.
Today's episode takes a slightly different route. We're shifting
our focus from coins and traditional money to concentrate on the networks that
underpinned their use. When we mention networks, we're not referring to the
internet. Instead, we're talking about ancient, pivotal networks that played a
significant role in shaping the world of payments as we understand it today.
It's easy to view payments as a linear progression, but the historical networks
were the real catalysts for change.
We're about to embark on a thrilling journey back in time, exploring the Silk Road, following the footsteps of the Knights Templar, and understanding the impact of the telegraph on wire payments. All of this is to gain a deeper understanding of the rich and intricate early history of payments. So, fasten your seatbelts and prepare for an exciting ride.......
Any questions / comments please let me know at [email protected]
Cheers
Paul
Payments Industry Insights
History of Payments
Payment System Explained
Corporate Payments Strategy
Payment Regulations Impact
ISO20022 Standard
Digital Payments Evolution
CBDC Advancements
Cryptocurrency in Payments
Financial Technology Education
In our first two episodes, we traced the evolution from the barter system to commodity money, and from coins to paper currency. We also demystified the foundational aspects of payments, clarifying terms like currency, legal tender, and the concept of money itself.
Today's episode takes a slightly different route. We're shifting
our focus from coins and traditional money to concentrate on the networks that
underpinned their use. When we mention networks, we're not referring to the
internet. Instead, we're talking about ancient, pivotal networks that played a
significant role in shaping the world of payments as we understand it today.
It's easy to view payments as a linear progression, but the historical networks
were the real catalysts for change.
We're about to embark on a thrilling journey back in time, exploring the Silk Road, following the footsteps of the Knights Templar, and understanding the impact of the telegraph on wire payments. All of this is to gain a deeper understanding of the rich and intricate early history of payments. So, fasten your seatbelts and prepare for an exciting ride.......
Any questions / comments please let me know at [email protected]
Cheers
Paul
Payments Industry Insights
History of Payments
Payment System Explained
Corporate Payments Strategy
Payment Regulations Impact
ISO20022 Standard
Digital Payments Evolution
CBDC Advancements
Cryptocurrency in Payments
Financial Technology Education