npub1q6…ug7l7 on Nostr: Paper money didn’t begin in Europe. But Europe eventually discovered another way to ...
Paper money didn’t begin in Europe.
But Europe eventually discovered another way to turn paper into money.
Goldsmiths issued receipts for deposited gold. Over time, those receipts began circulating between people — without the gold itself moving.
Then banks took the idea even further.
Money was becoming less about what you carried...
and more about what the paper promised.
Follow BTCWindow for Part 9.
#HistoryOfMoney #PaperMoney #EconomicHistory #FinancialEducation #BTCWindow