#TradeStories EVOLUTION OF MONEY 💰

🚨Key Takeaways

Money is a medium of exchange with a recognized value that was adopted to make it easier for people to trade products and services with one another.

The history of money crisscrosses the world as various cultures recognize the need to simplify trade by introducing a single, portable token of value into the process.

People bartered before the world began using money.

The world’s oldest known coin minting site was located in China, which began striking spade coins sometime around 640 BCE.

Since then, the world has adopted banknotes and moved into digital forms of payment, including virtual currencies.