Post
Topic
Board Bitcoin Discussion
Re: Evolution of Money: From Barter system to Bitcoin
by
ScoobyDu
on 07/11/2023, 12:33:46 UTC
You might be surprised that the barter system are still alive and well in some rural areas in 3rd world countries and even flee markets in 1st world markets. (People still exchange goods and services)

Then you will be more surprised that digital payment methods have been developed before Bitcoin existed, like MPesa in Africa. (Yes, it is a centralized payment method.... but it was revolutionary at the time)  Cheesy

you're absolutely right that digital payment methods have been around for quite some time before Bitcoin's emergence. But as you know world is changing day by day and thousand of invention are coming.  And new forms of money and financial systems are emerging. The existance of the barter system in some areas and the introduction of digital payment methods like you mentioned (MPesa) show that financial innovation takes various shapes and serves diverse needs. As technology continues to advance, we can expect even more changes in how we exchange value and conduct financial transactions. we are living in a exiting world Grin.