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This quote really inspired me to dig deeper and research more about just what money's role in any given society is. Money really has not always been treated the same and continues to be used differently throughout diverse cultures and societies.
"Money is an invention of the human mind. The creation of money is made possible because human beings have the capacity to accord value to symbols. Money is a symbol that represents the value of goods and services. The acceptance of any object as money - be it wampum, a gold coin, a paper currency note or a digital bank account balance - involves the consent of both the individual user and the community. Thus, all money has a psychological and a social as well as an economic dimension. As human consciousness has evolved, the nature and function of money has evolved too." Wikipedia: Social Evolution of Money
Today we use so much more used than just paper money in the United States. We have visa, mastercard, and things such as paypal that are used the same way as money, just electronically.
The New Ways to Pay: (from:http://www.wired.com/magazine/2010/02/ff_futureofmoney/all/1)
Twitpay
Type a friend’s Twitter handle, a dollar amount, and twitpay to transfer funds to their PayPal account.
Zong
Instead of entering credit card information anew for every online purchase, users fill in their phone number and the charge shows up on their monthly bill.
Square
The latest from Twitter cofounder Jack Dorsey, this 3/4-inch cube turns any iPhone into a credit card reader.
GetGiving
This mobile app uses PayPal to enable charities to accept small donations without the usual exorbitant credit card transaction fees.
Hub Culture
Travelers can avoid the hassle and fees of swapping dollars for euros by transacting in virtual currency in this international network of workstations.
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