e-money

Money is everything for us....Its anything that is generally accepted as payment for goods and services.We can see many types of money, coins, notes etc...We need money for everything in our life.History of MoneyMany cultures around the world developed the use of money, Mesopotamia referred to a specific mass of barley which related other values in a metric such as silver, bronze, copper etc.Americas, Asia, Africa and Australia used shell money.According to history Lydians were the first people who introduce the use of gold and silver coin.It's thought that these first stamped coins were minted around 650–600 BC.The system of commodity money eventually evolved into a system of repesentative money. This problem occurred because silver and gold merchants or banks would issue receipts to their depositors, redeemable for the commodity money deposited.These receipts became generally accepted as a means of payment and were used as money. Paper money or banknotes were first used in China during...