History of Money

Central bank digital currency

Central Bank Digital Currency(CBDC): 1st Great Move Towards Transforming Banking

Image Source: Pixaby ‍ Central Bank Digital Currency (CBDC) are basically digital currencies like crypto currencies issued by Central Banks. The advantage they have over cryptos is that they are backed by governments, meaning that they are legal tender. Digital money is nothing new. From PayPal to Apple Pay, there are numerous options for digital …

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Currency

China International Payment System(CIPS): Ambitious SWIFT alternative

China International Payment System, or CIPS, is a payment system designed by the Chinese government to facilitate cross-border payments. CIPS was developed by China’s central bank, the People’s Bank of China (PBOC), and launched in October 2016. It aims to make cross-border payments faster, cheaper, and more efficient for both businesses and individuals. It is …

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Kickstarter and 8 Most Important Crowdfunding Platforms

Kickstarter is a crowdfunding platform for creative projects. Launched in 2009, the company has raised over $13 billion from more than 18 million people. Creators can use Kickstarter to raise money for a wide range of creative projects, including films, music albums, video games, art installations, and food products. In order to receive funding, creators …

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