Virtual currencies

Looking back in history, one can start with barter. Naturally, this is a rather impractical solution, since everyone only needed certain things. For this reason, money was invented, and coins are a universal means of purchasing goods . Coins were minted first, and paper money was added only later.

This combination is still true today, but cash has pretty much given way. This is because we live in an era in which we deposit money in banks ,most of which we never see in reality. If we follow the principles of safe online behavior and handling of Internet banking data, we do not have to worry about losing our money or any part of it. Internet banking eliminates the need to go to a branch because you can make the necessary transactions from the comfort of your couch at home. It is also convenient to purchase goods in an e-shop. But with credit cards, there is no need for that at all. Today, credit cards are already commonly contactless, so all you have to do is hold it over a terminal and enter your PIN if necessary. This option is not new either,but there is another way. You can use a smart cell phone or a watch with NFC capabilities. The payment itself is done in the same way as with a card.

Smart phones are carried everywhere, so you don\’t even have to carry your wallet to the store. The whole system is very sophisticated and secure because payments are made through virtual codes. For example, you can pay using Google Pay, which many banks support, so this is not really a problem. Payment verification itself can also be done with fingerprints or face scans, and these features are less likely to be abused. Thus, smart devicesare also helping in the area of payments.