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There used to be a time when people used to exchange things for the specific things they needed. Next came in currency money, that was easier to manage as well as store. When we trace the history of money, we find that currency first made an appearance around 600 BC, the first coins were minted out of electrum, a mixture of gold and silver, stamped with pictures to differentiate between various denominations.<br>
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The Future Clearly Looks Bright and Promising for NFC There used to be a time when people used to exchange things for the specific things they needed. Next came in currency money, that was easier to manage as well as store. When we trace the history of money, we find that currency first made an appearance around 600 BC, the first coins were minted out of electrum, a mixture of gold and silver, stamped with pictures to differentiate between various denominations.
Currency Notes It was not until the 7th century that currency notes first made an appearance, however they had to wait up until the 11th century to gain widespread acceptance, the first notes were successfully used in China and spread to other parts of the world.
New Wave of Innovation Glossy credit and debit cards showed up next, they played a significant role in making our lives easier. A new wave of innovation is sweeping the financial sector at the present time. It is near field communication technology NFC for short, and it spells convenience. Just imagine you walk into a store and are able to pay for all the stuff that you buy in a matter of seconds, simply by tapping your phone on the counter.
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