I payment methods they have existed for centuries and have always played an important role within societies.
Their evolution, in the years, it was considerable: it has gone from simple and physical barter to the difficult and abstract world of technologic innovations.
The technological advent and the globalization they allowed theevolution of payment systems.
Ancient payment methods: the barter
In less developed social organizations the production and exchange of natural products or hunted animals or their derivatives, they took place for the sustenance and safety of the individuals who made up the family and were aimed at satisfying basic needs.
The barter it was used extensively, in the first phase of the early Middle Ages due to closed economies with an agrarian-feudal structure, with few commercial monetary exchanges.
The currency local circulation was used at that time to supplement the value of the goods being bartered.
The reasons for the transition from simple barter to’use of commodity money can be found in different characteristics.
The use of a payment unit accepted by the entire community, it made it possible to facilitate the triangular exchange and the fixing of a reference price for the goods on the market.
The value of salt and grain, most used elements, it was not stable enough and because of this since 2000 a.C. i precious metals- air, silver and bronze they established themselves as an ideal counterpart, given their natural scarcity.
The continuous growth in demand for coins was higher than the supply of precious metals to produce them, and with the continuous increase in trade, metal coins have imposed themselves.
The first form of banknote it can be dated to the year 1180.
The banknotes they were issued by the state, they did not have an expiration date and were accepted as a form of payment by the majority of the population.
The key invention, for the evolution of payment methods, was the birth of the payment card.
Technology was fundamental for the evolution of payment cards.
In 1967 theATM (Automated Teller Machine), system that allowed you to withdraw cash from your bank account automatically at all hours of the day.
After 1980, in the United States, there was a significant growth in the use of payment cards, given by the end of a situation of stagflation and by the economic recovery.
Individuals and companies began to spend more and borrow more: the result was an increase in the use of credit cards.
During the 90s, ATM card, which were technically debit cards, they became much more used to make a payment.
These cards were crafted with a chip and could only be used by entering their own PIN number.
Modern payment methods: internet
The main evolution of electronic money takes place with the introduction of internet.
The ability to make payments globally at reduced costs and time is a huge advantage in the field of payment systems.
La Financial Technology, known as FinTech, describes the financial services offered through the use of software and modern technology (Blockchain, Big Data, Crypto coins, Internet of Things, etc.)
An example of how the internet has favored companies operating in payment systems is the company PayPal, recognized as first company FinTech.
PayPal offered and still offers a money transfer service.
The company deals with processing payments online, insecurity, allowing the sale of products and services directly through the use of the internet.
Payment methods today: cryptovalute
The phenomenon Bitcoin represents an attempt to create one digital currency exchangeable and free from intermediaries.
From 2009 al 2018, Bitcoin has seen great success, both in terms of media than to use.
The use of this innovative payment method involves the use of a new unit of account, the cryptovalute bitcoin.
The cryptocurrency bitcoin exists only on the web and is used by internet users, especially in video games, in online gambling, in e-commerce and the like.
Until today, almost all E-Games allowed their users the ability to earn or purchase the “game currency”.
The revolutionary idea is the creation of a currency that, earned in-game, it can be spent outside the platform in other games or other markets.
The same goes for the cryptovalute.
Their use is particularly visible in the world of’e-Gaming and online casinos, where more and more players choose cryptocurrencies as a method of payment and withdrawal of winnings.
As such transactions prevent fraud and other criminal activities, i casinos that accept cryptocurrencies I'm, Consequently, safe for users, but also for themselves.
The security in a payment system is crucial, as it allows the user to use certain tools more safely, comfortable and worry-free.
The speed of use and transaction brought by the new payment methods is a tangible benefit for consumers.
Make a payment at a point of sale using a system contactless, whether it is a system implemented on a credit / debit card or through a digital application, significantly decreased the execution time of the transaction (photo: news.italy-museum.com/it, monetedivalore.it, ilbankariese.altervista.org e lindro.it).