Think Crypto's Challenges Are Unique? It's Just History Repeating Itself

From bartering to blockchain, the world of money - and the way we transfer it - has never stood still.

Together, we're going to take a journey exploring where money transfers began, and how we got to where we are today.

Creating an asset which represents something else is something that hundreds of utility coins in the crypto world do today.

CoinsFast forward just 700 years and we finally get to something resembling money - the coins jingling in your pocket.

Want another fun fact for that dinner party? The rollout of telegraph systems paved the way for Western Union, which launched in 1851.Making notes notableWith money changing hands in ever larger quantities, it became important for bank notes to be trusted and recognized internationally.

Many crypto organizations, which do not rely on central banks, are now underwriting their digital currencies with precious metals - and some banks are even making a cautious foray into the world of crypto.

The future?Just like cowrie shells had to gain traction all those millennia ago, cryptocurrencies and blockchain are now hoping to deliver a seismic change in money transfers - and economies as we know them.

Their immutable records at every stage of a transaction helps prevent fraud and money laundering - speeding up transfers while driving down costs for consumers.

Sure, there are hurdles to overcome, but as we've seen, practically every development in the history of money has had endured struggles at one point or another.

Piixpay enables users to settle bills and transfer money to friends and family using Bitcoin, Bitcoin Cash, Litecoin, or Dash - with these payments arriving to recipients in the form of euros.