Friday, December 5, 2008

Payments and the very nature of money is a profound Human Achievement

The need to “pay” for things or exchange value in a mutually beneficial way pre-dates written history. The anthropological importance of this abstract thinking is as significant and as ancient as the development of weapons, agriculture, tools and writing.  It isn’t hard to imagine payments helping the Phoenicians develop Zero, or the Chinese develop the abacus and play an important role in the use of symbolic notations instrumental in the development of numerology, mathematics, logic, commerce and modern communication.

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