Before bitcoin and the online payments there was use of metals and gold as a method of payment. From the 13th century payment has gone through lots of changes and developments and in this article we intend to highlight some of this pivotal moments in the history of payment. 13th to 16th Century - Bills of Exchange It is in the 13th century that all began, during this time Venice, introduced the bills of exchange which allowed international trade without one having to carry gold which was used as form of payment during those days. By the 17th century the bills of exchange were being used for both domestic and international payments. One of the first and known check was drawn on Clayton and Messrs Morris bankers and scriveners on February 16th 1659 and it was worth 400 pounds which is equivalent to 43, 000 pounds today, it was signed by Nicholas Vanacker and paid to Mr. Delboe. 1700 to 1800 - Overdrafts In the year 1727 the loyal bank of Scotland introduced overdraft. We all enjoy b
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