2min chapter

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Money: From coin to cryptocurrency

The Forum

CHAPTER

How Is Money Removed From the System?

Money in the modern era is created by the issuance of debt, a promise by a bank. The way that money the physical objects let's call it paper money is destroyed is by transmuting it back into an account. We've already seen in the world of stock markets and bond markets the physical aspect of shares and bonds are no longer necessary. And as we all begin to transfer value through our cell phones that's what I see for the future of physical money.

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