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Bankless cover image

193 - Lyn Alden's Masterclass On Money

Bankless

NOTE

The Role of Banks in the History of Money

Banks have been around since ancient times and served to increase the portability of money and provide credit. In the era of the Silk Road, monetary networks developed to facilitate trade across regions. Money changers used slips of paper to transfer value between cities. This laid the foundation for modern banking, which emerged from the Muslim world. Central banks would come later.

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