From the Electron to new Rails: 360 Years of Payments

From the Electron to new Rails: 360 Years of Payments

From the first recorded use of cash in Lydia (640BC) via banknotes causing excessive inflation in China (AD806) and a jailed Swedish banker (1600’s) we arrive at the UK’s first handwritten cheque in 1659.

For 300 years nothing else happened in payments until 30 years (starting 1960) focused on making c…