Money In A Whole New Avatar

Money In A Whole New Avatar



Money In a​ Whole New Avatar
Money has inspired many songs and innumerable statements .​
Money makes the​ world go round .​
Money talks .​
It’s all about the​ money .​
Money does play a​ very integral role in​ our day-to-day lives .​
Think about our three basic necessities of​ food,​ clothing,​ and shelter,​ and you know that there is​ a​ fourth basic necessity which precedes these three .​
And that,​ my friend,​ is​ money .​
We may abuse it .​
We may associate it​ with criminal activities .​
We may call it​ the​ curse of​ modern life .​
But,​ whatever we​ may say,​ the​ fact remains that we​ cannot live without money.
Money has undergone many changes .​
It displaced the​ barter system in​ the​ ancient times .​
Then currency took over to​ provide for the​ many transactions that had to​ take place .​
We have changed a​ great deal from the​ days of​ metal currency in​ gold,​ silver,​ bronze,​ and copper .​
The coins of​ today are not pure metal; they are made of​ cheap alloys .​
The currency these days consists of​ paper that costs a​ lot less than its face value .​
Slowly,​ this paper currency is​ being subordinated to​ the​ power of​ plastic .​
Credit cards have staked their hold on​ the​ world economy .​
They are rapidly gaining in​ popularity and are quickly becoming the​ new face of​ money.
The days of​ worrying about carrying large stashes of​ cash in​ flimsy briefcases are gone .​
With the​ virtual world taking over our twenty-first century reality,​ even money is​ becoming a​ virtual entity .​
People today,​ no longer feel the​ compulsion to​ have tangible forms of​ money .​
Just the​ knowledge that that rectangular piece of​ plastic is​ comfortably seated in​ our wallets is​ assurance enough .​
Earlier on,​ people were hesitant to​ avail of​ credit cards because of​ the​ feeling of​ being indebted .​
However,​ these days,​ with the​ rise of​ things like cash back credit cards and 0% balance transfers,​ people have gained a​ new perspective on​ credit cards.
It is​ no wonder that credit cards are slowly taking over from the​ paper currency that had been the​ standard till very recently .​
With living standards rising globally,​ and with the​ rising demand for instant gratification,​ people have begu​n to​ flock to​ credit card companies .​
It is​ rapidly becoming the​ rule to​ roam around with multiple credit cards while most of​ our cash remains in​ the​ banks.
Is paper currency becoming obsolete? Perhaps .​
After all,​ online transactions are much in​ vogue today .​
And it​ is​ not yet possible to​ pay for these transactions by using paper money .​
Credit cards have become the​ need of​ the​ day.




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