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Glimpses of cashless market history

More and more financiers speak about the modern tendency to cashless economy. Nowadays credit cards are replacing gradually cash on market. Americans use plastic money everywhere – in shops, cafe and restaurants, to reserve a room in a hotel, to buy tickets, etc.

But do you know that there are other forms of cashless market. For instant, trade beads in Africa. Now this “currency” is used only in illiterate African tribes, but only half a century ago this kind of money was in common use in West Africa.

Trade beads (or Slave Beads) were decorative glass beads used especially in Medieval Century as a currency to exchange for gold, goods and slaves. These beads were invented in Venice to ease the passage of European ships across the African continents.

Slave (trade) beads were so popular among Africans that hundreds of ships with these beads came in Africa.

First of all, trade beads were exchanged for slaves as well as for ivory, gold and other goods desired in Europe and around the world. The success of this form of currency can be explained through the high value that African people put upon decorative items. Africans often used beads for currency, and wealth storage, and social status could be easily identified by the quality, quantity and style of beads worn. That’s why trade beads were so popular in Africa.

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Balance transfer credit cards

People with hefty credit card debts and high rates may find balance transfer credit cards helpful. These are credit cards with low APR or 0% introductory APR for balance transfers. Balance transfer credit cards allow you to consolidate all your credit cards, pay off your credit card debts faster and save in interest. But before […]

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Shop for low APR credit cards extensively

Nowadays there are lots of credit card offers on the card market to choose from. And with a competition so strong more and more banks and credit card companies offer credit cards with low or 0% APR on balance transfers and purchases for certain promotional periods to attract more customers. But are these card offers […]

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