quisk next step in evolution_final

Cattle and other forms of livestock are the first and oldest forms of money. With the advent of agriculture, grains, seeds, salt and tea, were also used as mediums of exchange. What is money? It’s something of value, by definition. Since at least as far back as 10,000 years, people were giving value to objects to use as mediums of exchange. But, over the years, the form that money has taken has changed considerably—from cattle and cowrie shells to today’s digital cash. Here’s a brief look at that history. Cattle These decorated shells of a mollusk were first used in China, but have been used in other lands, including parts of Africa as recently as the 20th century. The cowrie is the most widely and longest used currency in history. Cowrie Shells The first use of bronze and copper as money was in China.The metal was formed into shapes resembling cowrie shells and developed into primitive versions of round coins. Metals C. 9000 - 6000 BC C. 1000 BC C. 1200 BC The earliest known use of wampum, which are strings of beads made from clam shells, was by North American Indians in 1535. Wampum 1535 The first coins, usually made of silver, or gold, appeared in Lydia, part of present day Turkey. They took the familiar round form of today and were stamped with various gods and emperors. First Coins C. 600 B.C. Paper money first came into being about 1000 years ago in China. It was in use in China until 1455 and then disappeared for several hundred years. This was many years before paper money would reappear in Europe. First Paper Money C. 1000 AD England pegged its currency to gold in 1816 to help control inflation; the United States pegged its currency to gold in 1900. The Gold Standard was subsequently abandoned in the 20th century. The Gold Standard Frank McNamara invented the first credit card—the Diners Club Card—in 1950. Since then, there have been many other plastic cards with magnetic strips or embedded chips introduced. Credit Card 1816 Economic transactions take place electronically and with mobile devices. Quisk is the first central bank-sanctioned all-digital bank account with complete and secure banking functionality. Digital Cash TODAY 1950 www.quisk.co ©2013 Quisk, Inc. All rights reserved. Q UISK Q UISK THE NEXT STEP IN THE EVOLUTION OF MONEY.™

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Page 1: Quisk next step in evolution_final

Cattle and other forms of livestock are the �rst andoldest forms of money.

With the advent of agriculture, grains, seeds,

salt and tea, were also usedas mediums of exchange.

What is money? It’s something of value, by de�nition. Since at least as far back as 10,000 years, people were giving

value to objects to use as mediums of exchange. But, over the years, the form that money has taken has changed

considerably—from cattle and cowrie shells to today’s digital cash. Here’s a brief look at that history.

CattleThese decorated shells of a

mollusk were �rst used in China,but have been used in other lands,

including parts of Africa asrecently as the 20th century.

The cowrie is the most widely andlongest used currency in history.

Cowrie ShellsThe �rst use of bronzeand copper as money

was in China.The metal wasformed into shapes resembling

cowrie shells and developedinto primitive versions

of round coins.

MetalsC. 9000 - 6000 BC C. 1000 BCC. 1200 BC

The earliest known useof wampum, which are

strings of beads made fromclam shells, was by

North American Indiansin 1535.

Wampum1535

The �rst coins, usually made of silver,or gold, appeared in Lydia, part of present day Turkey. They took thefamiliar round form of today andwere stamped with various gods

and emperors.

First CoinsC. 600 B.C.

Paper money �rst came into beingabout 1000 years ago in China. It was

in use in China until 1455 and thendisappeared for several hundred years.

This was many years before papermoney would reappear in Europe.

First Paper MoneyC. 1000 AD

England pegged its currencyto gold in 1816 to help control

in�ation; the United States peggedits currency to gold in 1900.

The Gold Standard was subsequentlyabandoned in the 20th century.

The Gold StandardFrank McNamara invented

the �rst credit card—the DinersClub Card—in 1950. Since then,

there have been many otherplastic cards with magnetic stripsor embedded chips introduced.