Future of Money

             Money was originally any physical substance that was desired by others, such as gold, silver, or even cattle. Today when someone mentions money you think of bills or coins, but in reality you should be thinking e-money or electronic money, the future of all commerce. With the digital age approaching perhaps bills and coins will become obsolete. If and when we do change over, e-money will make a significant impact on society.
             Through the many advancements in technology and the giant strides the internet has taken, we are now able to buy and sell goods over a computer network known as the world wide web. The more we learn about the internet and its capabilities, the easier it will get. The internet will be a much more convienent way of shopping, with everything at your disposal, there will be no more worries about getting a parking spot at your local mall when you can just park your self right in front of the computer. And in a few easy steps the item you are looking for will be ready for delivery. And through the use of a credit card or "smart chip" you will be able to purchase what you need. Increasingly, they include digital products such as news, audio and video, database, software and all types of knowledge based products. It appears that electronic commerce is similar to catalog shopping or home shopping on cable TV. The internet isn't the only way to go though. You will still be able to purchase products right out of the store site through use of your smart chip. Digital signatures will make e-money possible in stores. Your purchase will be sent directly to your bank where it is confirmed. Right now the internet, in most cases, is just another way to advertise your product to the world, while in only a few short years the internet will be dealing with main stream commerce.
             The internet wont make things any easier on the companies though. As demand goes up, supply will have to go up as well and many companies wo...

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Future of Money. (1969, December 31). In MegaEssays.com. Retrieved 22:05, April 18, 2024, from https://www.megaessays.com/viewpaper/87700.html