Research:
The history of money concerns the development of means of carrying out transactions involving a physical medium of exchange. Money is any clearly identifiable object of value that is generally accepted as payment for goods and servicesand repayment of debts within a market or which is legal tender within a country.
Many things have been used as medium of exchange in markets including, for example, livestock and sacks of cereal grain (from which the Shekel is derived) – things directly useful in themselves, but also sometimes merely attractive items such as cowry shells or beads were exchanged for more useful commodities. Precious metals, from which early coinswere made, fall into this second category.
The history of money concerns the development of means of carrying out transactions involving a physical medium of exchange. Money is any clearly identifiable object of value that is generally accepted as payment for goods and servicesand repayment of debts within a market or which is legal tender within a country.
The History of the British Pound
The British pound, also now known as the pound sterling, is generally considered to be the world's oldest currency that is still actively used and circulated. It originated during the 760s when King Offa of the Mercian kingdom (present-day Staffordshire) introduced the silver penny into the coinage of the time. Inspired by the Carolingian system, 240 of the new pennies equaled a pound in silver. Additional subdivisions of coins included farthings and shillings. Shortly after introducing this system in Mercia, the surrounding Anglo-Saxon kingdoms of the Heptarchy followed suit and also adopted it. Eventually the pound became the standard monetary unit in the region.
Shells were used as money (shells of the money cowry) it is an exchange of seashells. I feel like aesthetically this would make a nice print.
Future of money:
Contactless payment systems are credit cards and debit cards, key fobs, smart cards or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near field communication (NFC) for making secure payments. The embedded chip and antenna enable consumers to wave their card, fob, or handheld device over a reader at the point of sale terminal.
Some suppliers claim that transactions can be almost twice as fast as a conventional cash, credit, or debit card purchase. Because no signature or PIN verification is typically required, contactless purchases are typically limited. Those unauthorized may still take advantage of contactless payment systems as no identification occurs before payment except for certain devices, such as when using mobile payments. However, owners can block transactions, and that may provide a relatively short time frame, if any, for fraudulent activities to occur.
Research indicates that consumers are likely to spend more money using their cards due to the ease of small transactions.[1]MasterCard Canada says it has seen "about 25 percent" higher spending by users of its PayPass-brand RFID credit cards.[2]
Apple Pay
Secure, simple, and even more useful.
Paying in stores or within apps has never been easier or safer. Gone are the days of searching for your wallet. The wasted moments finding the right card. Now you can use your credit cards, store credit cards, and rewards cards with just a touch.
Apple Pay is simple to use and works with the cards you already have on the devices you use every day. And because your card details are never shared when you use Apple Pay — in fact, they aren’t stored on your device at all — using Apple Pay on your iPhone, Apple Watch, or iPad is the safer and more private way to pay.
Bitcoin is a digital asset[16] and a payment system invented by Satoshi Nakamoto,[note 7] who published the invention in 2008[12] and released it as open-source software in 2009.[18] The system is peer-to-peer; users can transact directly without an intermediary.[19]:4 Transactions are verified by network nodes and recorded in a public distributed ledgercalled the block chain.[20] The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency.[1] Bitcoin is often called the first cryptocurrency,[21][22][23] although prior systems existed.[note 8] Bitcoin is more correctly described as the first decentralized digital currency.[19][26] It is the largest of its kind in terms of total market value.[27]
Initial Ideas after research:
After researching money and a few examples of what people have done to the bank note. I think I want to make an exhibition piece that is an illustrative perception of money or space money - something that could be used universally but has elements inspired by tech and space such as holographic elements.
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Imagery for inspiration:
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After researching money and a few examples of what people have done to the bank note. I think I want to make an exhibition piece that is an illustrative perception of money or space money - something that could be used universally but has elements inspired by tech and space such as holographic elements.
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