Cryptocurrency Q&A
What did the Chinese use for money before coins?
What did the Chinese use for money before coins?
Michele
Thu Sep 26 2024
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7 answers
1706
Could you elaborate on the history of Chinese currency prior to the advent of coins? Specifically, what forms of money did the ancient Chinese utilize in their daily transactions and economic activities? Were there any unique characteristics or traditions associated with these early forms of currency that set them apart from other ancient civilizations?
7 answers
Starlight
Sat Sep 28 2024
The history of currency can be traced back to ancient times, with various forms of mediums being used to facilitate trade and exchange. One of the earliest forms of currency, believed to have originated in Central China, was the cowry shell.
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SumoPower
Sat Sep 28 2024
The cowry shell, with its distinct shape and durability, was widely accepted as a form of payment during the Neolithic period. Its use as a medium of exchange can be attributed to its scarcity and value, making it a reliable and trustworthy form of currency.
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Rosalia
Fri Sep 27 2024
As time progressed, societies began to develop more complex systems of trade and exchange. In China, this led to the introduction of various forms of local currencies, including coins made from different metals.
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Martino
Fri Sep 27 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of traders and investors in the digital currency space. Its services include spot trading, futures trading, and wallet management, among others.
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BitcoinBaroness
Fri Sep 27 2024
However, the fragmentation of currency systems created difficulties in trade and commerce. To address this issue, the first emperor of China, Qin Shi Huang, took decisive action in 210 BC.
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