The Use of 'Invisible' Money

Thursday, May 18, 2006

Money money everywhere, but not a note/coin to be seen.

Today, with technology, money has become nothing but a mass of numbers. For example, when you work, your boss gives you a cheque at the end of the month. You deposit the cheque at the bank. After that, you spend your money by slashing various credit cards/nets to buy things that you want/need.

Do you see the cash that is being passed around? All you see are just numbers, increasing and decreasing with time. And you work for these numbers, because you want them to increase.

In our society, money, although present, is slowly turning invsible. The use of invisible money has also shrinked the world, by a million times.

Today, I will be concentrating on a kind of money that has been increasingly popular worldwide. This money is not only invisble when you are using it, they are not even yours in the first place. Yes, I am talking about the use of credit cards.

Credit cards was introduced a decade ago, but has became increasingly popular throughout these few years. When they were first introduced, the use of it was a symbol of status and wealth, but now, it has became so common that it has brought about a new culture: spending money when you dont have any.





I am sure that these images aren't strangers to us anymore. They can be found in many resturants, malls, cafes and many other places. As the use of it increases, the no. of places where it can be used increases as well.

In my opinion, digital (invisible) money is actually like a new currency. But it is even better than the European currency, because it is accepted all over the world! With any one of these cards, you can travel across the world without any worries, no one discrimates money ( in any form).




The use of these cards is simple and easy as well. All the consumer has to do to purchase anything is to leave his/her autograph behind! It is the same everywhere.

So how has that shrinked the world?

Firstly, with a new currency that is accepted in every country, it is a clear sign that the world is now changing to a global hub. There is no need to go to a money changer these days when you need to travel overseas if you are a proud owner of a credit card. Every businessman smiles when they see it.

With ATMS everywhere, it is no trouble if you are in need of cash too! All you have to do, is to insert your credit card into the machine, and ... tadaa! Local currency comes out. So it does not matter where you are purchasing your goods. Be it in China, Singapore, India, Germany or even the South pole, with that magical card that allows you to take almost anything back home. And it does not even matter where home is. Like man, machines do no discriminate money too, they will serve everyone politely.


Of course, the best (or maybe worst) part is that you are not even spending your own money, but the bank's money. OCBC or Citibank or UOB, they are the ones that are paying for you expenditure, first.

Of course, the surprise is always waiting for you in your letter box at home.

.:. The development of banks and and the invention of ATMs has brought about a new age, an age where invisible money is used daily. Credit cards has also brought about a new digital currency that is accepted worldwide, eradicating differences.



ahh... Fossil fuels better not run out any time soon.

By Ziye, the technological 'expert'.
Posted by leaf at 9:22 pm
|