[SoCal Pubbie]

I guess there was nothing wrong with money, but I would assume that the hassle of securely transporting large sums as opposed to simple notations on a ledger favored the latter system. The same reason actual money doesn’t get transferred every time you swipe a debit card.

[DoodleDawg]

I guess there was nothing wrong with money, but I would assume that the hassle of securely transporting large sums as opposed to simple notations on a ledger favored the latter system.

Correspondent banks and letters of credit were widely used in the 19th century.