1,200 years ago, Chinese merchants carried paper notes instead of heavy copper coins. The notes were so light they could blow away, so people called them feiqian: flying money. Now it flies again on https://t.co/bcrMiRbxAb. $FEI
CA: 391Wmoyp2nyM7iWqKffbz2JNxM3cw68nbHen7Keppump
Tang merchants: deposit here, cash out there. About 350 years later the Knights Templar ran the same trick in Europe: leave your valuables at one Templar house, collect funds at another. Same flying money, extra chainmail.
https://t.co/qL9dA564Qh
$FEI
812 AD: Tang officials try to ban flying money. Several times.
Eventually they give up and adopt it.
Regulators fighting new money is older than you think. 📜🪽 $FEI
https://t.co/qL9dA55x0J
1,200 years ago, Chinese merchants carried paper notes instead of heavy copper coins. The notes were so light they could blow away, so people called them feiqian: flying money. Now it flies again on https://t.co/bcrMiRbxAb. $FEI
CA: 391Wmoyp2nyM7iWqKffbz2JNxM3cw68nbHen7Keppump