How much of the world's currency is physical money?

Only 8% of the World’s Currency Is Physical Money Interesting money fact: With mobile banking and electronic payments becoming more and more common, people are earning and spending money without having to even touch it.

What are some fun facts about money?

Here are 25 fun facts about Money: The word “money” comes from the Latin word “moneta,” meaning “mint” or “coinage.” The world’s first paper money was used in China during the Tang Dynasty (618-907 AD). The first coins were made over 2,500 years ago in Lydia (modern-day Turkey). The first U.S. banknotes were issued in 1862 during the Civil War.

What is a currency and how is it used?

Currency is simply one, tangible form of money. Money is used in a variety of ways, all related to its future use in some kind of transaction. For example, money is a store of value. This means that it has and maintains a certain value that supports ongoing exchanges.