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/biz/ - Business & Finance

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25725734 No.25725734 [Reply] [Original]

What is the process physical cash goes through to become digital? At what point does it become a number on a screen that can show up in online wallets? Are only banks allowed do that?

>> No.25725796
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25725796

>>25725734
its born as a number on the screen and just a very minuscule part of it transform into a physical form fucking retard

gosh I hate this piece of shit board with all the normies flooding in, please go back to plebbit and never come back again

>> No.25725824

>>25725796
fpbp

>> No.25725877

>>25725796
And before computers existed?

>> No.25725921

>>25725877
Written in ledgers representing values of securities.

>> No.25725949

>>25725796
Did they just deposit the cash when they started using computers in banking?

>> No.25726026

>>25725796
How was i supposed to know that, faggot, they dont teach how the banking system works in school, not even in college

>> No.25726319

>>25725796
I wasnt even asking how money is printed, too low iq to understand my question

>> No.25726641

>>25726319
>>25726026
>>25725949
>>25725877
>>25725734
here
https://youtu.be/mQUhJTxK5mA?t=1055
https://www.youtube.com/watch?v=mzoX7zEZ6h4&t=206s
now don't come norman