From the gold standard to virtual tokens
Ding, your online pizza order goes through. Buzz, a notification alerts you to mobile payment. Your friend returned the $6 she borrowed. Today we can bank, spend, and keep track of money with apps on our phones. Ask your parents how they used to handle money in the days before the internet. There’s a world of difference. Computers and smartphones have changed our financial lives. What will happen next?
Money In, Money Out
In the old days, people brought cash or paychecks to the local bank. A teller would assist them with a deposit and give a paper receipt. Tellers helped people withdraw money too. With the invention of ATMs in the late 1960s, it became possible to withdraw cash without waiting in long bank lines. By the 1980s and 1990s, people could use these machines to do many basic transactions. Those included looking at balances, depositing cash and checks, and withdrawing money from checking and savings accounts.
Today, some people skip ATMs altogether. Technology has made banking even more flexible. Daniel P. Starceski, a certified public accountant (CPA) in Pennsylvania, explains that smartphones have changed how we bank. “Our bank statements update as we make purchases and we can view these statements on our phone. In the past, we would need to wait for the bank statement to come in the mail. Another way that smartphones have changed how we bank is the ability to deposit checks with our phones.”
Points of Payment
Esta historia es de la edición April 2019 de Muse Science Magazine for Kids.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición April 2019 de Muse Science Magazine for Kids.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Who's Your Cousin?
The great apes are among the most popular animals in most zoos. Their actions, facial expressions, and family life remind us so much of ourselves. Have you ever wondered, though, how we might look to them?
Is it possible to die of boredom?
To figure out if we can die of boredom, we first have to understand what boredom is. For help, we called James Danckert, a psychologist who studies boredom at the University of Waterloo in Canada.
THE PROBLEM WITH PALM OIL
Palm oil is all around you. It’s in sugary snacks like cookies and candy bars. It’s in lipstick and shampoo and pet food.
SERGE WICH
Serge Wich’s favorite days at work are spent out in the forest, studying orangutans in Sumatra and Borneo or chimpanzees in Tanzania.
ELODIE FREYMANN
When you’re feeling sick, it probably doesn’t occur to you to try eating tree bark.
Guardians of the Forest
EARLY, MAKESHIFT WILDLIFE DRONES HELPED TO DETECT AND PROTECT ORANGUTANS.
APE ANTICS
The Whirling World of primate play
Dr. Ape Will See You Now
HUMANS AREN’T THE ONLY PRIMATES THAT USE MEDICATION.
THE LEFT OVERS
A lot has happened for modern humans to get to this point. We lost most of our hair, learned how to make tools, established civilizations, sent a person to the Moon, and invented artificial intelligence. Whew! With all of these changes, our bodies have changed, too. It’s only taken us about six million years.
SO, WHAT IS A PRIMATE?
What do you have in common with the aye-aye, sifaka, siamang, and potto? If you said your collarbone, you re probably a primatologist—a person who studies primates. If you’re not, read on.