კონფერენცია

∘ Ana Kurtanidze ∘ Nino Darsavelidze ∘
THE PROBLEMS OF CASH PAYMENTS DURING THE PANDEMIC AND THE POTENTIAL OF FINTECH

Abstract

Banks appeared in Europe in the 15th century. For a long time, this industry has hardly changed. Know-how has not only changed customer relationships, but also forced bankers to change their business models. In 1958, Visa created the first payment system. Nine years later, Barclays Bank installed the first ATM in London. In the 1990s, the triumphant march of Internet and mobile banking began, resulting in the first online bank in Detroit in 2008. The following year, thanks to the blockchain, the ambitious "baby" Bitcoin was born, challenging the world of money.

In the 21st century, scientific and technological progress has accelerated. With large-scale investments in biometric authentication.

Smartphones have fundamentally changed the infrastructure of transfers and settlements.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Ana Kurtanidze ∘ Nino Darsavelidze ∘ THE PROBLEMS OF CASH PAYMENTS DURING THE PANDEMIC AND THE POTENTIAL OF FINTECH Abstract Banks appeared in Europe in the 15th century. For a long time, this industry has hardly changed. Know-how has not only changed customer relationships, but also forced bankers to change their business models. In 1958, Visa created the first payment system. Nine years later, Barclays Bank installed the first ATM in London. In the 1990s, the triumphant march of Internet and mobile banking began, resulting in the first online bank in Detroit in 2008. The following year, thanks to the blockchain, the ambitious "baby" Bitcoin was born, challenging the world of money. In the 21st century, scientific and technological progress has accelerated. With large-scale investments in biometric authentication. Smartphones have fundamentally changed the infrastructure of transfers and settlements.