Net Element, Inc. (NETE) Investment in US Card Processing Services is Paying Off
Cashless payments have been around for much longer than today’s shopper probably suspects. An account in the Safarnama, or Book of Travels, by the 11th-century Persian scholar Naser-e-Khosraw, relates how one can shop without using cash: "The procedure at the bazaar is as follows: you turn over whatever you have to a moneychanger and get in return a draft; then you buy whatever you need, deducting the price from the moneychanger’s draft." One thousand years later, the moneychanger’s draft has been superseded by a debit or credit card. The moneychanger has disappeared and with him the simplicity of that medieval…