How did travelers (e.g., aristocrats on their continental tours) access funds before the invention of credit cards and global banks? There were no ATMs and presumably carrying enough cash to last the whole trip would’ve been too dangerous.

Credit Lines. In the olden days, if you were traveling outside your banking circle so to speak, you took with you credit notes that were honored in various other cities. Sometimes these notes were coded, sometimes they were carried by external couriers in advance and sometimes you carried it yourself. That is the whole premise […]

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