The world has developed its currency as per its convenience.
Let's see when, where and which currency form this world was/is being operated on
1) Barter System
The first of its kind trade was done through a barter deal, a deal in which goods or services are traded off for goods or services between two persons, sometimes even more. In the early centuries, this trading system was the only method of trade, until the introduction of Gold bars in 2500 BC.
In the modern era, you can still see the presence of barter system in bits and parts.
2) Gold/Silver bars/coins
The first sign of Gold bar transaction is marked back to the 2500 BC, when an extensive deal was sealed off at ebla (modern day Syria) with gold and silver bars. A few centuries later, the pure mix of gold and silver was blended in the form of coins in Ephesus (part of modern day Turkey) and Croesus, king of Lydia became the first ruler to develop the coins.
3) Paper Currency
With its origin in china in the 9th century, the paper currency made its appearance in the European market in the 17th century through banks. Sweden became the first country to launch the paper money through its banks. The paper currency has become the vastly used form throughout the world in modern times.
4 E-Money
Digital Cash, an idea introduced by David Chaum in 1983 and in 1990 he founded DigiCash. In 1997, Coca Cola sold its products over vending machines through mobile payments. A few years later, Banks offered ATM, Debit and Credit cards and people didn't need to carry cash anymore.
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