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The Knights Templar also had a chit system for international banking that used a form of encryption/encoding. People deposited with the Knights Templar and were given a chit that could be redeemed at Templar locations around the territories they had holdings in.

Very interesting, I didn't know all that about the Knights Templar. Apparently the Knights Templar were closer to a private bank, while centuries earlier the Chinese government did it.

"The Templars were not the first organisation in the world to provide such a service. Several centuries earlier, Tang dynasty China used "feiquan" - flying money - a two-part document allowing merchants to deposit profits in a regional office, and reclaim their cash back in the capital." - BBC.com

But fact-checking on all this stuff seems a bit tricky. Regardless, very interesting point you've added, gives me lots of food for thought, thank you! 🙏

Yeah I think Knights Templar may have been the first International Bank but they were not the first Private Bank.

Good point! 🙏

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