Toruń, Poland

Digital Banking

Bankowość cyfrowa

Table of contents

Digital Banking at Merito Toruń

Language: Polish Studies in Polish
University website: www.merito.pl/english/torun

Definitions and quotes

Digital
Digital usually refers to something using digits, particularly binary digits.
Banking
The modern banking system manufactures “money” out of nothing; and the process is, perhaps, the most, astounding piece of “sleight of hand” that was ever invented. In fact, it was not invented. It merely “grew”. … Banks in fact are able to create (and cancel) modern “deposit money”, just as much as they were originally able to create, or call in, their own original forms of private notes. They can, in fact, inflate and deflate, i.e., mint, and un-mint the modern “ledger-entry” currency.
Angas, Major L. L. B. (Lawrence Lee Bazley) (1937). Slump ahead in bonds. Somerset Pub. Co.. pp. 20-21. OCLC 3506072. 
Banking
I am just a banker "doing God’s work".
Lloyd Blankfein, CEO, Goldman Sachs, 2009 statement. Source: Wall Street Journal, May 2010.
Banking
And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.
Thomas Jefferson, 3rd US President, in a letter to John Taylor in 1816 [1].

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