He opened a checking account with the bank.

Microsoft makes a lot more than that, but I make a billion dollars.

I'll open a bank account.

And then instead of giving them actual gold,

Everything's plain... taxes, bank accounts.

Let me do that I'll do that in purple. These are checking accounts or notes deposit accounts for people.

Even if you think that this company's going to make 0.35 forever, the other reason why you might prefer to have a bank account over Widgets Inc. is because you're guaranteed to get 102 back for your bank account at the end of the year if you wanted.

And have some money in the cash register.

The biggest challenge during this pilot was to get cash money delivered to all the people.

Bank account card?

And all that means is that, let's say today you deposit 100 in that bank account.

At the beginning of the week,

And he puts it in the pizzeria's name, in the pizzeria's bank account.

I only have 1,000 of cash.

So I'm going to owe the bank 20.

Anything in their toy account they can spend on whatever they want.

So how can we do that?

So the price would be 100.

Look, there is a number for a bank.

Separate bank accounts from his wife.

And I don't hand that person gold.

No, we are talking about 10 million, 20 million dollars on the Swiss bank accounts, on the bank accounts of Liechtenstein, of the president's ministers, the high officials in the para statal sectors.

I have a lot of money in my savings account.

What about the bank accounts? The guns?

He actually owes the bank money now.

If you ask me how much money I had,

He deposited the prize money in the bank.

The bank keeps money for people.

Maybe they think Company A is a lot safer.

I don't even get interest on it.

That would be total bank notes in this case and bank notes are also something we'll later leave a world where every bank is issuing bank notes, but I just wanted to give you that kind of historical context, how bank notes even started off.

When you put money in the bank, you deposit it.

I'd like to open a savings account.

And then when A takes this check that he got from D, brings it back to the bank.

He has plenty of money in the bank.

There is a reserve requirement.

I opened my account with the bank.

You cannot go into my bank acc... No...

That means as long as at any given moment in time, more than 20 of these people don't demand their money back, the bank's going to have liquidity.

I opened an account in my daughter's name.

Put the money in the bank.

She deposited a large sum of money in the bank.

Balance sheets are just snapshots in time.

For this purpose, SEWA mediated with the bank officials and organised camps in the villages itself.

Now, this actually leads to a very interesting question.