How to Move Money in the 21st Century?

Money is a medium of exchange and transactions regularly take place between and among different individuals or firms. There are millions of both small and large-scale transactions taking place every day across the globe. This flow of money is the act of moving money. The various channels for moving money may include the issuing of cheques, online and physical banks and so on.

In this article, we will focus on some new trends of moving money in the 21st century. These methods are more efficient, accessible, faster, reliable, and more secure than traditional techniques.

Payment and Clearing Systems: This is adopted in online modes of payment and transactions. It goes directly from the buyer to the seller whenever a payment is made for something, and when cash is used for the transaction, it is referred to as direct payment. But in the case of online or electronic payments, your payment action initiates an order to your bank. Consequently, it sends only the required amount from your account to that of the seller.

 Even when the seller has an account from a different bank, inter-bank transfers would still implement the transaction. These digital mechanisms record the transactions digitally to ensure security and it also eliminates the need for moving around with bulky cash to make payments. 

Neo Banks: Neo Banks are digital banks that model the physical bank operationally. They provide ease of use for transactions as everything takes place digitally. This method allows transactions to be immediate, thus saving time for the parties involved.  Neo Banks’ offers and services reduce operational costs, they also provide cheaper forms of alternatives compared to traditional banks.

These banks are easily accessible and are very effective. With the help of a smartphone or other internet devices, you can download any Neo Bank application and register for an account.


Crypto-Assets: Crypto-Assets or cryptocurrencies are also new forms of 21st-century currencies. With these digital assets, for example, BTC, ETH, and NFTs, you can move money by buying and selling those assets. These forms of currency are transferable and market volatility has a direct impact on their values. To this end, their values are different and are never stable.

Crypto transactions happen via blockchain technology which guarantees low cost of transactions, decentralization of finance, and good security. Holders of digital assets can access them through Defi mobile applications known as DApps. You can also buy crypto with fiat currencies and convert your crypto back to any fiat currency through the US Dollar.  As a caveat, it is always advised to conduct thorough research before buying, trading, or selling crypto assets.


Stocks and Shares: This is another way of moving money. When investing in stocks or shares, you can buy and sell them to another person. Stocks and shares can increase your financial income, but this depends on market trends and what type of stock or share you have decided to buy.

With 21st century technology, you can buy, monitor, trade, or sell your stocks digitally. As mentioned earlier, it is essential to conduct research to avoid any form of losses associated with buying stocks and shares. These investments can increase your financial growth and portfolio. You can buy or sell your stocks digitally, or manually via traditional banks.


The 21st century has provided easy, fast, and reliable ways of moving money without many charges or restrictions. In view of this, people are starting to abandon the old cumbersome methods and are instead implementing the new techniques. Many people prefer to go cashless, handling most transactions digitally. However, the methods discussed in this article are the most used currently and continue to increase in popularity.


About the Author

Adhithyan Sundar
Head Of Marketing

Making sure we get the attention, our marketing genius ensures Astralis is growing its audience by portraying our message to the world