What is Flying money?

Flying money is when money moves from one place to another without you having to carry it in your pocket.

Imagine you have a piggy bank full of coins at home, and you want to buy a toy at the store. Normally, you would walk to the store with your piggy bank and take out some coins. But with flying money, it's like the coins jump from your piggy bank all the way to the store, without you having to carry them.

How Flying Money Works

Think of flying money like a special kind of message that tells the store, "Here’s some money for the toy!" This message travels through computers and wires, fast as a bird in flight. When the store gets the message, it knows your money has arrived, and you can take the toy home.

It's just like when you send a text to a friend, the words don’t travel by walking, they fly through the air (or under the ground) really quickly!

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Examples

  1. A child sends a message to their friend, and the friend gets $10 instantly without using any paper money or coins.
  2. Imagine sending your lunch money through text messages instead of handing it over in person.
  3. Your mom can pay for groceries from her phone while you're at school.

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