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The Publication

What we publish

PSP publishes a long-form weekly essay. Each piece sets a current development

  • ✓ Scheme-fee filing
  • ✓ BaaS launch
  • ✓ Stablecoin authorisation
  • ✓ PSR consultation

Inside the longer arc that produced it. Mesopotamian credit.

  • ✓ The Italian bill of exchange
  • ✓ The Amsterdam bourse
  • ✓ The Bank of England
  • ✓ SWIFT
  • ✓ The card networks
  • ✓ The stablecoin

Over time the essays collect into a book on the history of payments and commerce.

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Recent Essays

Keeping Pounds in Your Pocket
July 30, 2026 • 12:30 PM

In the Beginning Was the Ledger

The usual history of money runs from barter to coins, from coins to banknotes, and eventually to bank accounts and bank credit.

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The Book in Progress

The history of payments

100 essays exploring how money, technology and payment systems have evolved.

A long-running project exploring the history of payments, from ancient monetary systems to the digital infrastructure of today.

  • ✓ Demetrius tetradrachm
  • ✓ Florentine fiorino
  • ✓ Hamburg banco mark
  • ✓ Magnetic-stripe Visa card
 
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