Rai Stones facts
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The Micronesian island of Yap uses some 6000 stones (ranging in size of a few cm to 4m) as a currency. As these Rai stones are too heavy to be physically moved, transactions involve an acknowledgement of ownership change, and an oral history past owners must be passed on to the new owner.
how to pronounce rai stones?
The Biggest Money in the world known as Rai Stone is 4metre in diameter and weighs upto 5 tons
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across. Here are 8 of the best facts about Rai Stones Blockchain and Rai Stones Currency I managed to collect.
what are rai stones?
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The Yapese people use doughnut-shaped calcite disks as currency, called Rai stones.
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Rai Stones are large stone disks used as currency on Yap Island for hundreds of years. They are quarried on Palau, some 300 miles away. Because they are so large, they are not physically exchanged. Instead, the ownership is remembered in their oral history.
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The inhabitants of the Pacific island of Yap use a currency consisting of stone disks, called Rai. These disks can measure up to 4 meters (12ft) in diameter.