A system of electronic payment or money transfer, or in British English, a government welfare payment.
From Italian 'giro' meaning 'circle' or 'turn,' derived from Latin 'gyrus.' The term originally referred to a circular route of payment exchanges, later adopted by banks for electronic fund transfers.
The word 'giro' captures how banking evolved—it started as a physical circular movement of money between merchants in Renaissance Italy and transformed into the invisible electronic transfers we use today. This single word documents humanity's shift from walking your money around to having it teleport instantly.
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