ELI5: Explain Like I'm 5

Postal currency

Postage currency, also known as postal money orders, is a special kind of money that you can send through the mail. It's like having a check that you can mail to someone instead of giving them cash.

Using postal currency is a safe way to send money because it can only be used by the person it's made out to. So if you lose it, nobody else can use it. It also has a unique number on it that helps keep track of it.

When you want to send someone postal currency, you have to go to the post office and fill out a form with the person's name, address, and the amount of money you want to send. You then pay the post office the amount of money you want to send plus a small fee for the service.

The post office then prints a special money order with the name of the person you want to send it to and the amount of money you're sending. You can then put the money order in a regular envelope and mail it to the person you want to pay.

Once the person receives the postal currency, they can take it to their own local post office and exchange it for cash or deposit it into their bank account.

Overall, postal currency is a safe and convenient way to send money through the mail without worrying about it getting lost or stolen.