Will Crypto-Based E-Commerce Destroy the Dinosaur-Type Banking Industry? | Crypto
Banking, as we all know it, has been round for the reason that first currencies had been minted-perhaps even earlier than that, in some kind or one other. Currency, specifically cash, grew out of taxation. In the early days of historical empires, annual taxation on one pig could have been cheap, however as empires expanded, the sort of cost grew to become much less fascinating.
However, for the reason that Covid state of affairs, not solely have we appeared to maneuver to a “cashless” society, (as who desires to deal with doubtlessly “soiled cash” in a store), and with “contactless” bank card transaction ranges now elevated to £45, and now even tiny transactions accepted, comparable to a every day newspaper, or bottle of milk, receives a commission by card.
Did you recognize that there are over 5,000 crypto currencies in use already and of them Bitcoin options extremely in that checklist? Bitcoin, specifically, has had a really unstable buying and selling historical past because it was first created in 2009. This digital cryptocurrency has seen loads of motion in its pretty brief life. Bitcoins initially traded for subsequent to nothing. The first actual value enhance occurred in July 2010 when the valuation of a Bitcoin went from round $0.0008 to within the area of $10,000 or extra, for a single coin. This foreign money has seen some main rallies and crashes since then. However, with the introduction of what are known as “Stable” cash – these backed by the US Dollar, and even Gold, this crypto foreign money volatility can now be introduced underneath management.
But earlier than we discover this new type of Crypto-based E-Commerce, as a way of controlling and utilizing our belongings, together with our “FIAT” currencies, let’s first take a look at how the Banks themselves have modified over the past 50 years or so.
Who remembers the great outdated Cheque Book? Before Bank Debit Cards got here alongside, in 1987, cheques had been the primary method of transferring belongings with others, in industrial transactions. Then with Bank Debit Cards, together with ATM’s, getting maintain of 1’s FIAT belongings grew to become loads faster, and for on-line industrial transactions.
The downside that has all the time been current with Banks, is most of us wanted no less than 2 private financial institution accounts (a Current account, and a Savings account), and one for every enterprise we owned. Also, making an attempt to maneuver cash out of your checking account “swiftly” to say a vacation spot abroad, was something like SWIFT!
The different subject was the associated fee. Not solely did we have now to pay a daily service cost on every Bank Account, we additionally had a hefty price to pay on each transaction, and, after all, in very uncommon events we might not get any worthwhile curiosity, on cash in our Current Account.
On high of all that, Overnight Trading, each evening, utilizing knowledgeable monetary merchants (or, latterly Artificial Intelligence (AI) Trading programs), all of OUR belongings could be traded, and with the economies of scale, the Banks grew to become a Major Earner on our belongings – however not us! Have a take a look at the potential enterprise to be made out of “OVERNIGHT Trading”.
So, to summarise, not solely do the Banks cost a hefty price for storing, and transferring our belongings, by way of intelligent Trading methods, in addition they make hefty earnings from buying and selling our cash on the Overnight circuit, for which we see no profit.
The different level is – do you belief your Bank with all of your belongings?
How about what Bank of Scotland, who had been THE Scotland National Bank, now owed by Lloyds Banking Group, have been lately labled, in a September press launch that acknowledged “Lloyds Bank Asset Frauds – The Most Serious Financial Scandal of Modern Times.”
Why not Google that web page, after which make your personal thoughts up?
So, now allow us to check out how a Crypto-based E-Commerce system ought to function, and the way the benefits that the Banks loved with OUR cash, can change into main revenue centre for the Asset Holders – US!
On 10th October 2020, a significant new Crypto-based E-Commerce firm is being launched – FREEBAY.
Briefly, FreeBay, primarily based in Switzerland, is an organization incorporating its personal Blockchain know-how, with its personal SAFE Crypto Coin ( Based on V999 know-how ), and permits its members to switch their FIAT belongings into Gold Bullion, eradicating the necessity to contain any BANK.
V999: digital gold empowered by the blockchain; a digital token, backed by bodily gold V999 Gold (V999) is a digital asset. Each token is backed by one tenth of a nice gram gold bar, saved in vaults. If you personal V999, you personal the underlying bodily gold, held in custody. On high of that, FreeBay members should buy packages that embody highly effective Automatic Intelligence-Based Trading Robots.
So now, you can’t solely obtain whole independence from a typical BANK, however you may also commerce, just like the Banks, your digital Gold belongings, within the type of V999 Crypto tokens, on the OVERNIGHT programs, solely now you, the asset holder, get the rewards, not the Banks.
But there may be even one other nice benefit in buying and selling V999 Tokens. As you’ll be the Generic proprietor of the token, so, just like the Banks, each time a V999 token is traded (i.e. bought), say, to buy Bitcoin, or another Crypto foreign money, a Transaction Fee is charged. Every time a transaction takes place, the generic proprietor of the V999 token will get a small share of that Fee.
Note, that when a Trade takes place, and a V999 Token is bought, in change for say Bitcoin, or another Crypto coin, a small %age of that Transaction Fee is paid to the GENERIC OWNER of that token (i.e. YOU). Because Freebay’s goal is to make the V999 Token probably the most sought-after secure Crypto cash, even after your Token has been bought to a different Trader, as you’re nonetheless the Generic proprietor of the V999 Token, at any time when that Token is traded by another Trader, it’s you – the Generic Owner of that Token that will get paid the Trading Commission.
This couldn’t solely create a fantastic Passive Income for you, for all times, however is Willable to your descendants – and never a standard financial institution concerned wherever.
So, the extra V999 Tokens you purchase, and get into circulation, the larger and higher together with your Residual Income – for not simply your lifetime, however most likely on your dependants – might change into a actuality.
Interested sufficient to search out out extra? Then click on right here.
