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Will Crypto-Based E-Commerce Destroy the Dinosaur-Style Banking Industry?
banking as we know it, has existed in some form since the first currency was minted – perhaps even before that. Money, especially coins, arose out of taxes. A yearly tax on a pig might have been reasonable in the early days of the ancient empire, but as the empire expanded, this form of payment became less desirable.
However, due to the Covid situation, not only do we appear to be entering a ‘cashless’ society (because who wants to deal with potentially ‘dirty money’ in shops), but ‘contactless’ credit card transaction levels have now increased to £45, now Even small transactions are accepted, such as a daily newspaper or a bottle of milk, which can be paid by card.
Did you know that there are already over 5,000 cryptocurrencies in use, with Bitcoin featuring prominently on that list? Bitcoin, in particular, has had a very volatile transaction history since it was first created in 2009. The digital cryptocurrency has seen a lot of action in its rather short lifespan. Bitcoin initially had almost no transactions. The first real price increase occurred in July 2010, when Bitcoin’s valuation rose from around $0.0008 to around $10,000 or more on a single coin basis. Since then, the currency has seen some major rallies and crashes. However, with the introduction of so-called “stable” coins — those backed by the U.S. dollar or even gold — the cryptocurrency’s volatility can now be contained.
But before we explore this new form of crypto-based e-commerce as a method of controlling and using our assets (including our “fiat” currency), let’s take a look at what has happened to banks themselves over the past 50 years or so. what a change.
Who remembers that good old checkbook? Before the advent of bank debit cards in 1987, checks were the primary method of transferring assets with others in business transactions. Then with bank debit cards and ATMs, access to fiat currency assets became faster and online commerce transactions became possible.
The ever-present problem with banks is that most of us need at least 2 personal bank accounts (a checking account and a savings account), and every business we own needs one. Also, try to “quickly” transfer money from your bank account to an overseas destination, like SWIFT!
Another issue is cost. Not only do we have to pay regular service fees for each bank account, but we also pay huge fees for each transaction, and of course, in rare cases, we can’t get any value of interest from the funds in the current account.
the most important is, overnight Trading nightly, using professional financial traders (or later artificial intelligence (AI) trading systems), all of our assets will be traded and with economies of scale, bank Be the main source of income for our property – but not us! Check out the potential business of “OVERNIGHT Trading”.
So in conclusion, not only are the banks charging high fees for storing and transferring our assets using clever trading techniques, they are also making huge profits trading our funds in overnight trades and we see no benefit.
Another point is – do you entrust all your assets to your bank?
Bank of Scotland, the national bank of Scotland and now owed by Lloyds Banking Group, was recently labeled in a press release in September that read “Lloyds Bank Asset Fraud – The worst financial scandal of modern times. “
Why not Google that site and decide for yourself?
So, now let’s take a look at how a crypto-based e-commerce system should work, and how banks can take advantage of being asset holders – America’s major profit centers, with our money!
10thday In October 2020, a major new cryptocurrency-based e-commerce company is launching – FREEBAY.
In short, Switzerland-based FreeBay is a company that uses its own blockchain technology, has its own SAFE encrypted coin (based on V999 technology), and enables its members to transfer their fiat assets into gold bars without any bank involved.
V999: Blockchain-enabled digital gold; digital token V999 backed by physical gold Gold (V999) is a digital asset. Each token is backed by tenths of a gram of gold bars, stored in vaults. If you own V999, you own the underlying physical gold in custody. Most importantly, FreeBay members can purchase packages that include powerful automated intelligent trading robots.
So now, not only can you be completely independent from standard banks, but you can also trade your digital gold assets in the form of V999 encrypted tokens on the OVERNIGHT system like a bank, Only now you, the asset holder, get rewarded, not the bank.
But there is another huge advantage to trading V999 tokens. because you will be generic Owners of tokens, therefore, like banks, will be charged a transaction fee every time they trade (i.e. sell) V999 tokens, such as buying Bitcoin or any other cryptocurrency. Regular owners of V999 tokens receive a fraction of this fee every time a transaction occurs.
Note that once a transaction occurs and V999 tokens are sold for Bitcoin or any other crypto coin, a small portion of this transaction fee will be paid to generic owner The token (ie you).Because Freebay aims to make V999 tokens one of the most popular secure cryptocurrencies, even after your tokens have been sold to another trader, you are still Universal owner of V999 tokenswhenever that token is traded by any other trader, It’s you – the general owner of the token who gets the transaction commission.
Not only can this create a great passive income For you, for life, but Willable for your descendants – without involving traditional banks anywhere.
Therefore, the more V999 tokens you buy and circulate, the bigger and better your residual income – not only for your entire life, but possibly your dependents – may become a reality.
Interested enough to learn more? Then click here.
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