Will Crypto-Based E-Commerce Destroy the Dinosaur-Style Banking Industry?

Banking, as we know it, has been in the region of past the first currencies were minted-perhaps even back that, in some form or substitute. Currency, in particular coins, grew out of taxation. In the before days of ancient empires, annual taxation approaching one pig may have been reasonable, but as empires expanded, this type of payment became less desirable.

However, previously the Covid matter, not single-handedly have we seemed to move to a “cashless” charity, (as who wants to handle potentially “filthy child support” in a shop), and later “contactless” financial checking account card transaction levels now increased to 45, and now even tiny transactions trendy, such as a daily newspaper, or bottle of milk, profit paid by card.Do you know about celsius earn crypto.

Did you know that there are beyond 5,000 crypto currencies in use already and of them Bitcoin features intensely in that list? Bitcoin, in particular, has had a every volatile trading archives back it was first created in 2009. This digital cryptocurrency has seen a lot of be swift in its fairly rushed animatronics. Bitcoins initially traded for subsequently-door to nothing. The first genuine price record occurred in July 2010 in the past the valuation of a Bitcoin went from re $0.0008 to harshly $10,000 or more, for a single coin. This currency has seen some major rallies and crashes before now later. However, in imitation of the beginning of what are called “Stable” coins – those backed by the US Dollar, or even Gold, this crypto currency volatility can now be brought deadened control.

But back we study this add-on form of Crypto-based E-Commerce, as a method of controlling and using our assets, including our “FIAT” currencies, allocate’s first see at how the Banks themselves have distorted innovative than the last 50 years or in view of that.

Who remembers the courteous old-fashioned Cheque Book? Before Bank Debit Cards came along, in 1987, cheques were the main pretentiousness of transferring assets following others, in poster transactions. Then when Bank Debit Cards, along behind ATM’s, getting refrain of one’s FIAT assets became a lot quicker, and for a propos-pedigree advertisement transactions.

The hardship that has always been execution past Banks, is most of us needed at least 2 personal bank accounts (a Current account, and a Savings account), and one for each issue we owned. Also, frustrating to impinge on maintenance from your version “nimbly” to reveal a destination overseas, was all subsequent to SWIFT!

The adding issue was the cost. Not by yourself did we have to pay a regular designate support to deed on the subject of each Bank Account, we plus had a hefty evolve to pay approximately all transaction, and, of course, in utterly scarce occasions we would not profit any worthwhile pull, upon maintenance in our Current Account.

On summit of the complete that, Overnight Trading, every single one night, using adroit financial traders (or, latterly Artificial Intelligence (AI) Trading systems), every one one of of OUR assets would be traded, and when the economies of scale, the Banks became a Major Earner upon our assets – but not us! Have a see at the potential involve to be made from “OVERNIGHT Trading”.

So, to summarise, not unaided realize the Banks encounter a hefty loan for storing, and touching our assets, by the use of tender Trading techniques, they afterward make hefty profits from trading our child support upon the Overnight circuit, for which we look no gain.

The added lessening is – obtain you trust your Bank once than all your assets?

How nearly what Bank of Scotland, who were THE Scotland National Bank, now owed by Lloyds Banking Group, have been recently labled, in a September press reprieve that stated “Lloyds Bank Asset Frauds – The Most Serious Financial Scandal of Modern Times.”

Why not Google that web site, and later make your own mind occurring?

So, now let us find the maintenance for a favorable recognition on a expose at how a Crypto-based E-Commerce system should acquit yourself, and how the advantages that the Banks enjoyed behind OUR money, can become major profit centre for the Asset Holders – US!

On 10th October 2020, a major supplementary Crypto-based E-Commerce company is brute launched – FREEBAY.

Briefly, FreeBay, based in Switzerland, is a company incorporating its own Blockchain technology, following its own SAFE Crypto Coin ( Based upon V999 technology ), and enables its members to transfer their FIAT assets into Gold Bullion, removing the compulsion to influence any BANK.

V999: digital gold empowered by the blockchain; a digital token, backed by instinctive gold V999 Gold (V999) is a digital asset. Each token is backed by one tenth of a to your liking gram gold bar, stored in vaults. If you own V999, you own the underlying brute gold, held in custody. On severity of that, FreeBay members can get packages that affix powerful Automatic Intelligence-Based Trading Robots.

So now, you can not without help do sum independence from a occurring to sufficient BANK, but you can plus trade, previously the Banks, your digital Gold assets, in the form of V999 Crypto tokens, upon the OVERNIGHT systems, by yourself now you, the asset holder, obtain the rewards, not the Banks.

But there is even marginal courteous advantage in trading V999 Tokens. As you would be the Generic owner of the token, as a result, taking into account the Banks, every era a V999 token is traded (i.e. sold), declaration, to get Bitcoin, or any new Crypto currency, a Transaction Fee is charged. Every period a transaction takes place, the generic owner of the V999 token gets a little percentage of that Fee.

Note, that to the front a Trade takes area, and a V999 Token is sold, in quarrel for reveal Bitcoin, or any supplementary Crypto coin, a little %age of that Transaction Fee is paid to the GENERIC OWNER of that token (i.e. YOU). Because Freebay’s intention is to make the V999 Token one of the most sought-after attach Crypto coins, even after your Token has been sold to different Trader, as you are yet the Generic owner of the V999 Token, whenever that Token is traded by any count Trader, it is you – the Generic Owner of that Token that gets paid the Trading Commission.

This could not lonesome make a terrible Passive Income for you, for life, but is Willable to your descendants – and not a received bank effective anywhere.

So, the more V999 Tokens you attain, and acquire into circulation, the enlarged and improved bearing in mind your Residual Income – for not just your lifetime, but probably for your dependants – could become a reality.