Banking, as we understand it, has been around since the first currencies were minted-possibly even earlier than that, in some form or every other. Currency, in particular coins, grew out of taxation. In the early days of historic empires, annual taxation on one pig may had been reasonable, but as empires accelerated, this form of payment became much less appropriate.
However, for the reason that Covid scenario, not only have we appeared to transport to a “cashless” society, (as who wants to manage doubtlessly “grimy money” in a shop), and with “contactless” credit card transaction levels now extended to £forty five, and now even tiny transactions widespread, together with a day by day newspaper, or bottle of milk, get paid by using card.
Did that there are over five,000 crypto currencies in use already and of them Bitcoin functions incredibly in that listing? Bitcoin, mainly, has had a completely risky trading history since it was first created in 2009. This digital cryptocurrency has visible lots of movement in its fairly quick life. Bitcoins initially traded for subsequent to nothing. The first actual charge boom took place in July 2010 when the valuation of a Bitcoin went from around $zero.0008 to in the vicinity of $10,000 or greater, for a unmarried coin. This foreign money has seen some main rallies and crashes given that then. However, with the creation of what are referred to as “Stable” coins – those subsidized through the US Dollar, or maybe Gold, this crypto foreign money volatility can now be delivered below control.
But before we explore this new shape of Crypto-primarily based E-Commerce, as a method of controlling and using our property, together with our “FIAT” currencies, let’s first look at how the Banks themselves have modified over the past 50 years or so.
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Who recalls the best vintage Cheque Book? Before Bank Debit Cards came alongside, in 1987, cheques have been the main manner of moving assets with others, in industrial transactions. Then with Bank Debit Cards, in conjunction with ATM’s, getting maintain of 1’s FIAT assets became loads faster, and for on-line industrial transactions.
The problem that has always been gift with Banks, is most people needed as a minimum 2 private bank accounts (a Current account, and a Savings account), and one for each commercial enterprise we owned. Also, trying to pass money out of your bank account “swiftly” to mention a destination overseas, was whatever like SWIFT!
The different problem was the value. Not only did we ought to pay a ordinary carrier fee on each Bank Account, we additionally had a hefty rate to pay on every transaction, and, of path, in very rare activities we’d no longer get any profitable interest, on cash in our Current Account.
On pinnacle of all that, Overnight Trading, each night time, the use of professional economic traders (or, latterly Artificial Intelligence (AI) Trading systems), all of OUR property would be traded, and with the economies of scale, the Banks became a Major Earner on our property – but now not us! Have a observe the capability enterprise to be made from “OVERNIGHT Trading”.
So, to summarise, no longer simplest do the Banks charge a hefty rate for storing, and moving our property, through the use of clever Trading strategies, in addition they make hefty income from trading our cash on the Overnight circuit, for which we see no benefit.
The different point is – do you trust your Bank with all of your property?
How approximately what Bank of Scotland, who had been THE Scotland National Bank, now owed through Lloyds Banking Group, were currently labled, in a September press launch that said “Lloyds Bank Asset Frauds – The Most Serious Financial Scandal of Modern Times.”
Why no longer Google that web website online, and then make your own thoughts up?
So, now let us test how a Crypto-based totally E-Commerce system have to function, and how the advantages that the Banks loved with OUR cash, can come to be fundamental earnings centre for the Asset Holders – US!
On 10th October 2020, a primary new Crypto-based E-Commerce agency is being released – FREEBAY.
Briefly, FreeBay, based in Switzerland, is a business enterprise incorporating its own Blockchain generation, with its personal SAFE Crypto Coin ( Based on V999 era ), and allows its individuals to transfer their FIAT assets into Gold Bullion, removing the want to contain any BANK.
V999: virtual gold empowered by way of the blockchain; a virtual token, sponsored by means of bodily gold V999 Gold (V999) is a virtual asset. Each token is sponsored by one 10th of a first-class gram gold bar, saved in vaults. If you personal V999, you personal the underlying physical gold, held in custody. On pinnacle of that, FreeBay members can purchase applications that include effective Automatic Intelligence-Based Trading Robots.
So now, you can not only achieve total independence from a popular BANK, however you could additionally exchange, like the Banks, your digital Gold property, in the shape of V999 Crypto tokens, at the OVERNIGHT structures, most effective now you, the asset holder, get the rewards, not the Banks.
But there may be even some other splendid gain in buying and selling V999 Tokens. As you will be the Generic proprietor of the token, so, just like the Banks, each time a V999 token is traded (i.E. Sold), say, to purchase Bitcoin, or another Crypto forex, a Transaction Fee is charged. Every time a transaction takes region, the widely wide-spread owner of the V999 token gets a small percent of that Fee.
Note, that once a Trade takes location, and a V999 Token is bought, in exchange for say Bitcoin, or some other Crypto coin, a small %age of that Transaction Fee is paid to the GENERIC OWNER of that token (i.E. YOU). Because Freebay’s objective is to make the V999 Token one of the maximum sought-after safe Crypto coins, even after your Token has been bought to another Trader, as you’re still the Generic owner of the V999 Token, whenever that Token is traded by any other Trader, it is you – the Generic Owner of that Token that gets paid the Trading Commission.
This could not best create a exceptional Passive Income for you, for lifestyles, but is Willable in your descendants – and now not a conventional financial institution worried anywhere.
So, the greater V999 Tokens you buy, and get into stream, the larger and higher with your Residual Income – for not simply your lifetime, however likely for your dependants – may want to come to be a fact.
Interested sufficient to discover greater? Then click on right here.
OK, in case you are searching to participate inside the new Crypto E-Commerce environment, the usage of effective Blockchain safety, moving your property from FIAT currencies, into virtual gold, with the all-new V999 Gold-subsidized Token Crypto Coin, just to guard, and grow your property, then you are already on a winner. Add to that, the truth which you are slicing out the intermediary (the Banks) – and their costs, in addition to buying and selling your very own assets overnight, the use of Robots, so that earnings is all yours. Then, as you exchange your V999 tokens, you get a small part of every trading transaction charge. But on pinnacle of that, whilst your Buyer then trades your Generically owned V999 tokens, you receives a commission a commission on that as nicely. All this producing on-going residual income. But then, what in case you unfold the word to others, and they be part of your team, you win once more – and again…