Will cryptocurrency-based e-commerce destroy the dinosaur-style banking industry?

Banking, as we know it, has been around since the first coins were minted, perhaps even earlier, in one form or another. Currency, particularly coins, grew out of taxes. In the early days of ancient empires, annual taxes on a pig may have been reasonable, but as empires expanded, this type of payment became less desirable.

However, from the Covid situation, we not only seem to move to a “cashless” society (like who wants to potentially handle “dirty money” in a store), and with the levels of “contactless” credit card transactions now increased to £ 45, and now even accepted small transactions, such as a daily newspaper or a bottle of milk, are paid by card.

Did you know that there are already more than 5,000 crypto currencies in use and of them Bitcoin is high on that list? Bitcoin, in particular, has had a very volatile trading history since it was first created in 2009. This digital cryptocurrency has seen a lot of action in its fairly short life. Bitcoins were initially traded for next to nothing. The first real price increase occurred in July 2010 when the valuation of a Bitcoin went from around $ 0.0008 to around $ 10,000 or more, for a single coin. This coin has seen some major spikes and drops since then. However, with the introduction of so-called “stable” currencies, those backed by the US dollar or even gold, this volatility of the crypto currency can now be controlled.

But before exploring this new form of cryptocurrency-based e-commerce, as a method of controlling and using our assets, including our “FIAT” currencies, let’s first see how the banks themselves have changed over the last 50 years.

Who remembers the old check book? Before bank debit cards appeared in 1987, checks were the main way to transfer assets with others, in business transactions. Then with bank debit cards, along with ATMs, getting hold of one’s FIAT assets became much faster and for online business transactions.

The problem that has always been present with banks is that most of us needed at least 2 personal bank accounts (a checking account and a savings account) and one for each business we had. Also, trying to move money out of your bank account “quickly” to say a foreign destination, it was kind of like SWIFT!

The other problem was the cost. Not only did we have to pay a regular service charge on each bank account, but we also had to pay a hefty fee on each transaction and of course on very rare occasions we would not earn any worthwhile interest on the money in our current Account.

On top of all that Overnight Trading, every night, using expert financial traders (or, later, Artificial Intelligence (AI) trading systems), all OUR assets would be traded, and with the economies of scale, the banks became one of the main sources of income for our assets, but not us! Take a look at the potential business that can be made from “OVERNIGHT Trading”.

So to summarize, banks not only charge a hefty fee for storing and moving our assets by using smart trading techniques, but they also make huge profits by exchanging our money on the Overnight circuit, for which we don’t see any benefits. . .

The other point is: do you trust your bank with all your assets?

How about what Bank of Scotland, which was THE Scotland National Bank, now owed by Lloyds Banking Group, has recently been tagged, in a September press release that said “Lloyds Bank Asset Fraud: The Gravest Financial Scandal of Modern Times “.

Why not Google that website and then make a decision?

So, now let’s take a look at how a crypto-based e-commerce system should work, and how the advantages banks enjoyed with OUR money can become a major profit center for asset holders – USA! USA!

The 10th October 2020, Major New Crypto-Based E-Commerce Company Launches – FREEBAY.

In short, FreeBay, based in Switzerland, is a company that incorporates its own Blockchain technology, with its own crypto currency SAFE (based on V999 technology), and allows its members to transfer their FIAT assets to Gold Bullion, eliminating the need to involve any BANK. .

V999: blockchain-powered digital gold; a digital token, backed by physical gold V999 Gold (V999) is a digital asset. Each token is backed by one-tenth of a fine gram gold bar, stored in vaults. If you own V999, you own the underlying physical gold, which is in escrow. On top of that, FreeBay members can purchase packages that include powerful automated intelligence-based trading robots.

So now, you can not only achieve full independence from a standard BANK, but you can also trade, like Banks, your Gold digital assets, in the form of V999 Crypto tokens, on OVERNIGHT systems, only now you, the owner of the assets, get the rewards, not the Banks.

But there is another great advantage in the V999 token exchange. How would you be Generic owner of the token, so like banks, every time a V999 token is traded (i.e. sold), for example to buy Bitcoin or any other crypto currency, a transaction fee is charged. Every time a transaction takes place, the generic V999 token owner gets a small percentage of that fee.

Note that once an exchange is made and a V999 token is sold, in exchange for, for example, Bitcoin or any other crypto currency, a small percentage of that transaction fee is paid to the GENERIC OWNER from that token (i.e. YOU). Because the goal of Freebay is to make the V999 Token one of the most sought-after safe cryptocurrencies, even after your Token has been sold to another merchant, as you are still the Generic V999 Token Owner, as long as that Token is traded by any other merchant, it is you, the generic owner of that token who is paid the trading commission.

This could not only create a great Passive income for you, for life, but it’s Willable to your descendants, and not a conventional bank involved anywhere.

Therefore, the more V999 Tokens you buy and put into circulation, the bigger and better your Residual Income will be, not only during your lifetime, but probably for your dependents, which could become a reality.

Are you interested enough to know more? Then click here.

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