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

Banking as we know it, has been around since the first currencies were coined – perhaps even before that, in one form or another. Currency, especially coins, grew out of taxation. In the early days of ancient empires, an annual tax of one pig may have been reasonable, but as empires expanded, this type of payment became less desirable.

However, since the Covid situation, not only have we seemed to have moved to a ‘cashless’ society (as who wants to handle potentially ‘dirty money’ in a shop), with the ‘contactless’ level of credit card transactions now increasing to £ 45, and now even small transactions that are accepted, such as a daily newspaper or a bottle of milk, are paid for by card.

Did you know that there are already over 5,000 cryptocurrencies in use and that 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 rather short life. Bitcoins initially traded for almost nothing. The first real increase in price happened in July 2010 when the value of Bitcoin went from about $0.0008 to about $10,000 or more, for a single coin. This currency has seen some big rallies and falls since then. However, with the introduction of so-called “stable” coins – those backed by the US dollar, or even gold, this cryptocurrency volatility can now be brought under control.

But before we explore this new form of crypto-based e-commerce as a method of controlling and using our assets, including our “FIAT” currencies, let’s first look at how banks themselves have changed over the last 50 years or so.

Who remembers the good old checkbook? Before the advent of bank debit cards in 1987, checks were the primary means of transferring funds to others in commercial transactions. Then with bank debit cards, along with ATMs, getting to one’s FIAT assets became much faster, and for on-line commercial transactions.

A problem that has always existed with banks is that most of us need at least 2 personal bank accounts (a checking account and a savings account) and one for each business we own. Also, trying to “quickly” transfer money from your bank account to say a destination abroad, was something like SWIFT!

Another issue was cost. Not only did we have to pay a regular service fee on each bank account, but we also had a hefty fee for each transaction, and of course on very rare occasions we would not get any profitable interest on the money in our checking account. Account.

on top of that, Overnight stay By trading, every night, using expert financial traders (or, later, artificial intelligence (AI) trading systems), all OUR assets would be traded, and with economies of scale, the Banks became the main earner of our property – but not us! See the potential business that can be made from “OVERNIGHT Trading”.

So to summarize, not only are the banks charging a large fee to store and move our assets, using smart trading techniques, they are also making a hefty profit trading our money on an overnight circuit, for which we see no benefit.

Another thing is – do you trust your bank with all your assets?

How about what the Bank of Scotland, which was the National Bank of Scotland, now owed by Lloyds Banking Group, recently flagged, in a September press release stating “The Lloyds Bank asset fraud – the most serious financial scandal of modern times.”

Why not google that website and then decide for yourself?

So let’s now look at how a crypto-based E-Commerce system should work and how the advantages that banks have enjoyed with OUR money can become a major profit center for asset owners – USA!

On the 10thth In October 2020, a new major crypto-based e-commerce company is launching – FREE.

In short, FreeBay, based in Switzerland, is a company that embeds its own Blockchain technology, with its own SAFE Crypto Coin (based on V999 technology), and allows its members to transfer their FIAT assets to Gold Bullion, removing the need for any BANK involvement.

V999: digital gold powered by blockchain; 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 bullion, stored in vaults. If you own V999, you own the underlying physical gold that is held in safekeeping. On top of that, FreeBay members can purchase packages that include powerful intelligence-based automated trading robots.

So now, not only can you achieve complete independence from a standard BANK, but you can also trade, like a Bank, your digital gold assets, in the form of V999 Crypto tokens, on the OVERNIGHT systems, only now you, the property owner, get the reward, not the banks.

But there is another great advantage of trading V999 tokens. As you would be Generic token holder, so like banks, every time a V999 token is traded (ie sold) to, say, buy Bitcoin, or any other cryptocurrency, a transaction fee is charged. Each time a transaction occurs, the generic V999 token holder receives a small percentage of that fee.

Note that when a trade happens and the V999 token is sold, in exchange for Bitcoin or any other crypto coin, a small percentage of that transaction fee is paid to GENERIC OWNER of that token (ie VI). Because Freebay’s goal is to make V999 token one of the most sought-after secure crypto coins, even after your token is sold to another merchant, because you are still Generic owner of V999 tokenswhenever that token is traded by any other trader, You are – the generic owner of that token who gets trading commission.

This could not only create a large Passive income to you, for life, but is subject to your descendants – and nowhere is a conventional bank involved.

So the more V999 tokens you buy and get into circulation, the bigger and better your residual income – not just for your lifetime, but probably for your family members too – could become a reality.

Interested enough to learn more? Then click here.