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

Banking as we know it, has been around since the first coins were minted, maybe even earlier, in one form or another. Currency, coins in particular, arose from 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, since the Covid situation, we not only seem to be moving to a “cashless” society (like who wants to handle potentially “dirty money” in a store), and with levels of “contactless” credit card transactions now increased to £45, and even small transactions, such as a newspaper or a bottle of milk, paid for by card are now accepted.

Did you know that there are already more than 5000 cryptocurrencies 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 rather short life. Bitcoins 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 rallies and falls since then. However, with the introduction of what are called “stable” currencies, those backed by the US dollar or even gold, this crypto currency volatility can now be controlled.

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 in the last 50 years or so.

Who remembers the good old check book? Before the appearance of Bank Debit Cards, in 1987, the check was the main way of transferring assets with others, in commercial 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 owned. Also, trying to move money from your bank account “quickly” to say a foreign destination, was something like SWIFT!

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

Besides all that, overnight Trading, every night, using expert financial traders (or, more recently, artificial intelligence (AI) trading systems), all OUR assets would be traded, and with the economies of scale, the banks it became one of the main sources of income for our assets, but not for us! Take a look at the potential business that can be done with “Overnight Trading”.

So, to summarize, not only do banks charge a hefty fee for storing and moving our assets by using clever trading techniques, but they also make huge profits by exchanging our money on the Overnight circuit, for which we see no benefit. .

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

How about what has recently been labeled Bank of Scotland, which was THE National Bank of Scotland, now owed by Lloyds Banking Group, in a September press release that said “Lloyds Bank Asset Frauds: The Most Serious 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 that banks enjoyed with OUR money can become a major profit center for asset holders – the USA! USA!

the 10the October 2020, a new major crypto-based e-commerce company will be launched: FREEBAY.

Briefly, Switzerland-based FreeBay is a company that incorporates its own Blockchain technology, with its own SAFE crypto currency (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 a tenth of a fine gram gold bar, stored in vaults. If you own V999, you own the underlying physical gold, held in escrow. In addition to that, FreeBay members can purchase packages that include powerful trading robots based on machine intelligence.

So, now, not only can you achieve the total of a standard BANK, but you can also trade independently, like banks, your gold digital assets, in the form of V999 crypto tokens, on OVERNIGHT systems, only now you, the asset holder, get the rewards, not the banks.

But there is even another great advantage in trading V999 tokens. how would you be Generic owner of the token, so just like banks, every time a V999 token is traded (i.e. sold), for example to buy Bitcoin or any other cryptocurrency, a transaction fee is charged. Every time a transaction is made, the generic owner of the V999 token gets a small percentage of that fee.

Please note that once a transaction takes place and a V999 token is sold, in exchange for, say, Bitcoin or any other crypto currency, a small percentage of that transaction fee is paid to the GENERIC OWNER of that token (ie YOU). Because Freebay’s goal is to make the V999 token one of the most sought after secure cryptocurrencies, even after your token has been sold to another merchant, as you remain the Generic owner of the V999 Tokenas long as that Token is traded by any other Trader, it is you, the generic owner of that token, who receives the trading commission payment.

This could not only create a great passive income for you, for life, but it is Willable for your descendants, and not a conventional bank involved anywhere.

Therefore, the more V999 tokens you buy and go into circulation, the higher and better your residual income, not only for your life, but probably for your dependents, could become a reality.

Interested enough to find out more? Then click here.