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

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

However, after the situation with Covid, not only do we seem to have moved to a “cashless” society (such as who wants to handle potentially “dirty money” in a store) and “contactless” levels of credit card transactions have now increased to £ 45, and now even small transactions 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 bitcoin is very different from this list? Bitcoin, in particular, has a very volatile trading history since it was first created in 2009. This digital cryptocurrency has seen a lot of action in its relatively short life. Initially, bitcoins were traded for almost nothing. The first real price increase occurred in July 2010, when the valuation of bitcoin went from about $ 0.0008 to about $ 10,000 or more for one coin. Since then, this currency has undergone some major rises and collapses. 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 bank debit cards appeared, in 1987, checks were the main way to transfer assets to others in commercial transactions. Then, with bank debit cards, along with ATMs, the acquisition of someone’s FIAT assets became much faster for online commercial transactions.

The problem that has always been with banks is that most of us needed at least 2 personal bank accounts (current account and savings account) and one for each business we owned. Besides, trying to move money from your bank account “quickly” to say a destination abroad was something like SWIFT!

The other issue was the price. Not only did we have to pay a regular service fee to each bank account, we also had a huge fee for each transaction and, of course, in very rare cases we would not receive any value interest on the money in our Current Account.

on top of that, Overnight Trading every night using expert financial traders (or, later artificial intelligence (AI) trading systems, all OUR assets will also be traded with economies of scale, banks became a big winner on our assets – but not us! Take a look at the potential business that can be done by OVERNIGHT Trading.

So to sum up, banks not only charge a huge fee for storing and moving our assets using smart trading techniques, but they also make solid profits from trading our money on the Overnight chain, which we don’t see any benefit for.

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

How about what the Bank of Scotland, which was the Scottish National Bank now owed to the Lloyds Banking Group, was recently outlined in a press release in September that said “Lloyds Bank asset fraud – the most serious financial scandal of modern times.

Why not Google this website and then make a decision?

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

10 years oldyou October 2020 launches a large new e-commerce company based on crypto – FREE.

In short, Switzerland-based FreeBay is a company that includes 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, eliminating the need to include any BANK.

V999: blockchain-authorized digital gold; digital token backed by physical gold V999 Gold (V999) is a digital asset. Each token is supported by one tenth of a fine gram gold bar stored in vaults. If you own a V999, you own the main physical gold in custody. In addition, FreeBay members can purchase packages that include powerful automated robots based on intelligence.

So now you can not only achieve complete independence from a standard BANK, but you can also trade, as banks, with your digital gold assets, in the form of V999 Crypto tokens, in OVERNIGHT systems, only now do you, the asset holder, receive the prizes, not the banks.

But there is another big advantage in trading V999 tokens. As you would be Generic owner of the token, so, like banks, every time a token V999 is traded (ie sold), say, to buy bitcoin or other cryptocurrency, a transaction fee is charged. Each time a transaction is made, the general owner of the V999 token receives a small percentage of this fee.

Note that after trading and selling a V999 token in exchange for bitcoin or another cryptocurrency, a small% of this transaction fee is paid to GENERIC OWNER of this token (ie YOU). Because Freebay’s goal is to make the V999 Token one of the most sought after secure crypto coins, even after your token has been sold to another merchant, as you are still Generic owner of the V999 tokenwhen this token is traded by another trader, You are – The general owner of this token, who receives a payment of the Trading Commission.

This can not only create great Passive income for you, for life, but is subordinate to your descendants – not a conventional bank involved anywhere.

So, the more V999 tokens you buy and put into circulation, the bigger and better with your residual income – not only for your entire life, but probably also for your addicts – can become a reality.

Interested enough to learn more? Then click here.