Banking, as we all know it, has been round because the first currencies had been minted-perhaps even earlier than that, in some type or one other. Foreign money, particularly cash, grew out of taxation. Within the early days of historical empires, annual taxation on one pig might have been cheap, however as empires expanded, any such cost turned much less fascinating.
Nevertheless, because the Covid scenario, not solely have we appeared to maneuver to a “cashless” society, (as who desires to deal with doubtlessly “soiled cash” in a store), and with “contactless” bank card transaction ranges now elevated to £45, and now even tiny transactions accepted, corresponding to a every day newspaper, or bottle of milk, receives a commission by card.
Do you know that there are over 5,000 crypto currencies in use already and of them Bitcoin options extremely in that listing? Bitcoin, particularly, has had a really risky buying and selling historical past because it was first created in 2009. This digital cryptocurrency has seen loads of motion in its pretty quick life. Bitcoins initially traded for subsequent to nothing. The primary actual value enhance occurred in July 2010 when the valuation of a Bitcoin went from round $0.0008 to within the area of $10,000 or extra, for a single coin. This forex has seen some main rallies and crashes since then. Nevertheless, with the introduction of what are referred to as “Steady” cash – these backed by the US Greenback, and even Gold, this crypto forex volatility can now be introduced below management.
However earlier than we discover this new type of Crypto-based E-Commerce, as a technique of controlling and utilizing our belongings, together with our “FIAT” currencies, let’s first take a look at how the Banks themselves have modified over the past 50 years or so.
Who remembers the great outdated Cheque Guide? Earlier than Financial institution Debit Playing cards got here alongside, in 1987, cheques had been the principle approach of transferring belongings with others, in business transactions. Then with Financial institution Debit Playing cards, together with ATM’s, getting maintain of 1’s FIAT belongings turned rather a lot faster, and for on-line business transactions.
The issue that has at all times been current with Banks, is most of us wanted not less than 2 private financial institution accounts (a Present account, and a Financial savings account), and one for every enterprise we owned. Additionally, making an attempt to maneuver cash out of your checking account “swiftly” to say a vacation spot abroad, was something like SWIFT!
The opposite problem was the price. Not solely did we’ve to pay an everyday service cost on every Financial institution Account, we additionally had a hefty payment to pay on each transaction, and, after all, in very uncommon events we might not get any worthwhile curiosity, on cash in our Present Account.
On high of all that, In a single day Buying and selling, each night time, utilizing knowledgeable monetary merchants (or, latterly Synthetic Intelligence (AI) Buying and selling techniques), all of OUR belongings can be traded, and with the economies of scale, the Banks turned a Main Earner on our belongings – however not us! Take a look on the potential enterprise to be created from “OVERNIGHT Buying and selling”.
So, to summarise, not solely do the Banks cost a hefty payment for storing, and shifting our belongings, by way of intelligent Buying and selling methods, in addition they make hefty income from buying and selling our cash on the In a single day circuit, for which we see no profit.
The opposite level is – do you belief your Financial institution with all of your belongings?
How about what Financial institution of Scotland, who had been THE Scotland Nationwide Financial institution, now owed by Lloyds Banking Group, have been just lately labled, in a September press launch that said “Lloyds Financial institution Asset Frauds – The Most Severe Monetary Scandal of Trendy Instances.”
Why not Google that website, after which make your personal thoughts up?
So, now allow us to check out how a Crypto-based E-Commerce system ought to function, and the way the benefits that the Banks loved with OUR cash, can develop into main revenue centre for the Asset Holders – US!
On 10th October 2020, a significant new Crypto-based E-Commerce firm is being launched – FREEBAY.
Briefly, FreeBay, primarily based in Switzerland, is an organization incorporating its personal Blockchain know-how, with its personal SAFE Crypto Coin ( Based on V999 technology ), and allows its members to switch their FIAT belongings into Gold Bullion, eradicating the necessity to contain any BANK.
V999: digital gold empowered by the blockchain; a digital token, backed by bodily gold V999 Gold (V999) is a digital asset. Every token is backed by one tenth of a high-quality gram gold bar, saved in vaults. Should you personal V999, you personal the underlying bodily gold, held in custody. On high of that, FreeBay members should purchase packages that embody highly effective Automated Intelligence-Primarily based Buying and selling Robots.
So now, you cannot solely obtain complete independence from an ordinary BANK, however you may also commerce, just like the Banks, your digital Gold belongings, within the type of V999 Crypto tokens, on the OVERNIGHT techniques, solely now you, the asset holder, get the rewards, not the Banks.
However there’s even one other nice benefit in buying and selling V999 Tokens. As you’d be the Generic proprietor of the token, so, just like the Banks, each time a V999 token is traded (i.e. offered), say, to buy Bitcoin, or another Crypto forex, a Transaction Price is charged. Each time a transaction takes place, the generic proprietor of the V999 token will get a small share of that Price.
Notice, that when a Commerce takes place, and a V999 Token is offered, in change for say Bitcoin, or another Crypto coin, a small %age of that Transaction Price is paid to the GENERIC OWNER of that token (i.e. YOU). As a result of Freebay’s goal is to make the V999 Token probably the most sought-after secure Crypto cash, even after your Token has been offered to a different Dealer, as you’re nonetheless the Generic proprietor of the V999 Token, each time that Token is traded by another Dealer, it’s you – the Generic Proprietor of that Token that will get paid the Buying and selling Fee.
This might not solely create an incredible Passive Revenue for you, for all times, however is Willable to your descendants – and never a traditional financial institution concerned anyplace.
So, the extra V999 Tokens you purchase, and get into circulation, the larger and higher along with your Residual Revenue – for not simply your lifetime, however in all probability in your dependants – might develop into a actuality.
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