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

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, arose out of taxation. 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, not only do we seem to have moved to a ‘cashless’ society (like who wants to handle ‘dirty money’ potentially in a shop), and with the levels of credit card transactions ‘contactless’ now increased to £45, and now even accepted small transactions such as a newspaper or bottle of milk are paid for by card.

Did you know that there are already more than 5,000 cryptocurrencies in use and of them Bitcoin stands out on this 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 were initially traded for next to nothing. The first real price increase came in July 2010, when the valuation of a Bitcoin went from around $0.0008 to the region of $10,000 or more, for a single coin. Since then, this currency has experienced major ups and downs. However, with the introduction of so-called “stable” coins, those backed by the US dollar, or even gold, this cryptocurrency volatility can now be controlled.

But before we explore this new form of crypto-based e-commerce as a method to control and use 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 emergence of bank debit cards in 1987, checks were the main way of transferring assets with others, in business transactions. Then, with debit bank cards, along with ATMs, getting FIAT assets became much faster and for online business transactions.

The problem that has always been present 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 have. Also, trying to move money from your bank account “quickly” to say an overseas destination was akin to SWIFT!

The other issue was cost. Not only did we have to pay a recurring service charge on each bank account, but we also had a hefty fee to pay on each transaction, and of course, on very few occasions we would not get any worthwhile interest on the money from our Current account

In addition to all this, during the night By trading, nightly, using expert financial traders (or, more recently, Artificial Intelligence (AI) trading systems), all OUR assets will trade and with economies of scale, the banks he became a great beneficiary of our assets, but not us! Take a look at the possible business that can be done with “OVERNIGHT Trading”.

So, to summarize, banks not only charge a high fee to store and move our assets by using smart trading techniques, but also make huge profits by trading our money in the Overnight circuit, for which we see no benefit. .

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

How about what Bank of Scotland, which was THE National Bank of Scotland, now owned by Lloyds Banking Group, recently labeled itself, in a September press release that said “Lloyds Bank asset fraud: the worst financial scandal of modern times”.

Why not Google this website and then make up your mind?

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

the 10th In October 2020, a new crypto-based e-commerce company is launching: FREEBAY.

In short, Switzerland-based FreeBay is a company that incorporates 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 involve any BANK. .

V999: Digital gold powered by blockchain; a digital token, backed by physical gold V999 Gold (V999) is a digital asset. Each token is supported by a tenth of a gram fine gold bar, stored in the vaults. If you own V999, you own the underlying physical gold, held. Additionally, FreeBay members can purchase packages that include powerful AI-based trading robots.

So now, not only can you achieve full independence from a standard BANK, but you can also trade, like banks, your digital gold assets, in the form of Crypto V999 tokens, on the 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 the generic owner of the token, so like banks, every time it is traded (i.e. a V999 token is sold), for example to buy Bitcoin or any other Crypto currency, a Transaction Fee is charged. Each time a transaction is made, the generic owner of the V999 token receives a small percentage of this fee.

Please note that once a trade is made and a V999 token is sold, in exchange for eg Bitcoin, or any other cryptocurrency, a small percentage of this Transaction Fee is paid to the GENERIC OWNER of that witness (ie YOU). As Freebay’s goal is to make 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 the Generic owner of token V999provided that such Token is traded by any other merchant, it is you, the generic owner of this token that receives the trading commission.

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

So, the more V999 tokens you buy and put into circulation, the bigger and better your residual income is, not only for your life, but probably for your dependents.

Interested enough to learn more? Then click here.