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

Banking as we know it, has been around since the first currencies were minted – perhaps even before that in some form or another. The monetary unit, in particular the coin, grew out of taxation. In the early days of ancient empires, an annual tax of one pig might have been reasonable, but as empires expanded, this type of payment became less desirable.

However, since the Covid situation we seem to have not only moved to a ‘cashless’ society (how does anyone want to handle potentially ‘dirty money’ in a shop) and the level of ‘contactless’ credit card transactions has now increased to £45 and is now even acceptable tiny transactions like the 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 of these, Bitcoin ranks high on the list? Bitcoin in particular has had a very volatile trading history since its inception in 2009. This digital cryptocurrency has seen a lot of action in its rather short life. Initially, bitcoins were traded almost worthless. The first real price increase occurred in July 2010, when the valuation of a single Bitcoin rose from about $0.0008 to $10,000 or more. Since then, the currency has experienced several major rallies and crashes. However, with the introduction of so-called “stable” coins – coins 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 past 50 years or so.

Who remembers the good old checkbook? Before the advent of bank debit cards in 1987, checks were the primary way to transfer assets to others in commercial transactions. Then with bank debit cards as well as ATMs, it became much faster to get hold of your FIAT assets as well as for online 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, for example abroad, was something like SWIFT!

Another problem was the price. Not only did we have to pay regular service fees on each bank account, we also had to pay a significant fee for each transaction, and of course, on very rare occasions, we didn’t earn any decent interest on the money in our Checking Account.

To all this, Overnight stay Trading every night using experienced financial traders (or, more recently, artificial intelligence (AI) trading systems), all OUR assets will be traded, and with economies of scale, banks became the main profit on our assets – but not us! Take a look at the potential business that can be done with “OVERNIGHT Trading”.

So, to sum it up, banks not only charge a lot for storing and moving our assets using smart trading methods, they also make a lot of profit from trading our money overnight, which we see no use for.

Another point is do you trust your bank with all your assets?

How about the fact that Bank of Scotland, which was the National Bank of Scotland, is now owned by Lloyds Banking Group, was recently flagged in a September press release that said “The Lloyds bank asset fraud is the most serious financial scandal of our time.’

Why not google this website and then decide?

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

At 10thousand New Major Crypto-Based E-Commerce Launches in October 2020 – FREEBAY.

In short, FreeBay, based in Switzerland, is a company that uses 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: Blockchain-enabled digital gold; digital token backed by physical gold V999 Gold (V999) is a digital asset. Each token is backed by one-tenth of a gram of gold bullion held in vaults. If you own V999, you own the underlying physical gold that is held in custody. Additionally, FreeBay members can purchase packages that include powerful intelligence-based automated trading robots.

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

But there is another great advantage of trading V999 tokens. How would you be? Private token holder, so like banks, whenever the V999 token is traded (ie sold), say to buy bitcoins or any other cryptocurrency, a transaction fee is charged. Every time a transaction occurs, the common holder of the V999 token receives a small percentage of this fee.

Please note that once a trade takes place and the V999 token is sold in exchange for, say, Bitcoin or any other cryptocurrency, a small transaction fee is paid ORDINARY OWNER of that token (ie YOU). Because Freebay’s goal is to make V999 token one of the most sought-after secure cryptocoins, even after your token has been sold to another trader, as you are still Common owner of the V999 tokenwhenever this token is traded by any other trader, it is you who is the common owner of this token who is paid the trading commission.

It can not only create a large Passive income for you, for life, but will be available to your descendants – and no ordinary bank is involved anywhere.

So the more V999 tokens you buy and put into circulation, the bigger and better your residual income – not just for life, but possibly for your dependents – can become a reality.

Are you curious enough to learn more? Then click here.