Will Crypto-Based E-Commerce Destroy the Dinosaur-Style Banking Industry?
Banking, as we know it, has been around since the first currencies were minted-perhaps already before that, in some form or another. money, in particular coins, grew out of taxation. In the early days of ancient empires, annual taxation on one pig may have been reasonable, but as empires expanded, this kind of payment became less desirable.
However, since the Covid situation, not only have we seemed to move to a “cashless” society, (as who wants to manager potentially “dirty money” in a shop), and with “contactless” credit card transaction levels now increased to £45, and now already tiny transactions accepted, such as a daily newspaper, or bottle of milk, get paid by card.
Did you know that there are over 5,000 crypto currencies in use already and of them Bitcoin features highly in that list? Bitcoin, in particular, has had a very volatile trading history since it was first produced in 2009. This digital cryptocurrency has seen a lot of action in its fairly 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 in the vicinity of $10,000 or more, for a single coin. This money has seen some major rallies and crashes since then. However, with the introduction of what are called “Stable” coins – those backed by the US Dollar, or already Gold, this crypto money volatility can now be brought under control.
But before we analyze 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 the edges themselves have changed over the last 50 years or so.
Who remembers the good old Cheque Book? Before Bank Debit Cards came along, in 1987, cheques were the main way of transferring assets with others, in commercial transactions. Then with Bank Debit Cards, along with ATM’s, getting keep up of one’s FIAT assets became a lot quicker, and for on-line commercial transactions.
The problem that has always been present with edges, is most of us needed at the minimum 2 personal bank accounts (a Current account, and a Savings account), and one for each business we owned. Also, trying to move money from your bank account “swiftly” to say a destination overseas, was anything like rapid!
The other issue was the cost. Not only did we have to pay a regular service charge on each Bank Account, we also had a hefty fee to pay on every transaction, and, of course, in very scarce occasions we would not get any worthwhile interest, on money in our Current Account.
On top of all that, Overnight Trading, every night, using expert financial traders (or, latterly Artificial Intelligence (AI) Trading systems), all of OUR assets would be traded, and with the economies of extent, the edges became a Major Earner on our assets – but not us! Have a look at the possible business to be made from “OVERNIGHT Trading”.
So, to summarise, not only do the edges charge a hefty fee for storing, and moving our assets, by the use of clever Trading techniques, they also make hefty profits from trading our money on the Overnight circuit, for which we see no assistance.
The other point is – do you trust your Bank with all your assets?
How about what Bank of Scotland, who were THE Scotland National Bank, now owed by Lloyds Banking Group, have been recently labled, in a September press release that stated “Lloyds Bank Asset Frauds – The Most Serious Financial Scandal of Modern Times.”
Why not Google that web site, and then make your own mind up?
So, now let us take a look at how a Crypto-based E-Commerce system should function, and how the advantages that the edges enjoyed with OUR money, can become major profit centre for the Asset Holders – US!
On 10th October 2020, a major new Crypto-based E-Commerce company is being launched – FREEBAY.
Briefly, FreeBay, based in Switzerland, is a company incorporating its own Blockchain technology, with its own SAFE Crypto Coin ( Based on V999 technology ), and enables its members to move their FIAT assets into Gold Bullion, removing the need to include any BANK.
V999: digital gold empowered by the blockchain; a digital token, backed by physical gold V999 Gold (V999) is a digital asset. Each token is backed by one tenth of a fine gram gold bar, stored in vaults. If you own V999, you own the inner physical gold, held in custody. On top of that, FreeBay members can buy packages that include powerful Automatic Intelligence-Based Trading Robots.
So now, you can not only unprotected to total independence from a standard BANK, but you can also trade, like the edges, your digital Gold assets, in the form of V999 Crypto tokens, on the OVERNIGHT systems, only now you, the asset holder, get the rewards, not the edges.
But there is already another great advantage in trading V999 Tokens. As you would be the Generic owner of the token, so, like the edges, every time a V999 token is traded (i.e. sold), say, to buy Bitcoin, or any other Crypto money, a Transaction Fee is charged. Every time a transaction takes place, the generic owner of the V999 token gets a small percentage of that Fee.
observe, that once a Trade takes place, and a V999 Token is sold, in exchange for say Bitcoin, or any other Crypto coin, a small %age of that Transaction Fee is paid to the GENERIC OWNER of that token (i.e. YOU). Because Freebay’s objective is to make the V999 Token one of the most sought-after safe Crypto coins, already after your Token has been sold to another Trader, as you are nevertheless the Generic owner of the V999 Token, whenever that Token is traded by any other Trader, it is you – the Generic Owner of that Token that gets paid the Trading Commission.
This could not only create a great Passive Income for you, for life, but is Willable to your descendants – and not a traditional bank involved anywhere.
So, the more V999 Tokens you buy, and get into circulation, the bigger and better with your Residual Income – for not just your lifetime, but probably for your dependants – could become a reality.
Interested enough to find out more? Then click here.