Will Crypto Based E-Commerce Destroy the Dinosaur Style Banking Industry?

Description

Banking, as we realize it, has been around since the very first currencies were minted-perhaps while prior to that, in some type or another. Currency, specifically coins, grew from taxation. In the beginning of ancient empires, annual taxation on one pig might have been reasonable, but as empires expanded, this type of payment started to be less desirable.

Banking, as we understand – http://www.blogher.com/search/apachesolr_search/understand it
However, since the Covid situation, not just have we looked to shift- Positive Many Meanings – to a “cashless” society, (as who wants to deal with potentially “dirty money” in a shop), and with “contactless” credit card transaction levels these days improved to £45, and today possibly tiny transactions accepted, for example a daily newspaper, or can of milk, get paid by card.
Did you fully grasp that you can get over 5,000 crypto currencies in use probably and of them Bitcoin features highly in that list? Bitcoin, in particular, has had a really volatile trading record since it was very first created in 2009. This digital cryptocurrency has seen a lot of action in its relatively short life. Bitcoins initially traded for close to nothing. The initial actual price surge occurred in July 2010 when the valuation of any Bitcoin went from around $0.0008 to in the area of $10,000 or much more, blockfi exchange fees (just click the up coming website – http://flegoo.com/user/profile/49844) because one coin. This particular currency has seen several major crashes and rallies since then. Nonetheless, with the release of what exactly are known as “Stable” coins – those backed by the US Dollar, and even Gold, this particular crypto currency volatility could right now be brought under control.
But just before we explore this new form of Crypto based E-Commerce, as a strategy of controlling and using our assets, such as our “FIAT” currencies, let’s first look at how the Banks themselves have changed over the past 50 years or so.
Who remembers the good old Cheque Book? Before Bank Debit Cards came along, in 1987, cheques were the primary means of transferring assets with other people, in commercial transactions. Then with Bank Debit Cards, along with ATM’s, getting hold of one’s FIAT property grew to become much faster, as well as for on-line industrial transactions.
The problem which has constantly been present with Banks, is the majority of us wanted at the very least 2 personal bank accounts (a latest account, and a Savings account), plus 1 for every business we owned. Furthermore, trying to move money out of your bank account “swiftly” to say a place overseas, was something like SWIFT!
The other problem was the cost. Not just did we have to pay a regular service cost on each Bank Account, we also received a hefty expense to shell out on each transaction, as well as, of course, in very rare occasions we would not get any worthwhile interest, on money in the Current Account of ours.
The other problem was the cost.
On top of all that, Overnight Trading, every night, using professional monetary traders (or, latterly Artificial Intelligence (AI) Trading systems), almost all of the assets of ours will be traded, along with the economies of scale, the Banks evolved into an important Earner on our property – however, not us! Have a glimpse at the prospective business to be made from “OVERNIGHT Trading”.

Overnight

the Banks
evolved into a major Earner on the assets of ours – however, not us!
The additional issue is – do you trust the Bank of yours with all the assets of yours?
Lloyds Bank Asset Frauds – Probably The Most Serious Financial Scandal of Modern Times.”
So, right now let us have a look at the way a Crypto based E-Commerce structure should operate, as well as how the benefits that the Banks savored with The money of ours, can become huge profit centre for the Asset Holders – US!

On 10th October 2020, a serious brand new Crypto-based E-Commerce company is now being launched – FREEBAY
only today you, the asset holder, get the benefits, not the Banks.
But there’s actually another great advantage in trading V999 Tokens.

Generic
Whenever a transaction takes place, the generic master of the V999 token gets a small proportion of that Fee.

GENERIC OWNER

Generic proprietor of the V999 Token
it is you – the Generic Owner of that Token that gets paid the Trading Commission.

Passive Income