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

Description

Banking, as we know it, has been in existence since the first currencies were minted-perhaps while before that, in some form or another. Currency, in particular coins, grew out of taxation. In the start of early empires, yearly taxation on one pig may have been sensible, but as empires expanded, this payment type became less appealing.

Banking, as we realize it
However, since the Covid situation, not only have we seemed to shift- Positive Many Meanings – to a “cashless” society, (as who wants to handle likely “dirty money” in a shop), and with “contactless” credit card transaction levels these days increased to £45, and these days even minor transactions accepted, for example a daily newspaper, or can of milk, get paid out by card.
Did you know that you will find over 5,000 crypto currencies in use probably and of them Bitcoin features highly in that list? Bitcoin, for example, has had a really volatile trading history since it was very first created in 2009. This electronic cryptocurrency has seen a great deal of action in its fairly short life. Bitcoins initially traded for virtually nothing. The first real price boost occurred in July 2010 when the valuation of a Bitcoin went from around $0.0008 to in the region of $10,000 or even more, because one coin. This particular currency has seen several major crashes and rallies since then. Nonetheless, with the release of what are called “Stable” coins – those backed by the US Dollar, and even Gold, this particular crypto currency volatility can easily right now be brought under control.
But before we explore this new form of Crypto-based E-Commerce, as a technique of controlling and using our assets, such as our “FIAT” currencies, let’s very first look at how the Banks themselves have changed over the past fifty years or so.
Who recalls the good old Cheque Book? Just before Bank Debit Cards arrived along, in 1987, cheques had been the main method of transferring assets with others, in commercial transactions. Next with Bank Debit Cards, along with ATM’s, getting hold of one’s FIAT assets became much quicker, and also for on-line industrial transactions.
The problem that has always been existing with Banks, is the majority of us required at least two personal bank accounts (a latest account, in addition to a Savings – http://Www.Gameinformer.com/search/searchresults.aspx?q=Savings account), and 1 for each business we owned. Additionally, attempting to move money from your bank account “swiftly” to express a place overseas, was anything like SWIFT!
The other issue was the price. Not merely did we have to spend a consistent blockfi customer service (why not try this out – http://shop.gmynsh.com/comment/html/?497502.html) cost on each Bank Account, we additionally had a hefty cost to pay on each transaction, as well as, of course, in extremely rare occasions we wouldn’t get any advantageous interest, on cash in our Current Account.
The other issue was the cost.
On top of all that, Overnight Trading, every night, using expert financial traders (or, latterly Artificial Intelligence (AI) Trading systems), most of the assets of ours will be traded, and with the economies of scale, the Banks evolved into a significant Earner on our assets – however, not us! Have a peek at the possible business to be produced- Positive Many Meanings – from “OVERNIGHT Trading”.

Overnight

the Banks
became a significant Earner on our assets – however, not us!
The other 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 take a look at the way a Crypto based E Commerce system should operate, and how the benefits that the Banks savored with OUR money, can be huge profit centre for the Asset Holders – US!

On 10th October 2020, a serious new Crypto based E Commerce company is being launched – FREEBAY
just now you, the asset holder, get the rewards, not the Banks.
But there’s even another excellent advantage of trading V999 Tokens.

Generic
Each time a transaction occurs, the generic master of the V999 token receives a tiny proportion of that Fee.

GENERIC OWNER

Generic owner of the V999 Token
it is you – the Generic Owner of that Token which will get paid the Trading Commission.

Passive Income