Banking, as we know it, has been about considering that the first currencies had been minted-maybe even ahead of that, in some kind or yet another. Currency, in certain cash, grew out of taxation. In the early days of historic empires, annual taxation on 1 pig may possibly have been affordable, but as empires expanded, this kind of payment became less fascinating.
Even so, since the Covid predicament, not only have we appeared to transfer to a “cashless” society, (as who needs to manage possibly “soiled income” in a store), and with “contactless” credit history card transaction stages now increased to £45, and now even small transactions recognized, these kinds of as a every day newspaper, or bottle of milk, get compensated by card.
Did you know that there are above five,000 crypto currencies in use already and of them Bitcoin functions highly in that listing? Bitcoin, in particular, has had a really unstable investing background considering that it was very first developed in 2009. This digital cryptocurrency has seen a whole lot of motion in its pretty limited lifestyle. Bitcoins to begin with traded for subsequent to nothing. The first genuine value increase happened in July 2010 when the valuation of a Bitcoin went from all around $.0008 to in the area of $ten,000 or far more, for a one coin. This forex has witnessed some significant rallies and crashes since then. Nevertheless, with the introduction of what are named “Secure” cash – people backed by the US Greenback, or even Gold, this crypto forex volatility can now be brought underneath control.
But just before we investigate this new kind of Crypto-based mostly E-Commerce, as a approach of controlling and employing our property, such as our “FIAT” currencies, let us very first look at how the Banks them selves have modified in excess of the final 50 a long time or so.
Who remembers the great outdated Cheque E-book? Just before Lender Debit Playing cards arrived along, in 1987, cheques had been the major way of transferring assets with other individuals, in business transactions. Then with Lender Debit Playing cards, together with ATM’s, obtaining maintain of one’s FIAT property turned a great deal faster, and for on-line business transactions.
The issue that has often been current with Banks, is most of us needed at the very least 2 personalized bank accounts (a Recent account, and a Personal savings account), and one particular for each and every business we owned. Also, striving to transfer cryptocurrency exchange without kyc from your bank account “quickly” to say a location overseas, was everything like SWIFT!
The other concern was the value. Not only did we have to pay out a typical services charge on every Lender Account, we also experienced a significant fee to shell out on every transaction, and, of course, in really rare occasions we would not get any worthwhile interest, on money in our Existing Account.
On top of all that, Overnight Trading, each night, making use of professional monetary traders (or, latterly Artificial Intelligence (AI) Investing programs), all of OUR property would be traded, and with the economies of scale, the Banking companies grew to become a Main Earner on our assets – but not us! Have a search at the prospective company to be made from “Right away Buying and selling”.
So, to summarise, not only do the Financial institutions charge a hefty fee for storing, and relocating our property, by the use of clever Investing tactics, they also make hefty profits from investing our money on the Overnight circuit, for which we see no gain.
The other level is – do you trust your Bank with all your belongings?
How about what Bank of Scotland, who had been THE Scotland Nationwide Lender, now owed by Lloyds Banking Team, have been lately labled, in a September push launch that said “Lloyds Financial institution Asset Frauds – The Most Severe Monetary Scandal of Present day Occasions.”
Why not Google that internet website, and then make your possess thoughts up?
So, now permit us get a seem at how a Crypto-based E-Commerce system should function, and how the positive aspects that the Financial institutions loved with OUR cash, can become key revenue centre for the Asset Holders – US!
On 10th Oct 2020, a main new Crypto-dependent E-Commerce company is getting introduced – FREEBAY.
Briefly, FreeBay, primarily based in Switzerland, is a organization incorporating its very own Blockchain technology, with its very own Secure Crypto Coin ( Dependent on V999 technology ), and allows its associates to transfer their FIAT assets into Gold Bullion, removing the want to include any Lender.
V999: digital gold empowered by the blockchain a electronic token, backed by actual physical gold V999 Gold (V999) is a digital asset. Every single token is backed by one particular tenth of a wonderful gram gold bar, saved in vaults. If you personal V999, you personal the fundamental actual physical gold, held in custody. On leading of that, FreeBay customers can purchase offers that consist of effective Automated Intelligence-Dependent Buying and selling Robots.
So now, you can not only accomplish whole independence from a common Financial institution, but you can also trade, like the Banking companies, your digital Gold assets, in the kind of V999 Crypto tokens, on the Overnight programs, only now you, the asset holder, get the rewards, not the Banks.
But there is even yet another wonderful advantage in investing V999 Tokens. As you would be the Generic operator of the token, so, like the Banking companies, each and every time a V999 token is traded (i.e. marketed), say, to obtain Bitcoin, or any other Crypto currency, a Transaction Payment is billed. Every single time a transaction requires place, the generic operator of the V999 token gets a modest share of that Charge.
Observe, that once a Trade requires spot, and a V999 Token is offered, in exchange for say Bitcoin, or any other Crypto coin, a tiny %age of that Transaction Charge is paid out to the GENERIC Proprietor of that token (i.e. YOU). Because Freebay’s aim is to make the V999 Token a single of the most sought-following secure Crypto coins, even following your Token has been marketed to yet another Trader, as you are even now the Generic owner of the V999 Token, each time that Token is traded by any other Trader, it is you – the Generic Owner of that Token that gets compensated the Trading Fee.
This could not only develop a fantastic Passive Cash flow for you, for lifestyle, but is Willable to your descendants – and not a standard financial institution involved anywhere.
So, the far more V999 Tokens you buy, and get into circulation, the even bigger and much better with your Residual Cash flow – for not just your life span, but possibly for your dependants – could grow to be a reality.