Banking, as we are aware of it, has been around since the first currencies were minted-perhaps even before that, in a few form or every other. Currency, especially cash, grew out of taxation. In the early days of ancient empires, annual taxation on one pig may have been reasonable, but as empires multiplied, this kind of price became much less applicable.
However, because the Covid situation, now not simplest have we appeared to move to a “cashless” society, (as who desires to deal with doubtlessly “dirty money” in a shop), and with “contactless” credit score card transaction stages now elevated to £45, and now even tiny transactions standard, together with a day by day newspaper, or bottle of milk, get paid via card.
Did you understand that there are over five,000 crypto currencies in use already and of them Bitcoin features surprisingly in that list? Bitcoin, specially, has had a totally unstable buying and selling records because it was first created in 2009. This virtual cryptocurrency has visible loads of action in its pretty quick lifestyles. Bitcoins initially traded for subsequent to nothing. The first real price growth took place in July 2010 whilst the valuation of a Bitcoin went from around $0.0008 to in the place of $10,000 or extra, for a single coin. This forex has seen some main rallies and crashes due to the fact then. However, with the creation of what are known as “Stable” coins – those sponsored by means of the USA Dollar, or maybe Gold, this crypto currency volatility can now be introduced beneath manipulate.
But earlier than we explore this new shape of Crypto-based E-Commerce, as a method of controlling and the usage of our belongings, such as our “FIAT” currencies, let’s first examine how the Banks themselves have modified over the past 50 years or so.
Who remembers the best old Cheque Book? Before Bank Debit Cards came along, in 1987, cheques had been the primary way of shifting assets with others, in industrial transactions. Then with Bank Debit Cards, in conjunction with ATM’s, getting keep of 1’s FIAT assets became lots quicker, and for on line business transactions.
The problem that has constantly been gift with Banks, is most folks wanted at the least 2 personal financial institution debts (a Current account, and a Savings account), and one for each commercial enterprise we owned. Also, seeking to flow cash out of your financial institution account “swiftly” to say a destination remote places, turned into whatever like SWIFT!
The different difficulty become the value. Not most effective did we should pay a regular carrier rate on each Bank Account, we also had a hefty fee to pay on every transaction, and, of route, in very uncommon activities we might no longer get any worthwhile interest, on cash in our Current Account.
On pinnacle of all that, Overnight Trading, each night time, using expert economic buyers (or, latterly Artificial Intelligence (AI) Trading systems), all of OUR property could be traded, and with the economies of scale, the Banks became a Major Earner on our property – but not us! Have a look at the potential commercial enterprise to be made from “OVERNIGHT Trading”.
So, to summarise, no longer only do the Banks charge a hefty rate for storing, and moving our assets, by using clever Trading techniques, in addition they make hefty earnings from buying and selling our cash at the Overnight circuit, for which we see no benefit.
The different factor is – do you accept as true with your Bank with all of your assets?
How about what Bank of Scotland, who have been THE Scotland National Bank, now owed by Lloyds Banking Group, were these days labled, in a September press release that said “Lloyds Bank Asset Frauds – The Most Serious Financial Scandal of Modern Times.”
Why no longer Google that internet website online, and then make your own mind up?
So, now allow us to test how a Crypto-primarily based E-Commerce device should function, and the way the advantages that the Banks loved with OUR cash, can turn out to be fundamental profit centre for the Asset Holders – US!
On 10th October 2020, a major new Crypto-based E-Commerce organisation is being released – FREEBAY.
learn the knowledge of gambling games
Briefly, FreeBay, based totally in Switzerland, is a company incorporating its own Blockchain technology, with its own SAFE Crypto Coin ( Based on V999 era ), and allows its contributors to transfer their FIAT belongings into Gold Bullion, getting rid of the want to contain any BANK.
V999: virtual gold empowered by the blockchain; a digital token, sponsored by using bodily gold V999 Gold (V999) is a virtual asset. Each token is subsidized by using one tenth of a exceptional gram gold bar, saved in vaults. learn the knowledge of free bonus If you personal V999, you personal the underlying bodily gold, held in custody. On top of that, FreeBay contributors can purchase packages that consist of effective Automatic Intelligence-Based Trading Robots.
So now, you cannot most effective gain total independence from a widespread BANK, but you could additionally alternate, like the Banks, your virtual Gold assets, inside the form of V999 Crypto tokens, at the OVERNIGHT systems, most effective now you, the asset holder, get the rewards, no longer the Banks.