Banking, as we know it, has been close to given that the first currencies were minted-perhaps even just before that, in some type or one more. Forex, in specific coins, grew out of taxation. In the early days of historical empires, yearly taxation on one pig could have been realistic, but as empires expanded, this kind of payment turned less desirable.
Even so, because the Covid circumstance, not only have we seemed to go to a “cashless” modern society, (as who would like to deal with possibly “dirty income” in a shop), and with “contactless” credit card transaction levels now enhanced to £45, and now even very small transactions accepted, such as a daily newspaper, or bottle of milk, get paid out by card.
Did you know that there are in excess of five,000 crypto currencies in use previously and of them Bitcoin attributes highly in that record? Bitcoin, in distinct, has had a very unstable trading heritage given that it was 1st produced in 2009. This electronic cryptocurrency has seen a lot of motion in its pretty short life. Bitcoins to begin with traded for up coming to nothing at all. The initial genuine cost increase transpired in July 2010 when the valuation of a Bitcoin went from close to $.0008 to in the region of $ten,000 or a lot more, for a one coin. This forex has seen some significant rallies and crashes considering that then. Nonetheless, with the introduction of what are known as “Steady” cash – those backed by the US Greenback, or even Gold, this crypto forex volatility can now be brought beneath handle.
But before we discover this new form of Crypto-based E-Commerce, as a strategy of managing and utilizing our assets, which includes our “FIAT” currencies, let us 1st look at how the Banking companies them selves have modified over the last 50 several years or so.
Who remembers the excellent outdated Cheque Ebook? Just before Financial institution Debit Cards arrived along, in 1987, cheques had been the main way of transferring belongings with others, in industrial transactions. Then with Financial institution Debit Cards, along with ATM’s, acquiring maintain of one’s FIAT property turned a great deal faster, and for on-line professional transactions.
The difficulty that has usually been existing with Financial institutions, is most of us needed at minimum two personalized financial institution accounts (a Present account, and a Cost savings account), and 1 for each enterprise we owned. Also, striving to move cash from your financial institution account “swiftly” to say a vacation spot overseas, was everything like SWIFT!
The other situation was the price. Not only did we have to pay out a normal service cost on every single Financial institution Account, we also had a significant fee to pay on every transaction, and, of system, in extremely exceptional situations we would not get any worthwhile curiosity, on funds in our Current Account.
On prime of all that, Right away Buying and selling, every single night, utilizing skilled economic traders (or, latterly Synthetic Intelligence (AI) Trading methods), all of OUR property would be traded, and with the economies of scale, the Banking institutions grew to become a Major Earner on our belongings – but not us! Have a look at the likely company to be made from “Overnight Trading”.
So, to summarise, not only do the Banking institutions charge a hefty fee for storing, and transferring our belongings, by the use of intelligent Investing techniques, they also make hefty profits from trading our cash on the Overnight circuit, for which we see no benefit.
The other point is – do you have faith in your Bank with all your assets?
How about what Lender of Scotland, who had been THE Scotland Countrywide Bank, now owed by Lloyds Banking Team, have been not too long ago labled, in a September press release that stated “Lloyds Lender Asset Frauds – The Most Significant Economic Scandal of Modern Occasions.”
Why not Google that internet web site, and then make your own thoughts up?
So, now let us just take a appear at how a Crypto-dependent E-Commerce technique must work, and how the benefits that the Banking institutions liked with OUR money, can become major revenue centre for the Asset Holders – US!
On tenth Oct 2020, a significant new Crypto-dependent E-Commerce business is being introduced – FREEBAY.
Briefly, FreeBay, dependent in Switzerland, is a firm incorporating its very own Blockchain technology, with its own Risk-free Crypto Coin ( Based mostly on V999 technological innovation ), and enables its members to transfer their FIAT property into Gold Bullion, getting rid of the want to involve any Bank.
V999: electronic gold empowered by the blockchain a electronic token, backed by actual physical gold V999 Gold (V999) is a electronic asset. Every token is backed by a single tenth of a good gram gold bar, saved in vaults. If you personal V999, you very own the fundamental actual physical gold, held in custody. On prime of that, FreeBay members can purchase deals that consist of powerful Automated Intelligence-Dependent Investing Robots.
So now, you can not only achieve total independence from a regular Bank, but you can also trade, like the Banking institutions, your digital Gold belongings, in the form of V999 Crypto tokens, on the Overnight systems, only now you, the asset holder, get the benefits, not the Banks.
But there is even another wonderful advantage in investing V999 Tokens. As you would be the Generic operator of the token, so, like the Banking companies, every time a V999 token is traded (i.e. offered), say, to obtain Bitcoin, or any other Crypto forex, a Transaction Price is charged. Every single time a transaction requires place, the generic proprietor of the V999 token will get a tiny proportion of that Payment.
Observe, that after a Trade normally takes place, and a V999 Token is bought, in trade 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). Due to the fact Freebay’s objective is to make the V999 Token one of the most sought-soon after secure Crypto coins, even right after your Token has been marketed to one more Trader, as you are still the Generic owner of the V999 Token, whenever that Token is traded by any other Trader, it is you – the Generic Proprietor of that Token that receives paid out the Buying and selling Fee.
This could not only produce a fantastic Passive Revenue for you, for life, but is Willable to your descendants – and not a standard financial institution concerned everywhere.
So, no kyc crypto exchange get, and get into circulation, the even bigger and far better with your Residual Income – for not just your lifetime, but most likely for your dependants – could grow to be a reality.