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

Banking, as we know it, has existed since the first currencies were minted – maybe even earlier, in one form or another. Money, especially coins, comes from taxes. In the early days of the old rich, an annual pig tax might have been reasonable, but as the rich grew, this type of payment became less desirable.

However, after the Covid situation, we don’t just seem to be switching to a cashless company (for example, who might want to handle “dirty money” in a store), but “contactless” credit card transactions have now increased to 45 pounds. and now even small accepted transactions, such as a newspaper or a bottle of milk, are paid for by card.

Did you know that more than 5,000 cryptocurrencies are already in use and that bitcoin is at the top of this list? Bitcoin in particular has had a very unstable trading history since its inception in 2009. This digital cryptocurrency has undergone many changes in its rather short lifespan. Initially, bitcoin was sold for almost nothing. The first real price jump occurred in July 2010, when the value of bitcoin jumped from $0.0008 to about $10,000 or more per coin. Since then, this currency has experienced major ups and downs. With the introduction of so-called “stable” coins, secured by the US dollar or even gold, this volatility of cryptocurrencies can now be brought under control.

But before we explore this new form of cryptography-based e-commerce as a method of controlling and using our assets, including our FIAT currencies, let’s see how the banks themselves have changed over the past 50 years.

Who remembers the good old checkbook? Before the advent of bank debit cards in 1987, cheques were the primary means of transferring assets to others in business transactions. Bank debit cards as well as ATMs have made it possible to obtain FIAT assets much faster and for business transactions on the Internet.

The problem that has always been with banks was that most of us needed at least 2 personal bank accounts (current and savings) and one for each business we owned.

Another problem was the cost. Not only did we have to pay a regular service charge for each bank account, we also had to pay a high commission for each transaction, and of course, in very rare cases we did not receive valuable interest on the money from our current account.

Moreover, trading at night, every night using professional financial traders (or, later, trading systems with artificial intelligence (AI)), all our assets will be sold, and thanks to economies on a scale banks have become the main source of income. income from our assets. ” but not on us! Find out potential businesses that you can do with “NO WORLD.”

In short, banks not only charge high fees for storing and transferring our assets through the use of intelligent trading methods, but also make huge profits by exchanging our money under the overnight scheme, from which we see no benefit. .

Another question is: do you trust your bank with all your assets?

As for the fact that Bank of Scotland, which was now owned by Lloyds Banking Group, was recently described in a September press release saying: “Lloyds Bank’s asset fraud is the most serious financial scandal of our time.”

Why not Google this site and then make a decision?

Now let’s see how the cryptocurrency-based e-commerce system should work and how the advantages that banks enjoy with U.S. money can become the main profit center for asset holders – THE UNITED States!

On October 10, 2020, a new large e-commerce company based on cryptography – FREEBAY – will be launched.

In short, FreeBay, headquartered in Switzerland, is a company that combines its own Blockchain technology with its own SAFE Crypto Coin (based on V999 technology) and allows its members to transfer their FIAT assets to Gold Bullion, thereby eliminating the need to attract the bank. .

V999: digital gold enriched by blockchain; The digital token provided with the physical gold V999 Gold (V999) is a digital asset. Each token is supported by a tenth of a gram of pure gold ingot stored in storage. If you have a V999, you own the physical gold in storage.

But there is another big advantage in trading V999 tokens. Since you will be the general owner of the token, as well as the banks, whenever the V999 token is traded (i.e. sold), for example, to buy bitcoins or some other cryptocurrency, a transaction fee is charged. Each time a transaction occurs, the general owner of the V999 token will receive a small percentage of this commission.

Please note that after the transaction and the sale of the V999 token in exchange for, say, bitcoin or other cryptocurrency, a small percentage of these transaction fees are paid to the GENERAL HOUSE of this token (i.e. YOU). Because freebay’s goal is to make the V999 token one of the most sought-after secure cryptocurrencies even after your token has been sold to another seller, because you are still the general owner of the V999 token when this token is sold by another trader. you are the general owner of this token who receives a trade commission.

This can not only provide you with a substantial passive income for life, but will also be available to your descendants, not the usual bank, which is not involved in anything.

Thus, the more V999 tokens you buy and put into circulation, the bigger and better your residual income – not only for your life, but probably for your family members – can become a reality.

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