Banking, as we know it, has been around because the very first currencies have been minted-possibly even just before that, in some kind or another. Currency, in specific coins, grew out of taxation. In the early times of historic empires, yearly taxation on a single pig may have been realistic, but as empires expanded, this sort of payment grew to become significantly less attractive.
However, since the Covid circumstance, not only have we appeared to go to a “cashless” culture, (as who would like to manage probably “soiled income” in a store), and with “contactless” credit score card transaction amounts now elevated to £45, and now even tiny transactions accepted, this sort of as a everyday newspaper, or bottle of milk, get paid out by card.
Did you know that there are more than 5,000 crypto currencies in use previously and of them Bitcoin features extremely in that listing? Bitcoin, in specific, has had a really volatile trading history because it was 1st produced in 2009. This digital cryptocurrency has witnessed a whole lot of action in its fairly short daily life. Bitcoins originally traded for up coming to absolutely nothing. The very first actual cost boost transpired in July 2010 when the valuation of a Bitcoin went from all around $.0008 to in the location of $10,000 or a lot more, for a solitary coin. This currency has noticed some major rallies and crashes since then. Nevertheless, with the introduction of what are known as “Stable” cash – individuals backed by the US Greenback, or even Gold, this crypto currency volatility can now be brought underneath handle.
But before we explore this new kind of Crypto-primarily based E-Commerce, as a technique of managing and utilizing our property, which includes our “FIAT” currencies, let’s very first look at how the Banking institutions on their own have altered over the last fifty years or so.
Who remembers the good outdated Cheque Guide? Before Financial institution Debit Playing cards came along, in 1987, cheques had been the major way of transferring property with other folks, in professional transactions. Then with Financial institution Debit Cards, alongside with ATM’s, acquiring maintain of one’s FIAT property became a good deal a lot quicker, and for on-line professional transactions.
The dilemma that has often been existing with Banking companies, is most of us needed at minimum 2 personalized lender accounts (a Current account, and a Personal savings account), and one for every single company we owned. Also, trying to transfer money from your bank account “quickly” to say a location overseas, was anything at all like SWIFT!
The other concern was the expense. Not only did we have to pay a regular services cost on each Lender Account, we also had a hefty fee to spend on every transaction, and, of system, in extremely uncommon occasions we would not get any worthwhile fascination, on cash in our Existing Account.
On leading of all that, Right away Trading, each night time, making use of expert monetary traders (or, latterly Synthetic Intelligence (AI) Buying and selling programs), all of OUR property would be traded, and with the economies of scale, the Banking institutions became a Major Earner on our property – but not us! Have a search at the likely enterprise to be created from “Overnight Trading”.
So, to summarise, not only do the Financial institutions demand a hefty price for storing, and moving our belongings, by the use of intelligent Investing techniques, they also make significant revenue from trading our income on the Overnight circuit, for which we see no advantage.
The other stage is – do you trust your Financial institution with all your assets?
How about what Financial institution of Scotland, who had been THE Scotland Nationwide Financial institution, now owed by Lloyds Banking Team, have been just lately labled, in a September push launch that said “Lloyds Financial institution Asset Frauds – The Most Severe Financial Scandal of Present day Instances.”
Why not Google that internet site, and then make your own brain up?
So, now permit us take a look at how a Crypto-based mostly E-Commerce method ought to work, and how the positive aspects that the Banking institutions appreciated with OUR cash, can become significant earnings centre for the Asset Holders – US!
On 10th October 2020, a major new Crypto-based mostly E-Commerce business is currently being released – FREEBAY.
Briefly, FreeBay, based in Switzerland, is a business incorporating its very own Blockchain engineering, with its personal Safe Crypto Coin ( Dependent on V999 engineering ), and enables its members to transfer their FIAT belongings into Gold Bullion, getting rid of the need to have to entail any Bank.
V999: electronic gold empowered by the blockchain a electronic token, backed by bodily gold V999 Gold (V999) is a digital asset. Each token is backed by one tenth of a fine gram gold bar, saved in vaults. If you own V999, you own the fundamental physical gold, held in custody. On prime of that, FreeBay customers can obtain packages that incorporate powerful Automatic Intelligence-Based Trading Robots.
So now, you can not only accomplish whole independence from a standard Bank, but you can also trade, like the Financial institutions, your electronic Gold property, in the sort of V999 Crypto tokens, on the Overnight methods, only now you, the asset holder, get the rewards, not the Banks.
But there is Crypto Investment for Long term in investing V999 Tokens. As you would be the Generic operator of the token, so, like the Banking institutions, each time a V999 token is traded (i.e. sold), say, to buy Bitcoin, or any other Crypto forex, a Transaction Payment is billed. Each and every time a transaction will take area, the generic operator of the V999 token will get a modest proportion of that Payment.
Note, that as soon as a Trade requires area, and a V999 Token is offered, in trade for say Bitcoin, or any other Crypto coin, a small %age of that Transaction Fee is paid to the GENERIC Proprietor of that token (i.e. YOU). Since Freebay’s goal is to make the V999 Token 1 of the most sought-right after risk-free Crypto cash, even right after your Token has been sold to one more Trader, as you are nevertheless the Generic owner of the V999 Token, anytime that Token is traded by any other Trader, it is you – the Generic Owner of that Token that gets compensated the Investing Commission.
This could not only develop a wonderful Passive Cash flow for you, for daily life, but is Willable to your descendants – and not a traditional lender associated everywhere.
So, the far more V999 Tokens you get, and get into circulation, the bigger and greater with your Residual Earnings – for not just your lifetime, but possibly for your dependants – could become a truth.