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

Banking, as we know it, has been doing since the first currencies were minted-perhaps even before that, in some form or another. Currency, in particular coins, grew out of taxation. In rarity tools the early days of ancient empires, annual taxation on one pig may have been reasonable, but as empires expanded, this type of payment became less desirable.

However, since the Covid situation, not only have we did actually go on to a “cashless” society, (as who wants to handle potentially “dirty money” in a shop), and with “contactless” credit card transaction levels now increased to £45, and now even tiny transactions accepted, such as a daily newspaper, or bottle of milk, get paid by card.

Did you know that there are over 5, 000 crypto currencies used already and of them Bitcoin features highly in that list? Bitcoin, in particular, has had a very volatile trading history since it was created in ’09. This digital cryptocurrency has seen a lot of action in its fairly short life. Bitcoins initially bought and sold for next to nothing. The first real price increase occurred in June 2010 when the valuation of a Bitcoin went from around $0. 0008 to approximately $10, 000 or more, for a single coin. This currency has seen some major rallies and fails now. However, with the introduction of what are called “Stable” coins : those backed by the US Dollar, or even Gold, this crypto currency volatility is now able to be brought under control.

But before we explore this new form of Crypto-based E-Commerce, as a method of controlling and using our assets, including our “FIAT” currencies, let’s first look at how the Banks themselves have changed throughout the last 50 years or so.

Who remembers the good old Cheque Book? Before Bank Debit Cards came along, in 1987, cheques were the main way of transferring assets with others, in commercial transactions. Then with Bank Debit Cards, along with ATM’s, getting hold of one’s FIAT assets became a lot quicker, and for on-line commercial transactions.

The problem that has always been present with Banks, is most of us needed at least 2 personal bank accounts (a Current account, and a Savings account), and one for each business we owned. Also, trying to move money from your bank account “swiftly” to say a destination overseas, was anything like SPEEDI!

The other issue was the cost. Not only did we need to pay a regular service charge on each Bank account, we also had a hefty fee to pay on every transaction, and, of course, in very rare occasions we would not get any worthwhile interest, on money in our Current Account.

On top of all that, Overnight Trading, every night, using expert financial traders (or, latterly Artificial Learning ability (AI) Trading systems), all of our assets would be bought and sold, and with the economies of scale, the Banks became a major Earner on our assets : but not us! Have a look at the potential business to be made from “OVERNIGHT Trading”.

So, to summarize, not only do the Banks charge a hefty fee for storing, and moving our assets, by using clever Trading techniques, they also make hefty profits from trading our money on the Overnight rounds, which is why we see no benefit.

The other point is : do you trust your Bank with all your assets?

How about what Bank of Scotland, who were THE Scotland National Bank, now were supposed to pay by Lloyds Banking Group, have been recently labled, in a September news release that stated “Lloyds Bank Asset Frauds : The most Serious Financial Scandal of Modern times. inches

Why not Google that web site, and then make your own mind up?

So, now let us take a look at how a Crypto-based E-Commerce system should operate, and how the advantages that the Banks enjoyed with the money, can become major profit middle for the Asset Slots : US!

On 10 November 2020, a major new Crypto-based E-Commerce company is being launched : FREEBAY.

In brief, FreeBay, situated in Swiss, is a company incorporating a unique Blockchain technology, with its own SAFE Crypto Coin ( Based on V999 technology ), and enables its members to transfer their FIAT assets into Gold Bullion, removing the need to involve any BANK.

V999: digital gold empowered by the blockchain; an electronic digital token, backed by physical gold V999 Gold (V999) is a digital asset. Each token is backed by one tenth of a fine gram gold bar, stored in vaults. If you own V999, you possess the underlying physical gold, held in child custody. On top of that, FreeBay members can purchase packages offering powerful Automatic Intelligence-Based Trading Robots.

So now, you can not only achieve total independence from a standard BANK, but you can also trade, like the Banks, your digital Gold assets, in the form of V999 Crypto tokens, on the OVERNIGHT systems, only now you, the asset holder, get the rewards, not the Banks.

But there is even another great advantage in trading V999 Tokens. As you would be the Simple owner of the token, so, like the Banks, each time a V999 token is bought and sold (i. e. sold), say, to purchase Bitcoin, or any other Crypto currency, a Transaction Fee is charged. Each time a transaction develops, the simple owner of the V999 token gets a small percentage of the particular Fee.

Note, that once a Trade develops, and a V999 Token is sold, in turn for say Bitcoin, or any other Crypto coin, a small %age of the particular Transaction Fee is paid to the SIMPLE OWNER of the particular token (i. e. YOU). Because Freebay’s objective is to make the V999 Token one of the most sought-after safe Crypto coins, despite if your Token has been sold to another Dealer, as you are still the Simple owner of the V999 Token, whenever that Token is bought and sold by any other Dealer, it is you : the Simple Owner of the particular Token that gets paid the Trading Commission.

This could not only create a great Passive Income for you, for life, but is Willable to your descendants : and not the standard bank involved anywhere.

So, the more V999 Tokens you obtain, and get into circulation, the bigger and better with your Walk away Income : for not just your lifetime, but probably for your dependants : could turn into a reality.

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