Banking, as we know it, has been about considering that the 1st currencies were minted-maybe even prior to that, in some form or one more. Currency, in certain cash, grew out of taxation. In the early times of ancient empires, once-a-year taxation on one pig may possibly have been affordable, but as empires expanded, this type of payment turned less appealing.
Nevertheless, considering that the Covid situation, not only have we seemed to transfer to a “cashless” modern society, (as who would like to take care of possibly “filthy income” in a store), and with “contactless” credit score card transaction amounts now elevated to £45, and now even tiny transactions recognized, this sort of as a every day newspaper, or bottle of milk, get compensated by card.
Did you know that there are above 5,000 crypto currencies in use currently and of them Bitcoin attributes very in that record? Bitcoin, in specific, has experienced a really risky investing historical past given that it was very first created in 2009. This digital cryptocurrency has seen a great deal of motion in its pretty quick existence. Bitcoins at first traded for following to nothing at all. The initial true cost boost happened in July 2010 when the valuation of a Bitcoin went from about $.0008 to in the area of $10,000 or far more, for a one coin. This forex has witnessed some major rallies and crashes given that then. Nonetheless, with the introduction of what are called “Stable” coins – these backed by the US Dollar, or even Gold, this crypto currency volatility can now be brought beneath management.
But just before we explore this new kind of Crypto-dependent E-Commerce, as a approach of managing and making use of our assets, such as our “FIAT” currencies, let’s initial seem at how the Banking companies by themselves have transformed over the last 50 a long time or so.
Who remembers the good outdated Cheque Guide? Just before Lender Debit Cards came along, in 1987, cheques had been the principal way of transferring assets with other folks, in industrial transactions. Then with Lender Debit Cards, alongside with ATM’s, receiving maintain of one’s FIAT assets grew to become a great deal a lot quicker, and for on-line commercial transactions.
The problem that has often been present with Financial institutions, is most of us essential at the very least two personal bank accounts (a Current account, and a Cost savings account), and one particular for every enterprise we owned. Also, making an attempt to go money from your lender account “quickly” to say a vacation spot abroad, was anything at all like SWIFT!
The other issue was the price. Not only did we have to pay a typical provider charge on every single Bank Account, we also had a significant price to shell out on each and every transaction, and, of program, in extremely rare instances we would not get any worthwhile interest, on funds in our Recent Account.
On leading of all that, Right away Buying and selling, each evening, using specialist financial traders (or, latterly Synthetic Intelligence (AI) Trading systems), all of OUR belongings would be traded, and with the economies of scale, the Banks became a Major Earner on our assets – but not us! Have a seem at the likely organization to be created from “Overnight Buying and selling”.
So, to summarise, not only do the Banks cost a hefty payment for storing, and transferring our belongings, by the use of intelligent Investing techniques, they also make significant revenue from buying and selling our money on the Right away circuit, for which we see no advantage.
The other stage is – do you have faith in your Lender with all your property?
How about what Bank of Scotland, who had been THE Scotland National Lender, now owed by Lloyds Banking Team, have been lately labled, in a September push launch that said “Lloyds Bank Asset Frauds – The Most Significant Financial Scandal of Modern Times.”
Why not Google that web website, and then make your own mind up?
So, now allow us take a seem at how a Crypto-based E-Commerce method should operate, and how the advantages that the Banking institutions enjoyed with OUR cash, can become main revenue centre for the Asset Holders – US!
On tenth Oct 2020, a significant new Crypto-primarily based E-Commerce company is getting introduced – FREEBAY.
Briefly, FreeBay, dependent in Switzerland, is a organization incorporating its personal Blockchain technological innovation, with its possess Safe Crypto Coin ( Primarily based on V999 technology ), and permits its associates to transfer their FIAT belongings into Gold Bullion, eliminating the need to include any Lender.
V999: electronic gold empowered by the blockchain a digital token, backed by physical gold V999 Gold (V999) is a electronic asset. Every single token is backed by one tenth of a fantastic gram gold bar, saved in vaults. If you very own V999, you very own the underlying bodily gold, held in custody. On Crypto traden voor dummies of that, FreeBay users can acquire packages that incorporate effective Computerized Intelligence-Based Trading Robots.
So now, you can not only accomplish total independence from a regular Bank, but you can also trade, like the Banks, your electronic Gold property, in the type of V999 Crypto tokens, on the Overnight programs, only now you, the asset holder, get the rewards, not the Financial institutions.
But there is even one more great gain in trading V999 Tokens. As you would be the Generic operator of the token, so, like the Banks, each and every time a V999 token is traded (i.e. offered), say, to obtain Bitcoin, or any other Crypto currency, a Transaction Payment is billed. Each time a transaction normally takes location, the generic proprietor of the V999 token gets a small proportion of that Fee.
Note, that after 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 Charge is paid out to the GENERIC Proprietor of that token (i.e. YOU). Because Freebay’s goal is to make the V999 Token 1 of the most sought-soon after risk-free Crypto cash, even following your Token has been offered to yet another Trader, as you are even now the Generic operator of the V999 Token, anytime that Token is traded by any other Trader, it is you – the Generic Owner of that Token that receives compensated the Investing Fee.
This could not only produce a great Passive Cash flow for you, for existence, but is Willable to your descendants – and not a typical bank involved wherever.
So, the more V999 Tokens you get, and get into circulation, the larger and much better with your Residual Earnings – for not just your life time, but possibly for your dependants – could become a actuality.