Will Crypto Based E-Commerce Destroy the Dinosaur Style Banking Industry?
Banking, as we understand it, has been around since the earliest currencies were minted-perhaps while before that, in some kind or another. Currency, particularly coins, grew from taxation. In the early days of ancient empires, yearly taxation on one pig may have been reasonable, but as empires expanded, this particular payment type became much less desirable.
Nonetheless, since the Covid circumstance, not have only we seemed to shift- Positive Many Meanings – to a “cashless” culture, (as who wants to take care of likely “dirty money” in a shop), and with “contactless” credit card transaction levels nowadays improved to £45, and these days even tiny transactions accepted, like a daily newspaper, or bottle of milk, get paid by card.
Did you know that you can get more than 5,000 crypto currencies in use probably and of them Bitcoin includes highly in that list? Bitcoin, for example, has had a really volatile trading history since it was very first created in 2009. This digital cryptocurrency has seen a lot of action in its relatively short life. Bitcoins initially traded for close to zero. The first real price increase occurred in July 2010 when the valuation of your Bitcoin went from around $0.0008 to in the area of $10,000 or perhaps more, for one coin. This currency has seen some major rallies and crashes since then. However, with the release of what are called “Stable” coins – all those backed by the US Dollar, or even Gold, this particular teeka tiwari crypto picks (Related Homepag) currency volatility can today be brought under control.
But just before we explore this brand new form of Crypto based E-Commerce, as a technique of controlling and using the assets of ours, such as our “FIAT” currencies, let’s very first look at the way the Banks themselves have changed over the past fifty years or so.
Who recalls the classic Cheque Book? Before Bank Debit Cards arrived along, in 1987, cheques were the principle way of transferring assets with others, in commercial transactions. After that with Bank Debit Cards, along with ATM’s, getting hold of one’s FIAT assets grew to become a lot faster, as well as for on line commercial transactions.
The issue that has constantly been present with Banks, is nearly all of us needed at the very least 2 private bank accounts (a latest account, and a Savings account), plus 1 for each business we owned. In addition, attempting to move money out of your bank account “swiftly” to express a destination overseas, was something as SWIFT!
The other problem was the price. Not merely did we have to pay a normal service cost on each Bank Account, we also had a hefty charge to pay on each and every transaction, along with, naturally, in extremely rare situations we wouldn’t get any worthwhile interest, on money in the Current Account of ours.
The other problem was the price.
In addition to all that, Overnight Trading, every evening, using professional monetary traders (or, latterly Artificial Intelligence (AI) Trading systems), all of our assets will be traded, and with the economies of scale, the Banks evolved into a significant Earner on our property – however, not us! Have a glimpse at the possible small business to be made from “OVERNIGHT Trading”.
Overnight
the Banks
evolved into a major Earner on the assets of ours – yet not us!
The other issue is – do you trust your Bank with all your assets?
Lloyds Bank Asset Frauds – Probably The Most Serious Financial Scandal of Modern Times.”
So, today let us check out the way a Crypto based E Commerce system ought to operate, and the way the benefits that the Banks enjoyed with OUR money, can become major profit centre for the Asset Holders – US!
On 10th October 2020, a serious brand new Crypto based E-Commerce business is being released – FREEBAY
just now you, the asset holder, get the benefits, not the Banks.
But there is also another great advantage in trading V999 Tokens.
Generic
Each time a transaction takes place, the generic proprietor of the V999 token gets a tiny percentage of that Fee.
GENERIC OWNER
Generic owner of the V999 Token
it is you – the Generic Owner of that Token that gets paid the Trading Commission.