Will Crypto Based E-Commerce Destroy the Dinosaur-Style Banking Industry?
Banking, as we realize it, has been in existence since the very first currencies were minted-perhaps while prior to that, in some form or another. Currency, specifically coins, grew out of taxation. In the start of ancient empires, yearly taxation on one pig might have been reasonable, but as empires expanded, this particular sort of payment became less appealing.
Nonetheless, since the Covid situation, not only have we seemed to move to a “cashless” society, (as who wishes to handle potentially “dirty money” in a shop), and with “contactless” credit card transaction levels now improved to £45, and now even minor transactions accepted, for example a daily newspaper, or can of milk, get paid out by card.
Did you fully grasp that there are more than 5,000 crypto currencies in use probably and of them Bitcoin features seriously in that list? Bitcoin, for example, has had an extremely volatile trading history since it was initially created in 2009. This electronic cryptocurrency has seen a great deal of action in its fairly short life. Bitcoins initially traded for next to nothing. The initial real price boost occurred in July 2010 when the valuation of any Bitcoin went from around $0.0008 to in the area of $10,000 or much more, for one coin. This particular currency has seen some major rallies and crashes since then. Nevertheless, with the introduction of what are referred to as “Stable” coins – all those backed by the US Dollar, or even Gold, this particular crypto currency volatility can right now be brought under control.
But just before we explore this new form of Crypto based E-Commerce, as a strategy of controlling and using the assets of ours, such as the “FIAT” currencies of ours, let’s first look at the way the Banks themselves have changed over the last 50 years or so.
Who recalls the traditional Cheque Book? Before Bank Debit Cards arrived along, in 1987, cheques had been the main means of transferring assets with others, in business transactions. Next with Bank Debit Cards, along with ATM’s, getting hold of one’s FIAT property evolved into much quicker, as well as for on-line industrial transactions.
The problem that has constantly been present with Banks, is almost all of us needed a minimum of two personal bank accounts (a latest account, in addition to a Savings account), plus one for every business we owned. Furthermore, trying to move cash from your bank account “swiftly” to state a spot overseas, was something like SWIFT!
The other problem was the cost. Not just did we have to pay a consistent service cost on each Bank Account, we in addition had a hefty expense to pay on each and every transaction, as well as, of course, in very rare occasions we would not get any advantageous interest, on money in our Current Account.
The other issue was the cost.
On top of all that, Overnight Trading, every evening, using professional financial traders (or, latterly Artificial Intelligence (AI) Trading systems), almost all of the assets of ours would be traded, along with the economies of scale, the Banks became a major Earner on our property – but not us! Have a peek at the possible business to be made from “OVERNIGHT Trading”.
the Banks
became a significant Earner on the assets of ours – yet not us!
The alternative issue is – do you trust the Bank of yours with all the assets of yours?
Lloyds Bank Asset Frauds – Probably The Most Serious Financial Scandal of Modern Times.”
So, now let us take a look at the way a teeka tiwari crypto catch up (website)-based E-Commerce body ought to operate, as well as the way the advantages that the Banks enjoyed with The money of ours, becomes major profit centre for the Asset Holders – US!
On 10th October 2020, a leading brand new Crypto-based E Commerce organization is now being released – FREEBAY
only now you, the asset holder, get the benefits, not the Banks.
But there’s even another great advantage of trading V999 Tokens.
Generic
Each time a transaction occurs, the generic owner of the V999 token gets a tiny proportion of that Fee.
GENERIC OWNER
Generic proprietor of the V999 Token
it’s you – the Generic Owner of that Token which will get paid the Trading Commission.
Passive Income