Will Crypto Based E-Commerce Destroy the Dinosaur Style Banking Industry?
Banking, as we realize it, has been around since the very first currencies were minted-perhaps while prior to that, in some type or another. Currency, specifically coins, grew out of taxation. In the beginning of ancient empires, annual taxation on one pig might have been reasonable, but as empires expanded, this type of payment started to be much less appealing.
But, since the Covid situation, not have only we looked to move to a “cashless” society, (as who wants to deal with likely “dirty money” in a shop), and with “contactless” credit card transaction levels now improved to £45, and these days possibly minor teeka tiwari blockchain stocks (http://www.globenewswire.com/news-release/2021/03/23/2198058/0/en/Crypto-s-Next-Trillion-Dollar-Coin-by-Teeka-Tiwari-Event-Details.html) transactions approved, for example a daily newspaper, or maybe container of milk, get paid by card.
Did you understand that you will find more than 5,000 crypto currencies in use probably and of them Bitcoin features seriously in that list? Bitcoin, in particular, has had an extremely volatile trading record since it was initially created in 2009. This digital cryptocurrency has seen a lot of action in its relatively short life. Bitcoins initially traded for almost zero. The very first real price surge occurred in July 2010 when the valuation of your Bitcoin went from around $0.0008 to in the area of $10,000 or perhaps much more, because a single coin. This currency has seen some major crashes and rallies since that time. But, with the release of what exactly are known as “Stable” coins – all those backed by the US Dollar, and even Gold, this particular crypto currency volatility could now be brought under control.
But 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 first look at how the Banks themselves have changed over the last 50 years or so.
Who remembers the classic Cheque Book? Before Bank Debit Cards arrived along, in 1987, cheques had been the main 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 property grew to become a lot quicker, and also for on-line commercial transactions.
The issue that has always been present with Banks, is most of us wanted a minimum of 2 private bank accounts (a present account, and a Savings account), plus 1 for each company we owned. Also, attempting to move cash out of your bank account “swiftly” to express a destination overseas, was something as SWIFT!
The other issue was the cost. Not only did we have to fork out a consistent service charge on each Bank Account, we additionally had a hefty expense to spend on each transaction, along with, naturally, in very rare situations we wouldn’t get any advantageous interest, on cash in the Current Account of ours.
The other issue was the price.
On top of all that, Overnight Trading, every evening, using expert monetary traders (or, latterly Artificial Intelligence (AI) Trading systems), almost all of our assets will be traded, along with the economies of scale, the Banks grew to become a significant Earner on our assets – but not us! Have a look at the possible business to be produced- Positive Many Meanings – from “OVERNIGHT Trading”.
Overnight
the Banks
evolved into a big Earner on our assets – however, not us!
The alternative issue is – do you trust the Bank of yours with all your assets?
Lloyds Bank Asset Frauds – The Most Serious Financial Scandal of Modern Times.”
So, today let us take a look at how a Crypto-based E-Commerce structure should operate, and how the advantages that the Banks enjoyed with OUR money, can become huge profit centre for the Asset Holders – US!
On 10th October 2020, a serious new Crypto-based E-Commerce organization is now being released – FREEBAY
just today you, the asset holder, get the rewards, not the Banks.
But there’s also another great advantage in trading V999 Tokens.
Generic
Whenever a transaction takes place, the generic master of the V999 token receives a tiny proportion of that Fee.
GENERIC OWNER
Generic owner of the V999 Token
it is you – the Generic Owner of that Token which will get paid the Trading Commission.
Passive Income