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

Banking as we know has existed since the first currency was minted. Taxation is what grew currency, and coins in particular. In the beginning of ancient empires, one pig was taxed annually. However, as empires grew, this payment became less popular.

However, we have seen a shift to a cashless society since the Covid incident. (As someone who doesn’t want to deal with potentially “dirty” money in a shop), and “contactless” credit card transaction amounts have increased to PS45. Even small transactions, such as buying a daily newspaper or a bottle of milk, are now accepted by cards.

Did you know there are more than 5,000 crypto currencies already in use, and that Bitcoin is one of the most prominent on that list? Since its creation in 2009, Bitcoin has seen volatile trading since then. In its short history, this digital cryptocurrency has seen lots of action. Bitcoins were initially worth very little. In July 2010, the first significant price rise occurred when the value of a Bitcoin rose from $0.0008 to $10,000 for a single coin. Since then, this currency has experienced major rallies as well as crashes. This volatility can be controlled now that “Stable” coins have been introduced – these are backed by the US Dollar or Gold.

Before we get into the new Crypto-based E-Commerce as a way to control and use our assets, including our “FIAT”, currencies, let’s first examine how the Banks have changed over the past 50 years.

The good old Cheque Book is still in use. In 1987, before Bank Debit Cards were invented, cheques were still the most popular way to transfer assets between people in commercial transactions. With Bank Debit Cards and ATM’s, it was much easier to get hold of one’s FIAT assets. This also made it possible for online commercial transactions.

One problem with Banks has been that most people needed at least two personal accounts. This was a Current account and a Savings account. And one for each of our businesses. It was almost like SWIFT when you tried to transfer money from your bank account to a destination overseas.

Another issue was the cost. We had to pay a service charge on each bank account and a fee on all transactions. In rare cases, we wouldn’t get any interest on money in our Current Account.

All of this was on top of Overnight Trading. Every night, expert financial traders or, later, Artificial Intelligence Trading Systems (AI) would trade all of OUR assets. With the economies of scale, the Banks become a major earner on our assets. Take a look at the potential businesses that can be made using “OVERNIGHT trading”.

To sum up, the Banks charge a large fee to store and move our assets. They also make huge profits trading our money on Overnight circuits, which is not something we see as a benefit.

Another point to consider is: Do you trust your Bank with your assets?

What about the Bank of Scotland? They were THE Scotland National Bank. Lloyds Banking Group owes them. A September press release stated that “Lloyds Bank Asset frauds – The most serious financial scandal of modern times.” “

You can Google the web site and make your own decision.

Let’s now take a look at the operation of a Crypto-based E-Commerce System. How can the Banks enjoy the same advantages with OUR money? And how Asset Holders – US – can turn these benefits into major profit centres.

A major Crypto-based Ecommerce company, FREEBAY was launched on October 10, 2020 .

FreeBay is a Swiss company that has its own Blockchain technology and its own SAFE crypto coin ( Based upon V999 technology). This allows its members to convert their FIAT assets to Gold Bullion without the need to involve any bank.

V999: digital gold empowered with the blockchain; a token that is digitally backed by physical money V999 Gold (V999), is a digital asset. Each token is backed with one tenth the fine gram of gold bars, which are stored in vaults. You own the physical gold that is behind V999. FreeBay members have the option to purchase powerful Automatic Intelligence-Based Trading Robots.

You can now not only get total independence from a standard BANK but also trade your digital Gold assets in the form V999 Crypto tokens on the OVERNIGHT Systems, you, the asset holder, receive the rewards and not the Banks.

However, there’s another advantage to trading V999 Tokens. You would be the Genric token owner. Just like banks, each time a V999 token (i.e. A transaction fee is charged for each transaction, such as when a V999 token is sold to buy Bitcoin or other Crypto currencies. Each transaction that takes place is charged a Transaction Fee.

Noting that once a Trade is completed and a V999 Token has been sold in exchange for Bitcoin or another Crypto coin, a small percentage of the Transaction Fee is paid by the GENERIC OWNER to that token (i.e. YOU). YOU.

This could create a great passive income for your life. It is also Willable to your heirs – there is no bank involved.

The more V999 tokens you purchase and put into circulation, the greater your Residual income – not only for your life but also for your dependents – will be.

Are you curious enough to learn more? Click here.

If you’re looking to join the Crypto E-Commerce ecosystem, move your assets from FIAT currencies into digital gold with the brand-new V999 Gold-backed Token Crypto Coin to grow and protect your assets, you’re already a winner. You can also eliminate the Banks and their fees by trading your assets instantly using Robots. This will allow you to make a profit that is 100% yours. You also get a small percentage of each trading transaction fee when you trade your V999 tokens. You also get a commission if your Buyer trades your Generically Owned V999 tokens. This generates ongoing residual income. What if you spread the word and get others to join your team? You win again. (Click here to see a link to my team.

Leave a Reply

%d bloggers like this: