Currency, mainly cash, grew out of taxation. In the early days of ancient empires, annual taxation on one pig can also have been reasonable, but as empires expanded, this form of charge have become less suited.
However, for the reason that Covid situation, now not handiest have we appeared to transport to a “cashless” society, (as who desires to take care of potentially “dirty Virtual Currencies cash” in a shop), and with “contactless” credit score card transaction levels now extended to £45, and now even tiny transactions accepted, inclusive of a each day newspaper, or bottle of milk, receives a commission by way of card.
Did that there are over 5,000 crypto currencies in use already and of them Bitcoin functions rather in that listing? Bitcoin, particularly, has had a completely volatile trading records because it turned into first created in 2009. This digital cryptocurrency has visible a variety of motion in its pretty quick lifestyles. Bitcoins to begin with traded for next to nothing. The first real price increase came about in July 2010 whilst the valuation of a Bitcoin went from around $zero.0008 to inside the region of $10,000 or more, for a unmarried coin. This forex has seen some fundamental rallies and crashes on account that then. However, with the advent of what are called “Stable” coins – the ones sponsored by america Dollar, or maybe Gold, this crypto foreign money volatility can now be added under control.
But before we explore this new shape of Crypto-primarily based E-Commerce, as a technique of controlling and using our assets, together with our “FIAT” currencies, let’s first study how the Banks themselves have modified during the last 50 years or so.
Who recalls the best vintage Cheque Book? Before Bank Debit Cards came along, in 1987, cheques have been the principle way of shifting assets with others, in commercial transactions. Then with Bank Debit Cards, at the side of ATM’s, getting hold of 1’s FIAT belongings have become a lot faster, and for on line commercial transactions.
The problem that has continually been gift with Banks, is maximum people needed at the least 2 private financial institution accounts (a Current account, and a Savings account), and one for each enterprise we owned. Also, seeking to flow cash out of your financial institution account “hastily” to mention a destination overseas, became anything like SWIFT!
The different trouble was the fee. Not simplest did we must pay a normal provider fee on every Bank Account, we additionally had a hefty fee to pay on every transaction, and, of direction, in very uncommon activities we’d now not get any worthwhile hobby, on money in our Current Account.
On pinnacle of all that, Overnight Trading, every night time, the use of expert economic investors (or, latterly Artificial Intelligence (AI) Trading systems), all of OUR belongings would be traded, and with the economies of scale, the Banks have become a Major Earner on our property – however no longer us! Have a observe the capability enterprise to be made from “OVERNIGHT Trading”.
So, to summarise, now not simplest do the Banks price a hefty charge for storing, and moving our belongings, by using using smart Trading techniques, additionally they make hefty income from buying and selling our cash on the Overnight circuit, for which we see no benefit.
The other point is – do you consider your Bank with all your assets?
How about what Bank of Scotland, who had been THE Scotland National Bank, now owed with the aid of Lloyds Banking Group, were these days labled, in a September press launch that stated “Lloyds Bank Asset Frauds – The Most Serious Financial Scandal of Modern Times.”
Why now not Google that web web page, and then make your own mind up?
So, now let us test how a Crypto-based E-Commerce device should operate, and how the advantages that the Banks loved with OUR money, can grow to be most important earnings centre for the Asset Holders – US!
On tenth October 2020, a major new Crypto-based E-Commerce organisation is being launched – FREEBAY.
Briefly, FreeBay, based totally in Switzerland, is a enterprise incorporating its own Blockchain era, with its very own SAFE Crypto Coin ( Based on V999 era ), and allows its individuals to switch their FIAT assets into Gold Bullion, eliminating the need to involve any BANK.
V999: virtual gold empowered by way of the blockchain; a digital token, subsidized by way of physical gold V999 Gold (V999) is a virtual asset. Each token is subsidized by using one 10th of a quality gram gold bar, saved in vaults. If you personal V999, you personal the underlying bodily gold, held in custody. On pinnacle of that, FreeBay individuals can buy applications that encompass powerful Automatic Intelligence-Based Trading Robots.
So now, you cannot only obtain overall independence from a preferred BANK, but you can additionally exchange, just like the Banks, your virtual Gold assets, within the form of V999 Crypto tokens, at the OVERNIGHT structures, most effective now you, the asset holder, get the rewards, no longer the Banks.
But there is even another wonderful advantage in trading V999 Tokens. As you would be the Generic owner of the token, so, just like the Banks, whenever a V999 token is traded (i.E. Sold), say, to buy Bitcoin, or any other Crypto currency, a Transaction Fee is charged. Every time a transaction takes vicinity, the popular proprietor of the V999 token receives a small percentage of that Fee.
Note, that when a Trade takes location, and a V999 Token is bought, in alternate for say Bitcoin, or every other Crypto coin, a small %age of that Transaction Fee is paid to the GENERIC OWNER of that token (i.E. YOU). Because Freebay’s objective is to make the V999 Token one of the maximum sought-after secure Crypto coins, even after your Token has been bought to every other Trader, as you are still the Generic proprietor of the V999 Token, each time that Token is traded by way of every other Trader, it is you – the Generic Owner of that Token that receives paid the Trading Commission.
This could not only create a tremendous Passive Income for you, for lifestyles, but is Willable in your descendants – and now not a traditional financial institution concerned everywhere.