Best Credit Cards To Use For Rewards Personal Finance E Will Crypto-Based E-Commerce Destroy the Dinosaur-Style Banking Industry?

You are searching about Best Credit Cards To Use For Rewards Personal Finance E, today we will share with you article about Best Credit Cards To Use For Rewards Personal Finance E was compiled and edited by our team from many sources on the internet. Hope this article on the topic Best Credit Cards To Use For Rewards Personal Finance E is useful to you.

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

Banking, as we know it, has been around since the first coins were minted, perhaps even earlier, in one form or another. Currency, particularly coins, arose from taxation. In the early days of ancient empires, annual taxation on a pig may have been reasonable, but as empires expanded, this type of payment became less desirable.

However, since the Covid situation, not only do we seem to have moved to a ‘cashless’ society (like who wants to handle ‘dirty money’ in a shop), and with the levels of ‘contactless’ credit card transactions now increasing to £45, and now even accepted small transactions, such as a daily newspaper or a bottle of milk, are paid by card.

Did you know that there are already more than 5,000 cryptocurrencies in use and Bitcoin is high on that list? Bitcoin, in particular, has had a very volatile trading history since it was first created in 2009. This digital cryptocurrency has seen a lot of action in its rather short life. Bitcoins were initially traded for next to nothing. The first real price increase came in July 2010 when the valuation of a Bitcoin went from around $0.0008 to a region of $10,000 or more, for a single coin. This currency has seen major ups and downs since then. However, with the introduction of so-called “stable” currencies, those backed by the US dollar or even gold, this cryptocurrency volatility can now be controlled.

But before we explore this new form of Crypto-based e-commerce as a method of controlling and using our assets, including our “FIAT” currencies, let’s first look at how banks themselves have changed over the past 50 years or so.

Who remembers the good old checkbook? Before the appearance of Bank Debit Cards in 1987, checks were the main way to transfer assets with others, in business transactions. Then with bank debit cards, along with ATMs, getting FIAT assets was much faster and for online business transactions.

The problem that has always been present in banks is that most of us need at least 2 personal bank accounts (a checking account and a savings account) and one for each business we had. Also, trying to move money from your bank account “quickly” to say an overseas destination, was something like SWIFT!

The other issue was cost. Not only did we have to pay a regular service fee on each bank account, we also had a high fee on each transaction, and of course, very rarely did we get any worthwhile interest on the money in our checking account. account

Besides all that, During the night Trading, nightly, using expert financial traders (or, later, Artificial Intelligence (AI) trading systems), all OUR assets would be traded and with economies of scale. the Banks has become one of the main earners of our assets, but not us! Take a look at the possible business that can be done from “OVERNIGHT Trading”.

So, to summarize, banks not only charge a high fee for storing and moving our assets by using smart trading techniques, but they also make huge profits by trading our money in the Overnight circuit, for which we see no benefit .

The other point is: do you trust your Bank with all your assets?

How about what Bank of Scotland, which used to be THE Scotland National Bank, now owed by Lloyds Banking Group, was recently labeled in a September press release that claimed “Lloyds Bank asset fraud: the worst financial scandal of modern times.”

Why not Google that website, and then make up your own mind?

So now let’s see how a Crypto based e-commerce system should work and how the advantages that banks have enjoyed with OUR money can become a major profit center for asset holders, USA.

On the 10thth In October 2020, a new Crypto-based e-commerce company is being launched: FREEBAY.

In short, Switzerland-based FreeBay is a company that incorporates its own Blockchain technology, with its own SAFE Crypto Coin (Based on V999 technology), and allows its members to transfer their FIAT assets to Gold Bullion, eliminating the need to involve any BANK. .

V999: Digital Gold Powered by Blockchain; a digital token, backed by physical gold V999 Gold (V999) is a digital asset. Each token is backed by one-tenth of a gram-fine gold bar, stored in vaults. If you own the V999, you own the underlying physical gold, on hold. Additionally, FreeBay members can purchase packages that include powerful AI-based trading robots.

So now you can not only achieve full independence from a standard BANK, but you can also trade, like banks, your digital gold assets, in the form of Crypto V999 tokens, on the OVERNIGHT systems. only now you, the owner of the asset, get the rewards, not the banks.

But there is even another great advantage in trading V999 chips. How would you be the generic owner of the token, so like banks, every time a V999 token is traded (i.e. sold), for example to buy Bitcoin or any other cryptocurrency, a transaction fee is charged. Every time a transaction is made, the generic owner of the V999 token receives a small percentage of that fee.

Note that once a transaction is made and a V999 token is sold, in exchange for, for example, Bitcoin or any other cryptocurrency, a small percentage of that transaction fee is paid to GENERIC OWNER of that card (that is, YOU). Because Freebay’s goal is to make V999 token one of the most sought-after secure cryptocurrencies, even after your token has been sold to another merchant, as you are still the Generic owner of the V999 tokenprovided that such token is traded by any other trader, it is you, the generic owner of that token who is paid the trading fee.

This could not only create a great Passive Income to you, for life, but it is Willable to your descendants – and not a conventional bank involved anywhere.

Therefore, the more V999 tokens you buy and put into circulation, the bigger and better your residual income will be, not only for your lifetime, but probably for your dependents.

Interested enough to learn more? Then click here.

Video about Best Credit Cards To Use For Rewards Personal Finance E

You can see more content about Best Credit Cards To Use For Rewards Personal Finance E on our youtube channel: Click Here

Question about Best Credit Cards To Use For Rewards Personal Finance E

If you have any questions about Best Credit Cards To Use For Rewards Personal Finance E, please let us know, all your questions or suggestions will help us improve in the following articles!

The article Best Credit Cards To Use For Rewards Personal Finance E was compiled by me and my team from many sources. If you find the article Best Credit Cards To Use For Rewards Personal Finance E helpful to you, please support the team Like or Share!

Rate Articles Best Credit Cards To Use For Rewards Personal Finance E

Rate: 4-5 stars
Ratings: 6842
Views: 25901606

Search keywords Best Credit Cards To Use For Rewards Personal Finance E

Best Credit Cards To Use For Rewards Personal Finance E
way Best Credit Cards To Use For Rewards Personal Finance E
tutorial Best Credit Cards To Use For Rewards Personal Finance E
Best Credit Cards To Use For Rewards Personal Finance E free
#CryptoBased #ECommerce #Destroy #DinosaurStyle #Banking #Industry

Source: https://ezinearticles.com/?Will-Crypto-Based-E-Commerce-Destroy-the-Dinosaur-Style-Banking-Industry?&id=10364029

Related Posts

default-image-feature

International Finance Centre Hong Kong Lvel 10 8 Finance Street Trade, Jobs and Growth: Facts Before Folly

You are searching about International Finance Centre Hong Kong Lvel 10 8 Finance Street, today we will share with you article about International Finance Centre Hong Kong…

default-image-feature

Internal Control To Achieve Adequate Segregation Of Duties-Finance Records Symptoms of Fraud

You are searching about Internal Control To Achieve Adequate Segregation Of Duties-Finance Records, today we will share with you article about Internal Control To Achieve Adequate Segregation…

default-image-feature

Best Colleges In Washington State For Business And Finance Degrees 10 Law Schools You Ought To Know

You are searching about Best Colleges In Washington State For Business And Finance Degrees, today we will share with you article about Best Colleges In Washington State…

default-image-feature

Internal And External Sources Of Finance For A Limited Company Quick Guide to Implementing Business Intelligence, Data Warehousing & BPM

You are searching about Internal And External Sources Of Finance For A Limited Company, today we will share with you article about Internal And External Sources Of…

default-image-feature

Best Charts To Present Financial Data To Non Finance Peole Get the Most From Forex Tools – Predicting Prices With Forex Charts

You are searching about Best Charts To Present Financial Data To Non Finance Peole, today we will share with you article about Best Charts To Present Financial…

default-image-feature

Interest Not Taxable On Bonds Used To Finance Government Operations President Trump Mandated Concrete Border Wall Financing and Construction

You are searching about Interest Not Taxable On Bonds Used To Finance Government Operations, today we will share with you article about Interest Not Taxable On Bonds…