The earliest forms of banking likely date back to the creation of the first currencies, and possibly much further in history than that. Taxation was the genesis of currency, particularly coins. A tax of one pig a year would have been acceptable in the early days of ancient empires, but as those empires grew, such a small contribution became less attractive.

Since the Covid incident, however, not only do we appear to have moved toward a "cashless" culture (since who wants to handle potentially "dirty" money in a shop), but the maximum amount that may be spent in a single transaction using a "contactless" credit card has risen to £45.

Did you know there are over 5,000 active crypto currencies, with Bitcoin being one of the most prominent? Particularly since its inception in 2009, Bitcoin has experienced extremely erratic price fluctuations. PNPCOIN There has been a lot of activity involving this digital currency in its brief existence. When Bitcoins first hit the market, they were worth almost nothing. In July of 2010, the price of a single Bitcoin rose dramatically, from about $0.0008 to over $10,000 or more. Since then, this currency has experienced both dramatic price increases and decreases. This volatility of crypto currencies, however, can now be controlled with the advent of "Stable" coins, which are backed by the US Dollar or even Gold.

Let's take a look at the evolution of banks over the past half-century before we delve into this new era of Crypto-based E-Commerce as a means of managing and transacting with our assets, including our "FIAT" currencies.

Who else longs for the days of the trusty Cheque Book? In commercial transactions, cheques were the standard method of exchange until the introduction of debit cards in 1987. The advent of ATMs and bank debit cards made it more easier to withdraw fiat currency and conduct business online.

We've always had to deal with the issue that most people need two personal bank accounts (a Current account and a Savings account) plus one for each business they own. As an additional example, consider the time and effort required to "swiftly" transfer funds from your domestic bank account to an international one.

The price was also a concern. In addition to the monthly service fee for each Bank Account, there was also a significant price for each transaction, and the interest earned on funds in the Current Account was negligible at best.

Not only that, but all of OUR assets would be traded every night during Overnight Trading by professional financial traders (or, more recently, Artificial Intelligence (AI) Trading systems), and thanks to economies of scale, the banks would make a killing off of OUR assets while we made almost nothing. Check out "OVERNIGHT Trading's" profit potential.

So, to sum up, the banks not only charge us a heavy fee for storing, and moving our assets by using smart Trading tactics, but they also generate hefty profits from trading our money on the Overnight circuit, from which we derive no advantage.

Another consideration is whether or not you fully put your faith in your bank.

How about the recent labelling of Bank of Scotland, once known as THE Scotland National Bank and now owed by Lloyds Banking Group, as "Lloyds Bank Asset Frauds - The Most Serious Financial Scandal of Modern Times" in a press release from September?

Do some research on your own by looking up the website in question.

Let's examine the ideal workings of a cryptocurrency-based electronic commerce system and how the benefits experienced by banks with OUR money may be turned into a major profit centre for the Asset Holders - US!

On October 10th, 2020, FREEBAY, a groundbreaking new cryptocurrency-based online marketplace, will be live.

In a nutshell, FreeBay, headquartered in Switzerland, is a firm that uses its own Blockchain technology, issues its own SAFE Crypto Coin (based on V999 technology), and allows its members to convert their FIAT assets into Gold Bullion without the intervention of a bank.

V999: blockchain-enabled digital gold; a digital token backed by actual gold A cryptocurrency known as V999 Gold (V999) exists. There is one exquisite gramme of gold every token locked up in a safe. If you have V999, you also have custody of the underlying gold. Additionally, FreeBay offers bundles with potent AI-based trading robots for sale to its subscribers.

You can now not only become financially independent of traditional banks, but you can also trade your digital Gold assets on the OVERNIGHT systems using V999 Crypto tokens, just like the Banks do.

Trading V999 Tokens also has another major benefit. As you would be the Generic owner of the token, so, like the Banks, every time a V999 token is traded (i.e. sold), say, to purchase Bitcoin, or any other Crypto currency, a Transaction Fee is charged. Every time a transaction takes place, the generic owner of the V999 token gets a small percentage of that Fee.

Note, that once a Trade takes place, and a V999 Token is sold, in exchange for say Bitcoin, or any 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 most sought-after safe Crypto coins, even after your Token has been sold to another Trader, as you are still the Generic owner of the V999 Token, whenever that Token is traded by any other Trader, it is you - the Generic Owner of that Token that gets paid the Trading Commission.

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

So, the more V999 Tokens you buy, and get into circulation, the bigger and better with your Residual Income - for not just your lifetime, but probably for your dependants - could become a reality.