Are Banks closing or going insolvent? Last Friday two banks closed in Italy. I recently watched a documentary on the 1929 crash and banks closed with hundreds of thousands of people loosing their life savings just like the citizens in Italy loosing their life savings. Technology is advancing so fast that you can be your own bank and hold your own wealth. Transfers can be easily done via your smart phone and PC and large cities now have Bitcoin ATM’s. The head of the Commonwealth Bank recently conducted a million dollar investigation into Blockchain technology and said “If we don’t evolve we die”.
Do you trust your bank?
In the photo is a Trezor physical digital wallet where you can store your digital Cryptocurrency just like the local bank stores digital currency on their old antiquated systems. The future of banking is here now. Exciting times are ahead for the future of mankind.
This is the new digital currency frontier. Will you embrace it?
I have noticed many people in different industries (even Photographers) around the world now accepting digital cryptocurrency as a form of payment for their services. You no longer have to wait several days for a transfer as a transaction can be instantly done between a two professionals. Many years ago I used to receive monthly payments into my bank account because the company I worked for used to earn the interest on holding my wages before making the transfer. This applies for all the banks where they lend out your deposit to other areas for investment (Mind you bad investments) What if the bank you hold your deposit have miss managed your life savings and have not told you but day after day week after week you keep propping up your bank to one day poof it is all gone.
Thank you to the tech minded people for leading the way and opening our eyes to innovation in payment services and to help cut out the big greedy Donald duck bankers. Say goodbye to the Snake Oil Salesmen at the local bank asking if you want another home loan or credit card that sucks you in at ridiculous interest. Say goodbye to all those hidden fees and $2 dollar fees on cash withdrawals at every ATM. Say hello to the future where you can be independent free and alive.
is it time to become your own bank?.
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