The Time Has Come for a Banking Revolution
The Time Has Come for a Banking RevolutionWhen I was a child living in South Africa in the 1970’s I used to love getting a postal order (similar to a cashier’s check) from my aunt in UK on my Birthday. I would go to the post office in Durban and cash it in for Rand and spend it like any 10 year old boy would, on whatever I liked!
Eventually when I got older, my Mom told me that she had received the postal order weeks before as my aunt had sent it at the beginning of November to make sure I got it for my birthday at the end of November.
I wonder how many other aunts sent their expatriate families cash for birthdays, Easter, or Christmas and to now think the banks kept all that cash gladly in their vaults for a month or longer.
The movement of cash has always been a controversial issue as anyone in business knows all too well. We all know how stressed a business owner feels around those dreaded bank holidays and festive periods that add vital days to your cash flow leaving you red faced on salary day when it’s all out of your control. We have all been in that position where we are checking the bank 2-3 times a day to see if cash has arrived.
The statistics tell us cash flow is one of the most prevalent reasons why businesses fail.
It’s not difficult to be swayed by controversial theories about bankers. For example, cash lent to both sides of world wars and the “creation” of the petrodollar all add to the feeling of how we, the general public, are just puppets controlled by elitism and cronyism.
Unless you have been living under a rock for the last twenty years you will be dismayed or shocked like I was to learn that the Federal Reserve is a private company managing the cash of most developed nations on Earth, and the ones that are not controlled by this banking family are certainly drawn into a war of bad feelings on social media.
Those who corrupt the public mind are just as evil as those who steal from the public purse. -- Adlai Stevenson
I was also intrigued and annoyed at the same time when educated friends of mine told me why banks shut early and what they actually do with your money overnight that borders on corrupt... They trade your cash all night long. “The Richest Man in Babylon" is a bestselling book full of the best quotes you can ever read about the basics of developing wealth, and bankers know this more than anyone.
Money works for money and accumulates like a virus. If you have knowledge and wisdom to invest in the right things so your hard earned $100 is put to some very good work in the bank while you sleep, and for every day the banks can hold onto your money the more rich they get. So:
“Put each coin to work so that it may reproduce its kind even as the flocks of the field and help bring to you more income, a stream of wealth that will flow constantly into your purse.” -- George S. Clason
“3-7 working days to get access to your money is a travesty of our age, it makes families go hungry, children miss birthdays, and is a killer of so many fantastic startups”
The revolution has already started with cryptocurrencies. Forgetting for a minute how initial coin offerings (ICO’s) have made thousands rich very quickly, their unique selling points are still anonymity, instant cash, and blockchain.
Anonymity means that you can send money to very poor areas of the world instantly without bankers stopping and spending weeks checking the sender and the receiver’s criminal records. When sending funds to poorer countries, the traditional banks tell you that the time taken to check is about money laundering prevention, yet we all know by now having cash in their accounts even over one 24 hour period is convenient and extremely profitable for them! It’s your hard earned cash and it should be profitable for you!!
Instant cash makes it possible to transact money within minutes; for example, crypto coin is added to your wallet after being sent.
Blockchain represents the revolutionary algorithms meaning that funds are confirmed by miners on massive computers and a secure system is free of human bias and corruption. So valuable is the blockchain that it is being considered for government elections and examinations in the education sector.
Gold is also a commodity that should be included in every person’s portfolio. When fiat currencies and other financial vehicles crash, Gold will always be used to buy other commodities needed. The result is that the banks try to keep as much Gold as possible. Bankers know it’s the most trusted and valuable asset one can have, because it’s price varies very little and always keeps up with inflation.
So imagine a way that enables sending cash, gold AND crypto currencies from one simple app on your phone across the world, and on the instant!
WinstantPay is the way you can start managing your own finances from your phone, send your niece $50 for her birthday today, pay your staff right now/on time, and keep your business running effectively, as it will give you control over the cash flow that you’ve never had before.
WinstantPay brings Fintech and the traditional banking system together, enabling everybody to make and receive instant payments, in any currency, including commodities such as Gold and cryptocurrencies like Bitcoin, and Etherium.
Furthermore, they can enable small banks and financial institutions such as FX brokers facing challenges in finding correspondent banks to offer currency exchange and global payment services. We are doing this through our unique crypto-secured exchange platform,
The day of the big banks control are coming to an end and Viva la Revolution I say!
WinstantPay is a global payment network providing merchants and individuals a reasonably priced global final payment in an instant, in any currency, anywhere, anytime, with integrated anti-money laundering (AML) compliance that reduces time, costs, risks associated with payments. Serving financial institutions of all sizes for the last 18 years with financial services, software development, and business support, WinstantPay is also a founding member of WorldKYC-AML. For more information on how WinstantPay can deliver cutting edge business, visit our website and follow us on Linkedin, Twitter, Facebook, Medium, and Github.