6 Largest Banks in America Now Backing New Form of Currency (HINT: It’s Not Bitcoin)
02.05.2015 BY STEVEN MOULIS
A new form of money – which, according to some experts, could actually render Bitcoin, PayPal, even traditional cash and credit cards obsolete – is set to make its “debut” this October.
And although you probably haven’t heard much about this new form of payment, at least not yet, anyway (most Americans haven’t)… rest assured, it is coming. And very soon.
TechCrunch, for one, calls it “the payment vehicle for 2015 and beyond.”
JP Morgan Chase calls it simply, “a game changer.”
And here’s the incredible thing…
Unlike bitcoin, President Obama recently signed a federal mandate that supports this innovative new form of payment.
That’s why the New York Times calls this development “groundbreaking” saying, “It could regularly replace cash, checks and credit cards.”
Already, the global financial community is quickly preparing for the massive “new money” overhaul:
- The six largest banks in America, including Bank of America, Citigroup, and Wells Fargo…
- The world’s largest payments processing firm, First Data Corp. which processes more than 2,000 financial transactions every second…
- Over 220,000 U.S. retailers, including McDonald’s, Walgreen’s, Staples, Toys ‘R’ Us, Target, Starbucks, Disney, Whole Foods, and Macy’s…
- Even the three major American credit card companies—Visa, MasterCard, and American Express…
These institutions – the fundamental backbone of the American financial system — have all signed on to back this new money initiative– what is likely be the biggest change to money in the U.S. in decades.
And things are moving quickly.
Recent “test runs,” for example, at businesses including McDonald’s, Whole Foods, Walgreen’s, and Starbucks were met with astounding success.
As Rep. Shelley Moore Capito, R-W.Va. says: “We are, I think, on a precipice of some fundamental change in the way money is exchanged between consumers and businesses.”
It could quite possibly be the single most perfect version of money ever created.
Dr. David Eifrig, who spent more than a decade on Wall Street working in arbitrage and trading groups at major investment banks, including Goldman Sachs, Chase Manhattan, and Yamaichi in Japan, has been closely following this rapidly developing story for the past several months.
According to Dr. Eifrig, “Right now, we are in the initial stages of a totally new economic and financial paradigm in America. This is going to alter the lives of millions of people… making some very rich… while leaving others behind.”
As Dr. Eifrig explained to me, like any emerging, transformational money megatrend – like the development of credit cards, debit cards and ATMs, and online banking – this new form of money is going to upend major, entrenched industries.
Anyone who knows what’s coming – and is positioned to take advantage – could become ridiculously wealthy.
Dr. Eifrig recently finished putting together a free online resource explaining exactly what is going on, what to expect, and how to position yourself to potentially make a lot of money in the months ahead.
To learn more about the coming money revolution in America and what’s really at stake, Click Here.
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