AMP Token: How Wall Street Bets Can Completely Disrupt the Corrupt Monopoly of Banks and Payment Processors.
The following is my opinion and not financial or investment advice. I encourage you all to do your own research on AMP and come to your own conclusion.
How It Started:
With Wall Street Bets epic crowd-sourced short squeeze of parasitic hedge funds.
The story of Wall Street Bets will no doubt be documented on the big screen in the near future; A tale where not only were fortunes made over night by regular Joe’s, but done so at the expense of the corrupt and greedy elites in the process — Not to mention saving a couple of our favorite retail stores, GameStop and AMC from bankruptcy.
So…..
Where To Go From Here:
Disrupt the banking cartel’s hold on the payments industry with the Wall Street Bets Community supporting the AMP Token.
What is Amp?: The AMP token and its Flexa network is a decentralized payments network completely detached from the legacy banking system and traditional credit card companies like Visa and Mastercard. Amp allows you to spend your cryptocurrency and stablecoins at 39,000 retail locations in the US and Canada (including GameStop and AMC!), without touching and enriching the Visa, Mastercard, Amex or banking systems. In the near future, Amp will enable electronic cash payments as well.
Amp frees merchants and consumers from the shackles of high and stacking fees and unpayable debts, and incredibly, it allows these same consumers to own a piece of the network that is validating these transactions. In other words, we can cut out a main revenue driver for legacy banks AND own a piece of a new payment system for ourselves. With AMP, we become the payment processor by owning the token.
The Corrupt Payments System:
While sticking it to the hedge funds brings great satisfaction, the best way to truly revolutionize a corrupt kleptocratic system is to change the rules of the game that hurt main street every day. Banks have a monopoly not just on money supply but also on all fees when money is spent. Now, there is an entirely new economy (first dreamed of with Bitcoin and Ethereum), the Decentralized Finance economy (DeFi), being built outside the traditional banking system…and it has the plutocrats petrified. AMP is the vehicle by which cryptocurrencies and stable coins become spendable, without any banking interference.
The banking and card processing cartel has managed to park itself smack in the middle, for maximum profits, squeezing consumers and businesses by issuing credit cards and processing card payments for merchants. In the last year, JP Morgan has charged merchants $40B in fees from credit card processing, and not to forget, consumers are currently indebted to the bank for a cool combined $500B!
Visa, Mastercard and card processors are no better! They have been squeezing hard working small business owners out of hundreds of billions of dollars for years. Why can’t small business survive?…because the Amazons of the world get lower credit card processing fees than Mom and Pop stores on main street, allowing them to charge less for the same good.
What about a world where competition is fair, and all merchants can have lower fees than what the current credit card cartel is charging? Even better yet, what if the average Joe can own a piece of the payment network that is processing all these transactions? This is AMP, a company built by successful serial entrepreneurs, including a former NASA engineer, and former Amex employee who experienced the corrupt system from within, and is now striving to disrupt it.
How Amp saves consumers and merchants from the banking and card processing cartel:
Consumers:
1) Spend crypto or stable coins from YOUR self-custodied wallet and spend those tokens privately!
2) Completely fee free for consumers, with no sneaky late fees or , annual fees
3) Stay out of debt! No tempting opportunities to borrow at an always increasing %
Merchants:
1) Amp charges merchants a simple 1% processing fee per transaction, that’s a 66% discount over credit card processors
2) The Amp payment network is fraud free, with no chargebacks, or other holds that credit card processors “keep” for 90 days, which can be 30% of a merchant’s sales
Solution:
As a decentralized payment network, most importantly, AMP can be owned by you, as in ALL OF US, such that owning tokens means owning a piece of the network; which means owning a piece of the transactions that already occur on 39,000 merchants including, yes, GameStop and AMC.
DeFi, or decentralized finance has made it possible to run transactions without Visa and MasterCard’s archaic, inefficient, and exploitative system. The Flexa payment network with its AMP token is doing just that. Already working with some of our favorite vendors like, GameStop, AMC, Dunkin Donuts, and Home Depot, Amp offers the cheapest, most secure, fraud-proof transaction rail, and lives entirely outside the traditional banking system.
All other supposed “crypto payment” systems are simply traditional credit card offerings pretending to be crypto payments. They convert crypto to payments through a hidden layer of the Visa or Mastercard networks — with us average folk getting nothing out it except more hidden fees. With AMP Token, we actually own a piece of the network…no banks or credit card processors needed.
With their “diamond hands” WSB can once again do the unthinkable, take on the banking system, but this time through a systemic shift of wealth, by disrupting their golden goose — the payment system. The paradigm has no doubt changed as, where once the “master’s of the universe” had played uninterrupted for decades and felt untouchable, they are now facing a revolution — where technology, information, and a common understanding can unite regular folks into doing extraordinary things.
Go forth and build the Flexa Network and buy the Amp token. Below, find information on where to buy amp, details about its team and product, and links to its chat groups.
Engage with the Amp community:
Where to Buy Amp tokens:
Gemini Exchange: https://www.gemini.com/
Uniswap DEX: Uniswap Interface
Poloniex Exchange: https://poloniex.com/
