P2P (Person-To-Person) Payment Systems
By Tommy-Usury: Free

Conventional P2P payment systems involving orthodox 'usury-bearing' cash have existed on the internet since the mid-1990's. These differ from 'usury-free' time currency P2P payment systems in many ways BUT most significantly. All conventional P2P payment systems transferrring 'usury-bearing' cash are flawed by the function of 'usury'

The pioneer of P2P payment systems is Pay Pal of Palo Alto, California which was introduced in 1991 and now boasts of approximately 10 million customers who still rely on exchanging 'usury-bearing' federal money because they do not yet know about 'usury-free' time currency. While Pay Pal's service gets a person's attention with an email heading that says: 'You've Got Cash,' the recommended heading for transferring 'usury-free' time currency traders is: 'You've Got Time.'

The users of e-Bay.com are familiar with 'Billpoint.' Yahoo.com introduced 'PayDirect' in 2002 and Citibank entered the 'usury' game of electronic transfers with 'C2it' in 2000. Various other small P2P players have already been bankrupted by the 'usury' system which they sought to serve: 'PayMe,' 'PayPlace.' and 'PayPro.'

An article in The Toronto Star, Monday February 11th, 2002, in the High Tech Section, Pages E6 -E7 introduces a new Canadian player, 'CertaPay' which claims to be different. CertaPay Inc's principals, CEO, Michael Ginsberg, President, Harry Enchin and Chairman, Brad Bradeau are currently negotiating with Royal Bank Brass in an effort to convince Canadian to embrace their P2P service.

One wonders if the Royal Bank Brass will fully explain to the CertaPay principals the significance of their logo - the lion without wings. Historically, centuries ago, any countries which experimented with 'usury-free' currencies adopted the 'winged lion' as a recognized symbol of 'usury-free' currencies.

Though it may be true that the Canadian Bankers' Association's recent survey shows that 60% of Canadian consumers are choosing to engage electronic technology to facilitate their orthodox, 'usury-free' banking transactions (ATM's, internet, telephone) this percentage will be altered significantly when Canadian consumers become 're-educated' and fully aware that they can create their own 'usury-free' time currency with NO FEE to any banking institution.

Why will Canadian consumers choose P2P 'usury-free' time currency exchanges in the future? Honest consumers with integrity and who are fully 're-educated' about the design flaw will definitely choose to create their own 'usury-free' time currency and likewise choose to spend it differently.

'Usury-Free' time traders have no motivation to conceal their financial information which is calculated in 'hours' and 'minutes.' In fact, time currency traders advocate full disclosure of their respective time currency accounts on a public web page where they openly volunteer to 'gift' their fair share of taxes in payments of 'hours' and 'minutes' to the respective levels of government.

John C. 'The Engineer' Turmel says: 'The introduction of 'usury-free' time currency is going to impact the creation of money in a very significant manner in the future.'

Think About It!!

Why should we put up our collateral and use their (the bankers') tokens - otherwise called money - for a FEE, when we can now create our own 'usuryfree' time currency for FREE? Our 'usuryfree' time currency is backed by own our collateral and we can keep our own banking records so we no longer need to pay 'usury' and banking fees to banks in this 21st Century. By having our 'usuryfree' time transaction records posted publicly for all participants to see we no longer need any person or group to do our banking for us. We can do our own.
 You are invited to read more about 'usuryfree' economics at The barter/LETS Cyberclassroom at this URL: www.cyberclass.net/bartable.htm