World Bit Bank : The world’s first legal cryptocurrency bank.

kogalum86 (39)in #blockchain • 6 years ago (edited)

The World Bit Bank project will create a group of cryptocurrency banks by acquiring existing banks in different countries (USA, Canada, Brazil, Germany, UK, Switzerland, Turkey, India, Japan, Australia) to service cryptocurrency customers to deliver the full range of financial services which includes cryptocurrency exchange, leasing company, insurance company, cryptocurrency fund.

Vitsolutions, LLC has been conducting technical development of the World Bit Bank project and researching innovative financial technologies and the blockchain technology since 2016. By covering a large portion of the globe, we will be able to provide millions of people with banking services using cryptocurrency in conventional banking operations. Such services include: cryptocurrency loans, use of cryptocurrency in VISA/MasterCard debit cards, easy and cheap transfer and exchange of cryptocurrencies and many more financial transactions we make every day.

Behind the idea is a company Vitsolutions, LLC founded in 2016 and World Bit Group, which were officially authorized by the European Union to create an exchange, virtual wallet services, that is, all legal aspects are clearly observed.

To provide a full range of financial services, World Bit Bank will include:

exchange of electronic money;

a rental company;

an insurance company;

An electronic money fund.
The goal of World Bit Bank is to create electronic money banks in different countries around the world. Instead of building a completely new bank, World Bit Bank plans to acquire existing banks in countries such as the US, Canada, Brazil, Germany, Britain, Switzerland, Turkey, India. , Japan and Australia.
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Let us consider that a guy named Sam holds the World Bit Bank debit card and wants to buy say A Shirt. Sam has registered and set up his WBB Wallet account. He has also activated the function which allows transactions in multiple assets, say WBB or BTC.
Once Sam places the card over the scanner, the WBB Wallet system receives a query with transaction details from the Visa Network API. WBB Wallet queries the WBB or BTC exchange rate via its interface and also checks whether the wallet has sufficient funds.If the queries are successful, WBB Wallet approves the transaction and John receives an alert on the transaction on his phone. In the WBB Wallet application, John sees the exact number of WBB or BTC spent on the chips. World Bit Bank (WBB) enables bank customers to pay in any Crypto currency worldwide as long as they have any digital money on their wallet.

The World Bit Bank (WBB) project offers a new solution developed from blockchain technology and related to 5G finance, specifically:International Bank:

Easy to use and multi-platform support
Instant deals
Customers have full control over their money at all times, and the customer's money can not be processed without the approval of the customer.
Low or no transaction fees
Cryptographic security
Debit card
API with open source
Fully transparent about the source and movement of funds between accounts
The blockchain transboundariness will be employed in our World Bit Bank ecosystem as a registry for transactions between banks.
In a banking system, transactions between banks, one of them on the instructions and at the expense of the other bank, are always conducted through a central bank. These transactions are carried out using numerous central copies and in a single payment system. In order to minimise the risk for the contractor, each bank must maintain a reserve account for each payment system.

Wibcoin (WBB) Crypto currency
Wibcoin(WBB) token in introduced by the WBB based on the Ethereum blockchain. This is designed as a public cryptocurrency for digital services such as payments, currency exchange, and value maintenance. Wibcoun (WBB) is the unit of accounts of all transactions in this ecosystem.The Wibcoin (WBB) token will be sold on the Ethereum public blockchain as an ERC20 standard.1 000.000.000 Wibcoin (WBB) tokens will be issued.
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Debit card
For the payments of Cryptocurrencies WBB isuues several VISA/Master debit cards as well as cards of other payment systems.Debit cars of WBB supports most Cryptocurrencies, such as Bitcoin, Dash, Ethereum and others.Low charges on tarnsactions and money transfers.
Individuals and corporate customers who purchase Wibcoin (WBB) cards with a value of between 1 and 10 ETH, and 10 ETH or more, will be rewarded with a free debit card (VISA or MASTERCARD).

*CLASSIC - with an investment of 1 to 3 ETH
*GOLD - with an investment of 3 to 10 ETH
*PLATINUM - with an investment of 10 ETH or more

Investors who invest less than 1 ETH will receive a Virtual World Bit Bank Card.After Pre-ICO, the Wibcoin (WBB) token will be trading at the following exchanges: Kraken, Bitstamp, Bittrex, Bitfinex, Polonix, Binance, HitBTC, Yobit.net.

ICO details

SOFT CAP = € 500 thousand equivalent to 667.61 ETH (at an exchange rate of € 748.94\1ETH, as of 16.02.2018).

HARD CAP = € 25 million equivalent to 33 380.51 ETH (at an exchange of € 748.94\1ETH, as of 16.02.2018).

At PRE-ICO we will raise: (now PRE- ICO Live),

1.000.000.000 Wibcoin (WBB) tokens will be issued.

1 WBB token has a price of €1.

For buying 100 – 500 Wibcoin tokens, a 10% bonus will be offered.
For buying 500 – 1000 Wibcoin tokens, a 15 % bonus will be offered.
For buying 1000 – 5000 Wibcoin tokens, a 20 % bonus will be offered.
For buying 5000 – 10000 Wibcoin tokens, a 25 % bonus will be offered

ROADMAP:
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2016
IT company Vitsolutions, LLC, for the development of mobile applications and financial technologies, established.
Team of banking experts and software developers assembled. Work on the World Bit Bank project commences.
26.12.2017
Contract of intent to purchase a bank in Europe signed.
27.12.2017 - 26.04. 2018
Meeting with investors and presentation of the project to venture capital funds.
Project concept formulation.
27.04.2018 – 27.06.2018
Conducting PRE – ICO and raising 25 million euros for the purchase of an existing bank in Europe.
Preparation of documents for the purchase of an existing bank in Europe.
3Q 2018
Purchase of an existing bank in Europe. Development and commissioning of World Bit Bank software products.
Preparation for ICO of the Banking Group World Bit Bank.
4Q 2018
ICO and sale of Wibcoin (WBB) tokens for purchasing 9 banks in various financial jurisdictions around the world under the brand of the Banking Group World Bit Bank.
Rebranding the banks to World Bit Bank.
2019
Purchase of 9 banks in various financial jurisdictions around the world under the brand of the Banking Group World Bit Bank.
Rebranding the banks to World Bit Bank.