World Bit Bank - legal cryptobank, pay with cryptocurrency anywhere

lex1k (34)in #wbb • 6 years ago

The company developed technologies and created an international crypto-currency bank under the World Bit Bank (WBB) brand. It corresponds to the Estonian laws on combating money laundering and financial terrorism.

The bank works on two key technologies. The first is mobility, for real-time cash transactions, and the second, with Blockchain technology, for using crypto-currency as a unit of account in the World Bit Bank ecosystem.

This is where the World Bank Bit comes in. It aims to create a bunch of crypto banks with the help of which making services available for crypto users. In order to make sure that the users receive everything they want, WBB will embed the following:

A crypto exchange
Leasing company
Insurance company
Crypto fund

The differences between traditional banks and cryptocurrency banks

The goal that World Bit Bank aims to grab is to bring a new structure for the traditional sector of banking services using electronic mechanisms. Also, it aims to induce cryptos in the life of people for their everyday use.

The wallet offered by WBB is a mobile application, so it is possible to use cryptocurrency in the real world. The usage is quite simple, and transactions are instantaneous. The funds always remain under the control of the client. High security is provided by means of cryptography. The source and flow of funds between accounts are completely

Cost: If we look at the present banks, the money transfers make us pay a lot more than the required commission. For ex: talking of Paytm banks, that deducts 10% of every money transfer done. WBB aims to wipe that off and bring in low cost transaction methods.

Transparency: Everyone can have access to anything in the banking history and background.

Speed: Make instant payments as many times as you want. The whole process is as fast as flying an airplane.

In the banking system, transactions between banks, one of which on behalf of and at the expense of another bank, are always conducted through the Central Bank. These operations are carried out using multiple central copies and in a single payment system. To minimize the risk for the performer, each bank must have a reserve account for each payment system.

The pre-ICO will raise a soft cap of 500 thousand Euros which will be more or less equal to 667.61 ETH. However, the hard cap is 25 Million Euros.

One Wibcoin (WBB) will have a value equivalent to 1 Euro. The soft and hard cap of the ICO corresponds to: 250 Million Euros and 500 Million Euros respectively. As soon as the ICO is over, the customers will have the opportunity to use the services offered by World Bit Bank.

The project itself consists of components: payment cards WBB and mobile application WBB Wallet. WBB customers will have access to the whole economy of the Crypto-currency, which means that we will not be limited to a couple of dozen tokens.

This world bit bank will definitely revolutionize the cryptocurrency field. It allows its customers to make payments by their cryptocurrency assets in real time anywhere in the world. It will be very successful. So, I recommend you all to participate in this valuable project.