WORLD BIT BANK: THE WORLD’S FIRST LEGAL CRYPTOCURRENCY BANK

Recently, a lot of hustle and bustle has been going on about the cryptocurrencies across the world, and that includes India as well. Since I write a lot on blockchain and cryptocurrencies, I decided to do a survey amongst my best friends who are interested in technology regarding cryptocurrencies.

The results were hilarious, Some of were of the thought that Cryptocurrencies are used only by people who want to evade tax and launder money, and according to some, this is only for millionaires. But then, I asked a very serious investor uncle of mine, and his response on why he didn't invest in cryptocurrencies was "Simply because there's no legal procedure to support me in case a dispute arises."That's when I realized the need for a centralized system-like decentralized cryptocurrency bank, that will pave the way for their mass adoption. That's exactly what World Bit Bank does.

What is World Bit Bank project?

World Bit Bank is a project that will create a group of electronic money banks by buying existing banks in different countries. World Bit Bank facilitates fast and inexpensive real-time currency transactions based on blockchain technology. The project will kick off based on companies within the EU-registered World Bit Group. The head office will be located in Zug, Switzerland. The team implementing the project consists of banking, IT, marketing and financial experts, as well as lawyers who will establish the business to make a profit and create quality products for the business and its customers.

WORLD BIT BANK FEATURES AND BENEFITS

• Low charges for deposit and withdrawal of funds
• Fully legal cryptocurrency which can be used for business and paying taxes
• Cryptocurrency on your VISA/Mastercard debit card and debit cards of other payment systems
• Cashback and loyalty programs
• Own cryptocurrency exchange
• Leasing company
• Accepting any cryptocurrency for payment
• Exchange (buying and selling of cryptocurrency)
• All classic bank transactions using cryptocurrencies
• Trust management of cryptocurrency portfolio and other features
• Conducting online currency exchange operations in cryptocurrency
• Servicing of electronic wallets with an exchange feature

DEBIT CARD

For WBB electronic payments, there are multiple VISA / Master debit cards as well as cards for other payment systems.
Bank of Debt supports most types of electronic money, such as Bitcoin, Dash, Ethereum, and others.
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.

Following Pre-ICO, the Wibcoin token (WBB) will be traded at the following exchanges: Kraken, Bitstamp, Bittrex, Bitfinex, Polonix, Binance, HitBTC, Yobit.net.
Benefit : Low cost of money transfer and transfer.
The World Bit Bank project will create an electronic money bank that will provide a full range of traditional banking services using electronic money. The company now has two banking licenses. With the proceeds from the ICO coming soon, the company expects to have 9 banks around the world.
The World Bank Bit Project will create a cryptocurrency bank that will provide a full range of traditional banking services using cryptocurrency.

PARTNERS:

EXCHANGE:

World Bit Bank is developing the WBB Exchange software product based on the distributed ledger technology (blockchain) through which online currency exchange transactions, including with cryptocurrencies (buying and selling cryptocurrencies) will be made.g

ACCESS:

Real-time payments anywhere in the world.

SECURITY:

World Bit Bank will employ blockchain technology to secure client cryptocurrencies.

KYC process procedure:

KYC is a procedure to be made from the start from the customer and in the working. Double when this must be against an argument and an unsupporting for the customer. The unique database of the customer's clients is created through blockchain.

Solution offered :

WORLD BIT BANK is another platform with unique services for the cryptocurrency users. Based on the blockchain technology, it aims to revolutionize the world of cryptocurrency. Instant crypto to crypto exchange is one of the top services offered by the cryptocurrency exchange. Cryptocurrency trading would be much easier and smooth with the 24/7 customer service available on the platform. Bringing a smooth bridge between the world of fiat currency and cryptocurrency is another unique feature of the platform.

WBB mobile wallet application is provided to the users of the platform for the storage of the cryptocurrency. They have also launched Credit/debit cards, which can be utilized for the payment in the real world using the cryptocurrency. Storage of the digital assets is provided on the platform. Security, transparency, and reliability are the key metrics on which the different services of the platform are designed.

Cashback and loyalty programs exist on the platform for the users to earn cryptocurrency. The platform offers an inclusive opportunity to all the cryptocurrency users to adopt the cryptocurrency in their life. They have laid out a detailed plan for the future of the platform. They will buy banks in different countries for the expansion of the platform.

ICO DETAILS

A total of 1 billion WBB will be issued.
Price: 1 WBB = € 1
Pre-ICO softcap: 667.61 ETH or € 500,000 (at an exchange rate of € 748.94\1ETH, as of 16.02.2018).
Pre-ICO hard cap: 33,380 ETH or € 25 million (at an exchange of € 748.94\1ETH, as of 16.02.2018).
ICO softcap: 333,805.11 ETH or € 250 million (at an exchange of € 748.94\1ETH, as of 16.02.2018).
ICO hardcap: 667,610.22 ETH or €500 million (at an exchange of € 748.94\1ETH, as of 16.02.2018).

PRE-ICO FUND USE

75% - Purchase of a bank
10% - Marketing
10% - Development
5% - Salary fund

ROADMAP

2016
• IT company Vitsolutions, LLC, for the development of mobile applications and financial technologies, established.
• The team of banking experts and software developers assembled.
• Work on the World Bit Bank project underway.
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.
• Cooperation agreements with advisors and business partners of the project.
• Project concept formulation.
27.04.2018
Commencement of the PRE-ICO stage for creating the World Bit Bank prototype: Purchase of a bank in Europe, rebranding and all necessary procedures, launch of the first bank under the World Bit Bank brand; Creation and realisation of card product packages (Virtual\Electron, Classic, Gold, Platinum) in cryptocurrency; Preparation for ICO of the World Bit Bank project.
Q4 2018
ICO and sale of Wibcoin (WBB) tokens for purchasing 9 banks in various global financial jurisdictions under World Bit Bank brand. In particular, alternatives to purchase banks in USA, Canada, Brazil, Germany, Turkey, UK, India, Japan, Australia and Switzerland are under consideration.