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.
Features of the World Bit Bank
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.
It was registered in the EU and its goal is create cryptocurrency banks in different countries. They plans to create this cryptocurrency banks in countries like the United States, Canada, Brazil, Germany, UK, Switzerland, Turkey, India, Japan, and Australia. 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.
World Bit Bank clients will be able to purchase VISA/MasterCard debit cards to allow for payments in fiat currencies and cryptocurrencies. The company plans to launch cards that support bitcoin, Dash, Ethereum, and ERC20 tokens, allowing clients to easily spend their cryptocurrency funds wherever VISA and MasterCard are accepted. The cards will have contactless NFC-based payments. Users can top up their cards via the mobile app.
Finally, World Bit Bank will have a mobile banking application that users can use to facilitate international payments. This app will cut transfer costs by 90% and reduce transaction times to “about three seconds”, according to the official whitepaper. World Bit Bank plans to integrate their mobile banking app with PayPal, PayTM, Apple Pay, and other payment solutions.
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
World Bit Bank is creating a total supply of 1 million WBB tokens. Each token has a value of 1 EUR.
World Bit Bank has set a soft cap of 250 million EUR for the ICO and a hard cap of 500 million EUR. Money raised during the ICO will be used to acquire 9 existing banks, including banks in Japan, India, Australia, the United States, Canada, Turkey, Switzerland, Germany, and Brazil.
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).
World Bit Bank In Conclusion
World Bit Bank is a cryptocurrency bank with legal banking licenses in Estonia. The company currently has two banking licenses. They seek to acquire several more licenses. With the money raised from the upcoming ICO, the company hopes to acquire 9 banks worldwide.
More information you can find on these links:
Website: https://wbb.io/
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=3206437.0
ANN Thread: https://bitcointalk.org/index.php?topic=3206437.0
Facebook: https://www.facebook.com/WorldBitBank
Twitter: https://twitter.com/WorldBitBank