World Bit Bank – The World’s First Legal Cryptocurrency Bank
3 min read
The World Bit Bank (WBB) project is an extraordinary project, a project that will combine and integrate the development of technological blockchain into the existing financial and banking system.
Furthermore, the implementation of this project will facilitate demand for speed, and lower cost in processing real time monetary transactions in the World Bit Bank ecosystem developed by the WBB team and based on blockchain technology.
Financial transactions on the internet continue to increase, the demand for transaction speed and minimal transaction costs is a necessity. However, in the current financial system the amount of transaction costs is still a constraint, because each party involved in financial transactions charge a fee when we use their system.
Blockchain technology as the answer to the problem. but on the other hand using and storing cryptocurrency has a procedure that is difficult for a layman and plus a different digital wallet required for each cryptocurrency will be troublesome in real-world usage.
Solutions offered by WBB
World Bit Bank Answering the problem by inclusion of blockchain technology to the existing financial and banking system.
The WBB Wallet mobile app – a token and debit card mechanism – offers a solution to this problem. This project consists of the following items: World Bit Bank debit card and WBB Wallet.
The World Bit Bank debit card is a traditional Visa / Mastercard debit card of cards. Payments are made in crypto currency, including the standard ERC20, ie one can pay in BTC, ETH and other cryptocurrencies.
WBB Wallet is a mobile app. The result is an opportunity to use cryptocurrency in the real world.
WHAT is World Bit Bank?
WBB is an ambitious project and by the team has been prepared for the achievement of goals and implement the technology that will be implemented by this project. as a first step of a major requirement, the legality of handling banking and financial transactions is a license. The license that the project has in place to establish a bank. and World Bit Bank have obtained the License and registered in the EU and are headquartered in Zug, Switzerland.
This cryptocurrency bank project will involve the purchase of 10 existing and existing banks in the world of conventional banking, the purchase of these banks is done in countries such as the United States, Canada, Germany, Switzerland, Britain, Japan, India, Autralia, Turkey and Brazil . Then integrate all these banks in a blockchain and cryptocurrency technology.
and one of the best parts of this project is the first bank will be purchased in the EU. The banks will have the necessary licenses as they are already operational.
Our goal is provide a quality complement for traditional banking sector service with electronic platforms, integrate cryptocurrencies in bank operations and help ordinary people use cryptocurrency in everyday life.
WHY US :
1. Debit Card 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.
Unlimited instant payment in cryptocurrency
Low charges for transactions and withdrawal of funds
4. Legality, reliability
Fully legal cryptocurrency which can be used for business and paying taxes.
Conducting online currency exchange transactions, including with cryptocurrency (buying and selling cryptocurrency)
Real-time payments anywhere in the world.
Highest security of storage of digital assets of customers.
Access to the entire history of events (monetary transactions).
Comparison between Traditional Banks, Crypto Bank and World Bit Bank
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 underway.
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.
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 (VirtualElectron, Classic, Gold, Platinum) in crytocurrency;
Preparation for ICO of the World Bit Bank project.
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.
One Wibcoin (WBB) token has a value of € 1
SOFT CAP = € 500 thousand equivalent to 667.61 ETH (at an exchange rate of € 748.941ETH, as of 16.02.2018).
HARD CAP = € 25 million equivalent to 33 380.51 ETH (at anexchange of € 748.941ETH, as of 16.02.2018).
SOFT CAP = € 250 million equivalent to 333 805.11 ETH (at anexchange of € 748.941ETH, as of 16.02.2018).
HARD CAP = €500 million equivalent to 667 610.22 ETH (at an exchange of € 748.941ETH, as of 16.02.2018).
World Bit Bank Team
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