Introduction
Cryptocurrency is taking the whole world in a stroll in the recent times as its usage is increasing exponentially. People have been investing, buying and trading in terms of cryptocurrency now making the digital currency, actually a real one. A lot of companies have come forward to help in this initiative to make the world a bit smarter and World Bit bank is one of the biggest names among them who are trying to bring the digital currency into reality by the help of banks that exists.
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.
Features of World Bit Bank
absolute trans boundaries
cross-platform nature
easy usage
Instantaneousness of transactions
funds always under control of the client. The client's funds
Cannot be handled without the client's approval
low or zero transaction charges
high security thanks to cryptography
API with open source code
full transparency of source and movement of funds between accounts
Authentication
Why world Bit Bank?
Provides a global debit card which can be used anywhere.
Low charges for transactions
Transparency
Legality
Reliability
Exchange is easy and fast
Access and security
Services provided by World Bit Bank
Cryptocurrency on your VISA/Mastercard debit card and debit cards of other payment
Systems Low charges for deposit and withdrawal of funds.
Fully legal cryptocurrency which can be used for business and paying taxes
Cashback and loyalty programs
Own cryptocurrency exchange
Leasing company
Exchange (buying and selling of cryptocurrency)
Accepting any cryptocurrency for payment.
How does it work?
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 cryptocurrency worldwide as long as they have any digital money on their wallet.
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).
Token Allocation
Conclusion
Company's 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 and it is dedicated towards doing so.
With the future of crypto-currency, companies like World bit bank have a lot of potential to grow in this market in ahead future.
Website - https://wbb.io/
Whitepaper - https://wbb.io/file/images/137/4/WBB-WhitePaper-EN-2018-5.pdf
ANN - https://bitcointalk.org/index.php?topic=3206437.0
Telegram - https://t.me/WBBCoin
Published by - jaythelingly
Profile - https://bitcointalk.org/index.php?action=profile;u=2219586