ICO WORLD BIT BANK
Customers therefore prefer to keep cryptocurrency in the custody of third-parties. This method eliminates one of the key properties of cryptocurrency, that is controlling own assets. There is also the problem of the wallet using only one cryptocurrency. World Bit Bank customers will not have to be limited to a single cryptocurrency. They will have access to the whole range of assets. The WBB Wallet mobile application — a mechanism which merges tokens and a debit card — offers a solution to these problems. The project consists of the following: World Bit Bank debit cards and the WBB Wallet. World Bit Bank debit cards are traditional Visa/Mastercard debit cards. Payments are made in cryptocurrencies, including the ERC20 standard, i.e. one can pay in BTC, ETH and other cryptocurrencies over a cup of coffee. The WBB Wallet is a mobile application. The result is the opportunity to use cryptocurrencies in the real world. For example, John holds the World Bit Bank debit card and wants to buy potato chips for $3. John 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 John 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 WBB Wallet.
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.
Behind the idea is a company Vitsolutions, LLC founded in 2016 and World Bit Group, which were officially authorized by the European Union to create an exchange, virtual wallet services, that is, all legal aspects are clearly observed.
An electronic money fund.
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.
WBB Wallet mobile application which is a mechanism that merges tokens and a debit card. The project includes the World Bit Bank debit cards and WBB Wallets. Payments can be made in Cryptocurrencies, including the ERC20 standard.
We are all used to using debit cards, the team took into account and this moment released their own. By the way, everybody can be obtained even for free at certain amounts of participation in the sale of tokens.
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).
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 a unsupporting for customer. The unique database of the customers clients are created through blockchain.
A default block of the Bank of the World of the Bit will be created for the destination item and the customer clients are secure and only access only to the banks are a WBB section. Blockchain used for the making a file of the 'permanent' file specified list of customer. The bank account, the property, the useful account and the calendar of the customer customer can be used as a another certificate - or the blocks for the string.
Date: April 27, 2018 - June 27, 2018
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).
ANN thread: https://bitcointalk.org/index.php?topic=3206437.0