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 Crypto currencies are used only by people who want 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 crypto currencies was "Simply because there's no legal procedure to support me in case a dispute arises."That's when I realized the need of a centralized system-like decentralized crypto currency 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.
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
How does World Bit Bank 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 Crypto currency worldwide as long as they have any digital money on their wallet.
The World Bit Bank (WBB) project offers a new solution developed from blockchain technology and related to 5G finance, specifically: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.
In a banking system, transactions between banks, one of them on the instructions and at the expense of the other bank, are always conducted through a central bank. These transactions are carried out using numerous central copies and in a single payment system. In order to minimise the risk for the contractor, each bank must maintain a reserve account for each payment system.
Wibcoin (WBB) Crypto currency
Wibcoin(WBB) token in introduced by the WBB based on the Ethereum blockchain. This is designed as a public cryptocurrency for digital services such as payments, currency exchange, and value maintenance. Wibcoun (WBB) is the unit of accounts of all transactions in this ecosystem.The Wibcoin (WBB) token will be sold on the Ethereum public blockchain as an ERC20 standard.1 000.000.000 Wibcoin (WBB) tokens will be issued.
Debit card
For the payments of Cryptocurrencies WBB isuues several VISA/Master debit cards as well as cards of other payment systems.Debit cars of WBB supports most Cryptocurrencies, such as Bitcoin, Dash, Ethereum and others.Low charges on tarnsactions and money transfers.
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.After Pre-ICO, the Wibcoin (WBB) token will be trading at the following exchanges: Kraken, Bitstamp, Bittrex, Bitfinex, Polonix, Binance, HitBTC, Yobit.net.
Benefit,
MasterCard debit cards to provide for storage and exchange of cryptocurrencies.
Lowered transfer and transactional costs(90% reduction in costs)
Easy access to the history of the monetary event
Unlimited instant payments, contactless payments through NFC, mobile banking and wallets, and much more. (3 seconds timespan)
In compliance with the EU norms, which is a fully secure and robust financial market
Payments anytime anywhere.
Client security through the blockchain
Easy storage of digital assets
Cashback and loyalty programs
All classic banking features using crypto currencies
Project Development Plan
27.04.2018–27.06.2018
PRE-ICO and raising:
SOFT CAP €500 thousand, development of the WBB Wallet and development of the WBB Exchange;
HARD CAP €25 million on acquiring one existing bank in Europe.
27.06.2018–01.09.2018
Acquisition of an existing bank in Europe;
Rebranding the bank to World Bit Bank;
Development of the WBB Mobile Banking prototype;
Development and introduction of the WBB Wallet;
Development of the WBB Exchange;
Establishment of the WBB Fund;
Establishment of the “WBB Depositary (storage of digital assets);
Issuing bank customers Visa/Mastercard cryptocurrency debit cards.
01.09.2018–31.12.2018
ICO and raising 250 million € for acquisition of nine existing banks (scaling).
31.01.2019–31.12.2019
Acquisition of nine existing banks in the following countries
USA,Germany,Switzerland,UK,Canada,India,Japan,Australia ,Brazil ,Turkey
Rebranding the banks to World Bit Bank.
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).
At PRE-ICO we will raise: (now PRE- ICO Live),
1.000.000.000 Wibcoin (WBB) tokens will be issued.
1 WBB token has a price of €1.
For buying 100 – 500 Wibcoin tokens, a 10% bonus will be offered.
For buying 500 – 1000 Wibcoin tokens, a 15 % bonus will be offered.
For buying 1000 – 5000 Wibcoin tokens, a 20 % bonus will be offered.
For buying 5000 – 10000 Wibcoin tokens, a 25 % bonus will be offered
BUY WIBCOIN TOKEN : HERE
Token Allocation
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Conclusion
A radical approach to the financial ecosystem has shaken many fundamental principles of the traditional banking and financial institutions. People have to realize the infrastructure required for the market adoption of the cryptocurrency. There has been a flood of cryptocurrency exchanges and trading websites, who are thriving on the hopes of people making millions on the cryptocurrency investment.
But, the real growth in the cryptocurrency is still nowhere visible. The original aim of the cryptocurrency is to reduce the friction between people sharing value. Do you think that services offered by the platform are different from the other service providers? Are we ready for another platform offering cryptocurrency trading and exchange?
As with any investment do your own research, we do not rate ICOs or projects we just provide unbiased analytics and overviews for all to use.
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Prepared by:
Bitcointalk Username:D.A.Dias
Address wallet: 0x7BD039ADafd2FCb08068825f207BA6eF2c8Da40C