World Bit Bank - legal currency bank – description

Bank as an institution, we know today, has been created in XVII century. And since that day it is influencing our daily life, dealing with a very sensitive sphere – finances. Thanks to the bank we not only can take a mortgage but also instantly transfer money or pay a bill with a card. But in the new economy, normal banks becoming out of date. Meet World Bit Bank. A bank of the future.

I guess among the people immersed in the cryptocurrency world not many would refuse a statement that “cryptocurrencies are a base for a new economy”. But even a new economy (built on more equal sharing), needs some old financial tools like banks. Although, traditional banks are not so keen to use a cryptocurrency potential fully. The empty gap between the crypto holders expectations and banks attitude tried to fulfil the crypto banks. Still the lack of payment structures, bank licences or real revenue disturbed in their mass adoption.

What World Bit Banks want to do is a kind of a merge between the institutional banks and the crypto ones. How to make it? Old, traditional way - by buying. World Bit Bank plans to buy already existing banks in different countries (USA, Canada, Brazil, Germany, UK, Switzerland, Turkey, India, Japan, Australia) and allow crypto holders to use their services. It is an easier solution than to build a bank from the ground, first of all, because of the already obtained licenses, secondly revenue and client factors. World Bit Bank wants to use already existing bank’s assets and introduce to their offer cryptocurrency services like: cryptocurrency loans, use of cryptocurrency in VISA/MasterCard debit cards, easy and cheap transfer and exchange of cryptocurrencies.

Besides, the traditional financial services bank offer, World Bit Bank will also include:

• a leasing company;
• an insurance company;
• a cryptocurrency fund.

On the attached picture you can see top WBB bonuses. As I already wrote World Bit Bank allows to use a Visa/MasterCard to pay with the cryptocurrency. To make it possible the bank will provide an exchange.

What makes this project unique?

World Bit Bank has been registered in Estonia and already gained some licenses like "Virtual currency against fiat currency exchange license" and the "Virtual currency wallet service license".

It means that World Bit Bank can act absolutely legally and as based in EU institution use intern market privileges. What is even a better news, World Bit Bank headquarter will be based in Zug, Switzerland – kind of silicon valley for the cryptocurrencies.

If you would like to learn more about the World Bit Bank check the links below:

Project website: https://wbb.io/
Whitepaper: https://wbb.io/file/images/137/4/White%20Paper%20-%20World%20Bit%20Bank-EN-7.pdf
Bitcointalk thread: https://bitcointalk.org/index.php?topic=3206437.0
Bitcointalk thread: https://bitcointalk.org/index.php?topic=3206437.0

Social media channels:

Facebook: https://www.facebook.com/WorldBitBank/
Telegram: https://t.me/WBBCoin
Twitter: https://twitter.com/WorldBitBank

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Disclaimer: this is NOT investment advice. This is purely my opinion, based on facts found on the project website, whitepaper, social media and etc. Please do your own research and decide if it qualifies with your risk profile.

Anna Hare

https://bitcointalk.org/index.php?action=profile;u=1754481

P.S. This is just a first article about WBB. Check my Steemit profile or ruth.news website frequently to learn more about this project.