WORLD BIT BANK: The World’s First Legal Cryptocurrency Bank

INTRODUCTION

World Bit Bank is a decentralized project which will allow absolutely anyone to become a participant in the modern financial market. This company is registered under all legislative norms of the legal field of the European Union taking into account all laws on combating financial terrorism and money laundering. The main goal of the project is to provide users with the opportunity to pay for purchases and services by any crypto-currencies around the world. That will significantly improve the quality of traditional banks by incorporating into their structure modern technology of blocking.
This project involves the development of new cryptocurrency, financial technologies and their integration into the existing financial and banking system. The whole technical part of the project will be based on two technologies, mobile and block technology. Mobile technology is designed to provide in real time user's money transactions. And the technology of blocking with its source code, allows to create a safe, reliable and transparent system.
e, the implementation of this project will facilitate quick and cheap monetary transactions in real time in the World Bit Bank ecosystem based on block chain technology.
That's why the developers of the project developed a mobile application WBB Wallet, combining these two areas. At the same time World Bit Bank will offer its customers a debit card (VISA / Mastercard) which is a better solution for the economy at large today.

Features of World Bit Bank

• Absolute trans boundaries

• Easy Usage

• Cross-platform nature

• Funds always under control of the client. The client's funds cannot be handled without the client's approval

• Instantaneousness of transactions

• 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 WBB Wallet works in the real World

Assuming Mr Smith holds the World Bit Bank debit card and wants to buy iPhone 8 for $550. Mr Smith 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 Mr Smith places the card over the scanner, the WBB Wallet system automatically 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 Mr Smith receives an alert on the transaction on his phone.
In the WBB Wallet application, Mr Smith sees the exact number of WBB or BTC spent on the iPhone. 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.

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 was 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 cards of WBB supports most Cryptocurrencies such as Bitcoin, Dash, Ethereum and others. Low charges on transactions 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.

Important/Benefit of World Bit Bank

• Wibcoin (WBB) makes payment, conduct exchange transactions anywhere, anytime in the world.

• it serves as a unit of account

• it serves as the foundation for interaction with other digital services.

• MasterCard debit cards to provide for storage and exchange of cryptocurrencies.

• Lowered transfer and transaction 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)

• Client security through the blockchain

• Easy storage of digital assets

• Cashback and loyalty programs

WORLD BIT BANK TOKEN (WIBCOIN)

The Wibcoin (WBB) is an ERC20 compliant token on the Ethereum blockchain. It is the unit of account of all transactions in the World Bit Bank ecosystem and can be used for common digital services like currency exchange, payments, value maintenance, etc. After the Pre-ICO, WBB tokens will be trading on exchanges like Kraken, Bittrex, Bitfinex, Polonix, Binance, HitBTC, Yobit.net.
In addition, after the ICO, World Bit Bank customers will have the following features open to them:

• Participation in exchange auctions.

• Conducting transactions with low charges.

• All classic banking services using cryptocurrencies

• The opportunity to conduct transactions in cryptocurrency at any point of sale.

• Attracting funding for own project or business by offering digital assets in the form of bonds.

Anyone who buys Wibcoin tokens worth between 1 – 10 ETH and more will be offered free debit cards (VISA or MasterCard).

ICO DETAILS

A total of 1 billion WBB will be issued.

Price: 1 WBB = € 1

Pre-ICO softcap: 667.61 ETH or € 500,000 (at an exchange rate of € 748.94\1ETH, as of 16.02.2018).

Pre-ICO hardcap: 33,380 ETH or € 25 million (at an exchange of € 748.94\1ETH, as of 16.02.2018).

ICO softcap: 333,805.11 ETH or € 250 million (at an exchange of € 748.94\1ETH, as of 16.02.2018).

ICO hardcap: 667,610.22 ETH or €500 million (at an exchange of € 748.94\1ETH, as of 16.02.2018).

Bonuses

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

PRE-ICO FUND USE

75% - Purchase of a bank
10% - Marketing
10% - Development
5% - Salary fund

ROADMAP

2016

• 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.

26.12.2017

• 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.

27.04.2018

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 (Virtual\Electron, Classic, Gold, Platinum) in crytocurrency; Preparation for ICO of the World Bit Bank project.

Q4 2018

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.

MEET THE AMAZING TEAM

Igor Romanenko - Founder

Vlad Romanenko - Co-Founder “Vitsolutions”, LLC

Maksim Boyko - CEO “Vitsolutions”, LLC

Vasily Solovyev - Banking Specialist&VP

Tatyana Soldatova - Project Manager

Semyon Lazarco - SMM Specialist

Kseniia Deina - SMM Manager

Eduard Sadontsev - Middle Developer

Matt Mark - Cyber Security

Alina Sysa - Lawyer, Banking Specialist

Illia Bandura - Crypto Trader

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://en.wbb.io/

ANN thread: https://bitcointalk.org/index.php?topic=3206437.0

Whitepaper: https://wbb.io/file/images/137/4/WBB-WhitePaper-EN-2018-3.pdf

Facebook: https://www.facebook.com/WorldBitBank/

Twitter: https://twitter.com/WorldBitBank

Telegram: https://t.me/WBBCoin

Reddit: https://www.reddit.com/user/WorldBitBanktoken/

Instagram: https://www.instagram.com/worldbitbanktoken/

Author: Seunola

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1925064

Disclaimer: This article was published in terms of the bounty campaign. I am not one of the project team member or its representative but a supporter of this incredible and amazing project.