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World Bit Bank - security for your cryptocurrency!

This is the world’s first legal cryptocurrency bank and this is a development of new crypto-financial technologies and their integration into the existing financial and banking system. World Bit Bank facilitate quick and cheap monetary transactions in real time which is bases on blockchain technology.

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.

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.

To provide a full range of financial services, World Bit Bank will include:

  • exchange of electronic money;

  • a rental company;

  • an insurance company;

  • 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.

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.

DEBIT CARD

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).

  • 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.

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.

For instance, a client registers several financial products at once. In that case, the client will have to provide a set of documents for each product to confirm their identity and more, in order to pass the KYC procedure. Blockchain technology will be used to create an “perpetual” file confirming the identify of the client. The client’s bank account, passport, utility account and medical history can be used as another proof - or blocks - for their chain.

ICO details

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).

A total of 1,000,000,000 WBB tokens will be issued. Each Wibcoin or WBB token has a value of €1. It will be available for trading after the pre-ICO. The hard cap is set at €500 million and soft cap at € 250 million for the ICO sales. The pre-ICO began on April 23, 2018. The money so raised during the ICOs will be used to acquire 9 banks from around the globe.

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