World Bit Bank - The First Cryptocurrency Bank

chamika (48)in #blockchain • 6 years ago

Because of Internet people have a unique opportunity to interact with each other while being in different parts of the world. With the advent and development of the Internet, many companies began to produce various products that support the Internet function.one of a good example is cryptocurrency, With the growth and popularity of cryptocurrency, there is a huge demand for companies that will bring together our familiar offline world and new technologies on the Internet. Therefore, to connect them together, the team of specialists has been developing a project World Bit Bank (WBB) for more than two years.

World Bit Bank is a decentralized project that 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.

The services provided under the project are:

-Cryptocurrency on your VISA/Mastercard debit card and debit cards of other payment systems

-Low charges for deposit and withdrawal of funds

-Fully legal cryptocurrency which can be used for business and paying taxes

-Cashback and loyalty programs

-Own cryptocurrency exchange

-Leasing company

-Exchange (buying and selling of cryptocurrency)

-Accepting any cryptocurrency for payment

-Servicing of electronic wallets with an exchange feature

-Conducting online currency exchange operations in cryptocurrency

-Trust management of cryptocurrency portfolio and other features

-All classic bank transactions using cryptocurrencies

Why invest in WBB

World Bit Bank will make it possible for people to use crypto as collateral to get loans. This elevates crypt to an asset-class that qualifies as collateral. Additionally, since crypto will be acceptable collateral, this will increase people’s ability to margin trade, thereby increasing trade volume in this market.

As payment cards connected to the World Bit Bank will be able to expense crypto funds, people will be able to treat crypto as a regular needs currency rather than just a tradable asset. Through this, World Bit Bank could make crypto gather mass adoption.

Teams that raised funds from ICOs will be able to liquidate their crypto funds and will be able to transfer them to a checking account. Additionally, to a large extent, the need to liquidate funds would be waived since World Bit Bank would make it possible to expense crypto directly.

The convenience level in trading crypto would be largely increased as there would now be limited barriers to build crypt-fiat pairs for possibly ever coin or token.

Tokens World Bit Bank and ICO

In order to make it convenient for the user to make any transactions with crypto-currencies, the World Bit Bank platform has developed its cryptonite, the Wibcoin token, with which it will be possible to convert currencies, as well as carry out a number of economic operations within the platform.

Token Wibcoin (WBB) is based on Ethereum (ERC-20), therefore, like any other cryptocurrency, it will be traded on the exchange. In total, World Bit Bank plans to issue 1 billion Wibcoin tokens. At the time of the Pre-ICO, the development team plans to raise funds for all the initial elements of the World Bit Bank project, including the development of its stock exchange and cryptichelp. SOFT CAP and HARD CAP will range from 500,000 euros to 25,000,000 euros. At the same time, the price of one Wibcoin (WBB) token is 1 euro. After a successful Pre-ICO, these tokens will be available for trading on such exchanges as Binance, Bittrex, Polonix, Kraken and others. At the time of the ICO, the founders of World Bit Bank are planning to collect for the development and scaling of their brand around the world, SOFT CAP in the amount of 250,000,000 euros, and the HARD CAP in the amount of 500,000,000 euros. According to the developers, these funds should be enough to buy nine banks in countries such as Switzerland, Australia, Canada, Japan, Germany, Brazil, Turkey, Britain, India and the United States.

Conclusion

I consider this project to be very promising since all its activities are aimed at improving the quality of services provided by the financial market of our time. Moreover, the developers of the project took into account all the mistakes of competitors, so they provided their project with the most complete, harmonious and practical. Therefore, I strongly recommend that you get acquainted with the details of the project in more detail while studying all the technical documentation on the links below: