WHAT IS THE WORLD BIT BANK ???

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

This 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, World Bit Bank will include the following : a leasing company, an insurance company, and a cryptocurrency fund.

To conduct the PRE-ICO for implementation of the project World Bit Bank it has already established a company legally in the EU. Development of technologies and the establishment of an international cryptocurrency bank under the World Bit Bank is the aim of this project.

Customers prefer to keep cryptocurrency in the custody of third-parties because the procedure of storing cryptocurrency is complex. World Bit Bank customers will have access to the whole range of assets, not to be limited to a single cryptocurrency.

The solution for these problems is the 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.

The new solutions developed from blockchain technology and related to 5G finance by the WBB project are as follows:

● absolute transboundariness;

● 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;

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:

1. USA
2. Germany
3. Switzerland
4. UK
5. Canada
6. India
7. Japan
8. Australia
9. Brazil
10. Turkey

• Rebranding the banks to World Bit Bank.

PRE-ICO

The key figure of our European holding is World Bit Group, which will sell Wibcoin (WBB) tokens during Pre-ICO.

The Wibcoin (WBB) token is based on the ETHEREUM platform, ERC-20 standard.

SOFT CAP = € 500 thousand equivalent to 667.61 ETH (at an exchange rate of € 300\1ETH, as of 06.04.2018).

Includes marketing, technical development of the World Bit Bank project; development of the cryptocurrency wallet WBB Wallet; development of the cryptocurrency exchange WBB Exchange, development of the WBB Mobile Banking prototype, wage fund.

HARD CAP = € 25 million equivalent to 33 380.51 ETH (at an exchange of € 300\1ETH, as of 06.04.2018).

Includes marketing, acquisition of one bank, development of the WBB Mobile Banking software; creation and implementation of deposit and credit programs in cryptocurrency; establishment of the WBB Exchange; establishment of the cryptocurrency fund WBB - Found; establishment of the WBB Depositary (storage of digital assets); creation and sale of card product packages (Virtual\Electron, Classic, Gold, Platinum) in cryptocurrency, wage fund.

Know Your Client (KYC) Procedure

KYC is a procedure which is carried out at the beginning of the work with the client and while working. Sometimes this faces several challenges and inconveniences for the client. A single database of client documents are created through blockchain. A World Bit Bank private blockchain is created for this purpose and the client data is secured and only accessible to banks that are part of WBB. Blockchain technology is used to create a “perpetual” file confirming the identity 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.

Money transfers

Blockchain based WBB ecosystem makes the things easier by creating a register of transactions that cannot be destroyed or altered. So it provides the evidence of where the money came from or from where it was transferred.

Payments by letter of credit

This provides security to both parties. Payment by letter of credit rules may be included in smart contracts created by our bank.

The buyer, seller and bank can interact with letters of credit based on smart contracts as follows:

● request the terms of contract,

● confirm commodity shipment,

● confirm payment,

● confirm transfer of the commodity by the seller to the shipment company, check confirmation, etc.

Identification and storage of digital assets of the client.

The clients if the WBB network able to share information with cryptographic guarantee of its privacy.

For More Information Visit :

• Website : https://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
• Telegram : https://t.me/WBBCoin
• Facebook : https://www.facebook.com/WorldBitBank/
• Twitter : https://twitter.com/WorldBitBank
• BTT link : https://bitcointalk.org/index.php?topic=3263020.0

My Profile :

• My BTT Link : https://bitcointalk.org/index.php?action=profile;u=1422374
• My ETH Address : 0x3A3918a7E40f31D2a671E02c8352670E9bABdEfa
• My Telegram ID : @Rini_BundaAdly

Thank you...