World Bit Bank- Cryptocurrency Banking Like Never Before
Over the years banking and financial systems have changed and revamped itself in leaps and bounds. Manual works and long queues in the banks have been replaced by mobile and internet banking. Transactions happen over seconds of time. People have the ease of sending and receiving money right from home itself. There is no need to visit the bank. Not only this, banks have introduced many new features to facilitate the transaction process and make banking services a hassle free one. Despite all these changes, there are still certain shortcomings in the currently existing system. To overcome these challenges, World Bit Bank has introduced for the first time the world's first legal cryptocurrency bank which will eliminate all these loopholes and present an efficient and all new banking platform altogether. This is just the beginning of a revolution, there are miles to go ahead.
Introduction
World Bit Bank(WBB) is the world's first legal cryptocurrency bank. It has developed a new crypto currency- financial technology and their fine blend into the existing financial and banking system. Since most of the people are unsatisfied with current banking system due to difficulty in accessing it, World Bit Bank has developed the platform that operates on Blockchain. By implementing this Block chain technology, it will facilitate quick and cheap monetary transactions in real time, thus reducing the complexity that is present in conventional banking system. Everyone looks for fast, safe and efficient services when it comes to banking. By incorporating the latest technology in its domain, World Bit Bank will definitely meet the expectations of the customers.
Current Problems
The most challenging task in front of today's banking system is to offer monetary transactions in real time and cost free. Though the banks have issued credit and debit cards for convenience, every transaction comes at a cost and there is a fee associated with using this system. There are also chances of hacking and getting personal data decoded which presents a big risk in front of the customers. These systems are not fool proof and vulnerability of loosing sensitive and personal data along with money always looms around. So, the current system of banking is outdated and needs an overhauling.
Solution
The company has developed technologies and established an international cryptocurrency bank under the World Bit Bank(WBB) brand. It complies with Estonian anti-money laundering and financial terrorism laws. It works on two key technologies. First one being mobile, for conducting real time monetary transactions and second one being Block chain technology, for the use of cryptocurrency as the unit of account in the World Bit Bank ecosystem. The wallet offered by WBB is a mobile application so there is the opportunity to use cryptocurrency in the real world. It consists of absolute trans boundaries and cross-platform nature. The usage is pretty easy and transactions are made instantaneously. The funds always remain under the control of the client. High security is provided with the help of cryptography. The source and movement of funds between accounts are fully transparent.
Token Details
World Bit Bank token is called as Wibcoin(WBB). It operates on Ethereum ERC-20 platform backed by blockchain technology. A total of 1,000,000,000 Wibcoins will be issued. The price is 1 WBB = 0.0037 ETH. Soft cap value is 250,000,000 EUR. Hard cap value is 500,000,000 EUR. The pre-ICO sale will start from April 27, 2018 and end on June 27, 2018. One Wibcoin token has a value of 1 EUR. Soft cap value for pre-ICO is 500,000 EUR and hard cap value for pre -ICO is 25 million EUR.
Conclusion
A cryptocurrency bank which delivers a gamut of traditional banking services using cryptocurrency. It aims third party payment integration system like PayPal, Paytm etc. It will offer customized solutions to individuals as well as businesses at a very minimal cost of banking environment. Thus, it will be a boon for those customers who have been fed-up with the cumbersome architecture of conventional banking system. It is going to disrupt the entire existing cryptocurrency platform with its cutting-edge technology and unique service. Investors have the golden opportunity to invest in this platform and generate huge returns and be profitable. So, get yourself enrolled with the first world cryptocurrency bank.
Website: https://en.wbb.io/
ANN Thread: https://bitcointalk.org/index.php?topic=3206437.0
Blog by ollivander7
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1069616