EBIT-PAYMENT TECHNOLOGICAL DEVELOPMENT FINANCIAL IN THE WORLD.

hdpic-steem (42)in #cryptocurrency • 7 years ago

What is eBit Payment?

Especially for You, we want to reduce the cost of banking. It was for this purpose that we established eBit — The system for processing payments, built in the blockchain era, which limits the number of middlemen. How does this change benefit You?

So far, the financial services sector has been dominated by companies based on a large number of intermediaries. eBit Payments reduces this number to the necessary minimum, which translates into significant cost reductions.

Vision — eBit Payment — the solution to your payment problems in modern society

eBit Payment offers a solution to the problem above — it is the first system to connect payments in classic FIAT currencies with crypto-currencies. We have dubbed it, a personal online currency exchanger in the form of a payment card.

Technological development, specifically in the finance field is currently one of the hottest topics, and with no surprise — it practically creates infinite possibilities. We created and we innovated, and now we finally have a solution that can guarantee users the simple comfort of usage. eBit Payment will allow the possibility to make fast and affordable international bank transfers and quick purchases with payment cards, that can be managed through the use of an Android or IOS phone. This scale of services can’t be found anywhere else, not even in traditional banking. From now on, thanks to the ICO capital, this capability will also be available for our average users.

eBit Payment is not a bank, it offers much more than standard bank products — the ability to have all your transactions, accounts, and currencies in one place, paying only the minimum price for exchanges, transfers or card payments. Some of the typical features will stay of course. Users will be able to transfer money between each other as well, on top of receiving and sending standard transfers, in all currencies, in real time.

Basic functionality of eBit Payment — our products and their infrastructure

eBit Payment is a project, that includes the following solutions:

Multi-currency wallet
Real-time exchange with access to currency rates
Multi-currency payment card
Online payments
Business app
Cooperative environment

eBit Payment app

is a great solution for users that have multiple accounts in multiple currencies and cryptocurrencies, like the USD or ETH, especially if they need a 3rd currency, for purchases, like BTC. Here, with eBit Payment, everything is easier — one application — multiple possibilities — no middle currency or crypto-currency.

Multi-currency wallet

in eBit Payment application, with the ability to have one account, that serves as many cryptocurrencies or FIAT currency accounts as needed.

Real-time exchanges

with access to currency rates, which makes it easier for users to access all supported currencies, including crypto-currencies and currencies that are locally unavailable in your area. All that, from any place in the world, without the worry of incurring large fees.

Multi-currency payment card

simplifies the user’s life and grants them the possibility to easily pay or withdraw money at any time, anywhere in the world. In addition, eBit Payment gives the user the unique opportunity to work with multiple crypto-currency accounts — as payment cards aren’t directly linked to the user’s accounts, users may freely choose, change and pick whichever card with the desired account, even directly before the payment. Furthermore, offered cards come with the featured possibility of an eBit credit line in FIAT currency, secured with the user’s crypto-currency assets.

Online payments

in eBit Payment will work instantaneously with minimal transaction fees. Our goal is to support all means of payments, online transfers, card payments and phone payments. Our IT technicians will take care of further encrypting all the user’s transactions properly, which will increase user-security.

Our Business App’s

target is uniting companies from all around the world, and helping them maintain contact by simplifying the flow of money. Our steps taken so far, will target encouraging contractors and foreign companies to support each other and their work. For example, through community car rental when needed.

Cooperative environment —

creating easy and fast access to office sharing spaces in big cities. As we know, the quality and efficiency of work depends on multiple factors, including a proper workspace. At eBit Payment we are aware of that, which is why we will create a network of coworking spaces, that will fulfill your needs for office space all over the world.

Benefits and levels of investment in the eBit Payment project

Every investor is very important to us and that is the reason every co-creator of our community receives a premium account with a 30% lifetime return of paid fees, unconditionally. Premium users that purchase at least 100 EBT will additionally be able to order our transparent payment card before its official release.

The Problem

In our current age of globalization and travel, simple forms of payment have become much more problematic to find. This is mainly due to the vast amount of already existing currencies. Every single day, millions of people travel, exchange currencies and are forced to pay ‘the spread’ (a difference between the buying and selling price which allows parties such as large banks and cash exchanges to make a profit). For example, a simple transaction can have a spread, as high as 12% of the total transaction value, and may have to go through a number of intermediaries, for which the individual must always pay.

Even the providers, who attempt to minimize the number of parties involved, only do so knowing they can then earn more, as a larger percentage of the spread goes to them. Moreover, there is no global or universal currency for those people who travel a lot — they must always bounce back and forth between currencies, exchanging them in a frequent manner, and simply accept their losses every time. One standardized currency, which can be used to pay for products in the same manner in France, Canada, China and Great Britain, simply does not exist.

But, let’s assume that such a bridge exists, what if the given currency changes its value drastically in a short period of time? We cannot simply make our users predict the fiat and crypto-currency rates, or simply tell our users to deal with it. Our users should never have to worry about such things. If a user recharges their account with 10 units of any given currency, they wants to use 10 units of that currency, and exactly 10 units of that currency, not less. Their account value should not change in the meantime.

In conclusion and to thus, sum everything up:

-Constantly exchanging currencies nowadays is highly uneconomical
-To pay in a foreign currency, one must first buy another one, which is hassall
-There is a strong lack of a working bridge connecting fiat currencies with crypto-currencies — only the bare minimum exists to keep crypto-currencies globally viable.
-Transfer times take too long
-Market fluctuations are too unpredictable

The Solution

eBit Payment LLC, offers exchanges, including crypto-currency exchanges, without unnecessary third parties. eBit payment will also offer its own token. We gradually plan to extend usage of our tokens — through ebit coins. Generally, our goal and the desired effect is to have just one party in the middle — eBit payment. That would mean exchanging currencies with the smallest possible spread — a maximum of 0.99%, which is, compared to some other solutions, dozens of times less.

Internally, each user’s account will be displayed in ebit crypto-currency and all transactions will be sent to any of the user-specified currencies, which include various supported crypto-currencies. To achieve this, whenever a user needs to pay using any supported FIAT currencies, the transaction is credited to their account using ebit coins, which will automatically be exchanged, in real time, and directly sent to the transaction destination. The entire procedure is automated, and completely transparent for users, just like any other payment method. But, an eBit Payment is concluded instantaneously.

This way, the multiple currencies and exchange problems are solved — ebit coins is that which is seeked by many — a universal currency. Transferring between currencies has never been so seamless. Because of the blockchain network speed, a transfer usually arrives in just a few minutes, an issue which was solved by itself.

Simplified scheme how sample transaction works:

Funds Distribution of funds

While eBit Payment investments raise funds, you make profits. We want the best for our users, thus we have prepared a detailed outline of how we are planning to spend raised money:

Development — 30%

The expansion of an already existing platform involves costs such as hardware, employee salaries (including bonuses, incentive packages of tokens), employment of external assistance such as pentester, and office space.

Additional work force — 10%

eBit Payment intends to grow at a rapid pace, so we need to hire new employees in the following areas: Marketing, Finance and Legal Finance, HR, Administration and Customer Service.

Marketing — 10%

For a platform to work well and be recognized by a wider audience, it must be available to users, so, we are willing to spend 10% on the costs associated with broadening marketing. With more users, comes more feedback, and with feedback, comes our ability to adapt and solve problems faster for our users. It is imperative that we create a large society using our platform.

Market and network fluency — 35%

The financial market is not the simplest sector to work within. We will need funds to initiate collaboration with other companies in the industry to make transactions as fast as possible. But, it will be beneficial in the long-run, as this will open up new opportunities for even easier financial interactions within the platform in the future.

Licensing, integration and partnership: 15%

As eBit Payment LLC, we need to invest in software licenses, bear the additional costs associated with issuing payment cards and also bear the burden of “patching” the gap between crypto-currencies and traditional currencies.

Utilization of funds

Axample Of Funds Protection

What are ebit tokens?

In return for financing the continued development of eBit Payment, the first users are offered the opportunity to purchase new tokens. Access to such funds will allow for immediate acceleration of development. It is also an effective way to bypass traditional, much slower, often region-limited, and more expensive financing methods.

Token sales timeline

The sale of tokens will span 28 days. It will begin on November 24, 2017, at 00:00 AM. Delaware time, and will last until December 22, 2017, or until it reaches the target amount — $ 21,600,000.00. The number and time of token sales is limited, which means that after a specified period of time or after the inventory is exhausted, the tokens will no longer be sold. After this period it will only be possible to purchase eBitcoins on crypto-currency markets.