World Bit Bank

vishudda (11)in #cryptocurrency • 6 years ago

World Bit Bank develops new cryptocurrency-financial technologies and their incorporation into the existing financial and banking system. And it will facilitate quick and cheap monetary transactions in real time in the World Bit Bank ecosystem. This is based on blockchain technology. This system is outdated and so blockchain, which is built on open source code, was created. Without digital technology and cryptocurrency, as well as without digital identification it is impossible to develop a money transfer system. It has established a company to conduct the PRE-ICO for implementation of the project WBB, legally in the EU. A license to work with cryptocurrency- virtual wallet services in full compliance with Estonian anti-money laundering and financial terrorism laws was obtained by the company in February 2018. Under the WBB brand it will involves the development of technologies and the establishment of an international cryptocurrency bank. It will be based on two key technologies. They are mobile and blockchain technology. World Bit Bank customers will have access to the whole range of assets instead of being limited to a single cryptocurrency.

The WBB Wallet mobile application is a mechanism which merges tokens and a debit card. The project consists of World Bit Bank debit cards and the WBB Wallets and World Bit Bank debit cards are traditional Visa/Mastercard debit cards. Payments are made in Cryptocurrencies, including the ERC20 standards. The WBB Wallet which is a mobile application gives the opportunity to use Cryptocurrencies in the real world.
As long as the World Bit Bank (WBB) customers have any digital money on their WBB Wallet they can pay in any cryptocurrency worldwide.

WHAT IS World Bit Bank?

In countries such as: USA, Canada, Germany, Switzerland, UK, Japan, India, Australia, Turkey and Brazil, the project of establishing a cryptocurrency bank involves the purchase of 10 existing banks in order to integrate into the banking and financial world new technologies and Cryptocurrencies. The first bank will be purchased in the EU. Zug, Switzerland will be the location of the head office.

DEVELOPMENT AND IMPLEMENTATION OF THE TECHNOLOGY

A new solution developed from blockchain technology and related to 5G finance is also offered by the World Bit Bank project, specifically:

● 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;

In the World Bit Bank ecosystem the blockchain transboundariness is employed as a registry for transactions between banks.

Know your client (KYC) procedure

Banks are required to check the identity of the client via the KYC procedure, according to the legislation of EU member states. The procedure is carried out at the beginning and while working with the client. Client data will be secured on the blockchain and accessible only to banks that are part of World Bit Bank.

Money transfers

Through the creation of a register of transactions that cannot be destroyed or altered, World Bit Bank ecosystem make things easier. It provides evidence of where the money came from or where it was transferred.

Wibcoin (WBB) CRYPTOCURRENCY

The World Bit Bank introduces the Wibcoin token based on the Ethereum blockchain. It is designed as a public cryptocurrency for everyday digital services, such as payments, currency exchange, and value maintenance. Wibcoin (WBB) will be the unit of account of all transactions in the World Bit Bank ecosystem. Wibcoin (WBB) will be trading at cryptocurrency exchanges like other Cryptocurrencies.

SERVICES that will be provided under the project

*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 crytocurrency)
*Accepting any cryptocurrency for payment
*Servicing of electronic wallets with an exchange feature
*Conducting online currency exchange operations in cryptocurrency
*Conducting online currency exchange operations in cryptocurrency
*All classic bank transactions usi ng Cryptocurrencies