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What is World Bit Bank Project?

What is World Bit Bank project?
World Bit Bank is a project that will create a group of electronic money banks by buying existing banks in different countries.World Bit Bank facilitates fast and inexpensive real-time currency transactions based on blockchain technology.

The project will kick off based on companies within the EU-registered World Bit Group. The head office will be located in Zug, Switzerland. The team implementing the project consists of banking, IT, marketing and financial experts, as well as lawyers who will establish the business to make a profit and create quality products for the business and its customers.
How does World Bit Bank work?
Let us consider that a guy named Sam holds the World Bit Bank debit card and wants to buy say A Shirt. Sam has registered and set up his WBB Wallet account. He has also activated the function which allows transactions in multiple assets, say WBB or BTC.
Once Sam places the card over the scanner, the WBB Wallet system receives a query with transaction details from the Visa Network API. WBB Wallet queries the WBB or BTC exchange rate via its interface and also checks whether the wallet has sufficient funds.
If the queries are successful, WBB Wallet approves the transaction and John receives an alert on the transaction on his phone. In the WBB Wallet application, John sees the exact number of WBB or BTC spent on the chips. World Bit Bank (WBB) enables bank customers to pay in any cryptocurrency worldwide as long as they have any digital money on their wallet.
The World Bit Bank (WBB) project offers a new solution developed from blockchain technology and related to 5G finance, specifically:International Bank:
  • Easy to use and multi-platform support
  • Instant deals
  • Customers have full control over their money at all times, and the customer's money can not be processed without the approval of the customer.
  • Low or no transaction fees
  • Cryptographic security
  • Debit card
  • API with open source
  • Fully transparent about the source and movement of funds between accounts
  • The blockchain transboundariness will be employed in our World Bit Bank ecosystem as a registry for transactions between banks.
In a banking system, transactions between banks, one of them on the instructions and at the expense of the other bank, are always conducted through a central bank. These transactions are carried out using numerous central copies and in a single payment system. In order to minimise the risk for the contractor, each bank must maintain a reserve account for each payment system.
DEBIT CARD
For WBB electronic payments, there are multiple VISA / Master debit cards as well as cards for other payment systems.
Bank of Debt supports most types of electronic money, such as Bitcoin, Dash, Ethereum and others.
Individuals and corporate customers who purchase Wibcoin (WBB) cards with a value of between 1 and 10 ETH, and 10 ETH or more, will be rewarded with a free debit card (VISA or MASTERCARD).
CLASSIC - with an investment of 1 to 3 ETH
GOLD - with an investment of 3 to 10 ETH
PLATINUM - with an investment of 10 ETH or more
Investors who invest less than 1 ETH will receive a Virtual World Bit Bank Card.
Following Pre-ICO, the Wibcoin token (WBB) will be traded at the following exchanges: Kraken, Bitstamp, Bittrex, Bitfinex, Polonix, Binance, HitBTC, Yobit.net.
Benefit : Low cost on money transfer and transfer.

The World Bit Bank project will create an electronic money bank that will provide a full range of traditional banking services using electronic money. The company now has two banking licenses. With the proceeds from the ICO coming soon, the company expects to have 9 banks around the world.
The World Bank Bit Project will create a cryptocurrency bank that will provide a full range of traditional banking services using cryptocurrency.
ICO details
SOFT CAP = € 500 thousand equivalent to 667.61 ETH (at an exchange rate of € 748.94\1ETH, as of 16.02.2018).
HARD CAP = € 25 million equivalent to 33 380.51 ETH (at an exchange of € 748.94\1ETH, as of 16.02.2018).
Token Allocation
For more information:
Website : https://wbb.io/

Author: tinhkhuat
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