Bitex’s crypto-banking services include: Customer care, user experience and governance that is localized;
- An ERC-20 compatible digital wallet for securely storing a customer’s cryptocurrency balances on a personal mobile device;
- The ability for using the mobile wallet with a virtual debit card for payments, exchanges and transfers; Confidential and Proprietary. Bitex Global Co., Ltd., BitX Global Pte. Ltd. 2
Various Point of Sale solutions (both hardware and software based) for merchants to accept payments in their local currency from consumers;
- Currency exchanges between the G20 fiat currencies and various popular cryptocurrencies;
- Large-scale business-to-business payments;
- Personal loans.
Bitex will launch in mid-2018 with a subset of banking services offered to customers in 8 countries (Hong Kong, India, Japan, Korea, Philippines, Singapore, Thailand and the United Arab Emirates), with plans for expanding its reach in the future. Services will be operated by local partners that license the Bitex platform as a franchise and who will register with the financial authorities in their respective countries. By working with local partners, who have a much better understanding of local customers and regulators and making available localized applications and customer support, the Bitex crypto-banking platform becomes the most accessible crypto-banking solution on the market.
A payment infrastructure based on ATMs and mobile card readers is being developed for the Bitex platform that will be installed in over 20,000 locations throughout the world as the services are rolled out. Bitex will also offer APIs to its platform that will allow 3rd party developers to create useful, country-specific features and applications. Bitex is conducting an Initial Coin Offering of its utility token, the Bitex Coin with symbol XBX, to promote the use of the Bitex crypto-banking platform. As described in this White Paper, XBX will be used for access to the services offered by the Bitex platform. After the ICO, the token will be available for purchase from other XBX token holders at Bitex’s exchange as well as other well-known crypto exchanges.
The token to be used by the Bitex crypto-bank is called Bitex Coin, with the symbol XBX. It will conform to the ERC-20 token standard to permit integration with existing wallet and exchange software. The ERC-20 token standard was chosen instead of the more exotic ERC-223 for the following reasons:
● The ERC-20 is well accepted and recognized standard across any existing wallet and is compatible with etherscan explorer, which most popular tool to browse token and smart contracts.
● Their ERC-20 integration is using the safeMath library12, ensuring the strongest security possible, thus avoiding the latest attack13 discovered recently.
● The ERC20 standard is validated by the Ethereum team14 while Vitalik Buterin (Ethereum creator) was not supporting the ERC23 standard15. The Bitex Coin is a utility token that will be used by participants of the Bitex crypto banking platform to pay for service provided by Bitex. XBX can be counted in denominations with up to 18 decimal places.
|“||Q2/17: Bitex Business project structure constructed.
Q3/17: Company Registration Bitex Global Co., Ltd.;
Company registration and beginning of development work on:
XBX Token (ERC-20 Protocol);
Trading Wallet and EZBitex platform;
Mobile App (Android and iOS);
BitexPay and "Powered By Bitex" software kit.
Q2/18: Beta test and launch
EZBitex Platform V 1.0 with Trading wallet, Payment wallet and the Holding Wallet;
Mobile App EZBitex;
Upgrade of security structure and support center.
Company Registration Bitex Global Singapore Co., Pte. ;
Company Registration Bitex Global Thailand Co., Ltd. ;
Registration Process of Bitex Global U.A.E Co., Ltd. ;
Registration Process of Bitex Global India Co., Ltd. ;
Registration Process of Bitex Global Philippines Co., Ltd.;
Registration Process of Bitex Hong Kong Co., Ltd.
Q3/18: EZBitex Platform V 2.0 with BitexPay and Powered By Bitex & Savings Wallet;
Bitex B2B and B2C payment platform and BitexPay Merchant App with GPS locator and BitexPay Merchant App Kiosk.
Registration Process of Bitex Global Japan Co., Ltd.;
KRRegistration Process of Bitex Global South Korea Co., Ltd.
Q4/18: EZBitex Platform V 3.0 with Loan Wallet.
BitexPay Module and POS;
BitexPay API key develop and bug testing;
"Powered By Bitex" card;
BitexPay API key Release for corporate payments.
Q1/19: EZBitex Platform V 4.0 - API based Card and its integration for POS (via Bitex API).
Q2/19: BitexPay Escrow Account V 5.0 - Payment Gateway implementation.
|Nicolas Louis Laurent Berthoz||CTO/Co-founder Bitex Global||https://www.linkedin.com/in/bitex-nicolas||Mr. Berthoz has been an early adopter of cryptocurrency since 2009, when he first started to invest||3.4|
|Suparat Damrongsuttipong||License Co-Owner U.A.E||Mr. Damrongsuttipong has mainly been active in real estate and stock trading for the past 10 years a||3.4|
|Deepak Galani V||License Co-Owner Hong-Kong||Mr. Deepak owns several trading companies around the world and has over 25 years of business experie||3.4|
|Devendra Kumar Kothari||License Co-Owner India||Mr. Kothari is an entrepreneur in the field of trading and has access to a massive network of offici||3.4|
|Ryan La France||CFO (Chief Finance Officer) / Co-founder Bitex Global & License Co., License Co-Owner Philippines||https://www.linkedin.com/in/bitex-ryan/||Mr. LaFrance has been an entrepreneur in both the tech and service industries over the past decade.||3.4|
|Harith Motoshiromizu||CEO / Founder Bitex Global||https://www.linkedin.com/in/bitex-harith/||Mr. Motoshiromizu is a serial entrepreneur owning several businesses in the past 10 years. He is the||3.4|
|Pansak Kummalue||License Co-Owner Kingdom of Thailand||Mr. Pansak Kummalue has extensive experience in business development and management with over 25 yea||3.4|
|Junjiro Sato||CIO (Chief Investment Officer) / Co-founder Bitex Global & License Co., License Co-Owner Japan||https://www.linkedin.com/in/bitex-sato||Mr. Sato has 20 years of business history in different fields such as finance, property, service, ba||3.4|
|Yusuke Asai||CPO (Chief Product Officer)||https://www.linkedin.com/in/bitex-asai/||Mr. Yusuke has 18 years of experience in programming / visual design, engaged in various marketing b||3.4|
|Paphatsara Supason||License Co-Owner South Korea||Ms. Supason is one of the early adopters of cryptocurrency and has knowledge of different exchanges||3.4|
|Vladimir Nikitin||Strategic Advisor||https://www.linkedin.com/in/icoadv||Strategic Advisor||44.8|
|Nikolay Shkilev||Strategic Advisor||https://www.linkedin.com/in/icoadvisor||Strategic Advisor||175.5|
|Phillip Nunn||Strategic Advisor||https://www.linkedin.com/in/phillip-nunn/||Strategic Advisor||115.3|
|Naviin Kapoor||Strategic Advisor||https://ae.linkedin.com/in/naviinkapoor/||Strategic Advisor||128.7|
|Wulf Kaal||Strategic Advisor||https://www.linkedin.com/in/wulf-kaal-6904a65b||Strategic Advisor||3.4|