World Bit Bank
Vitsolutions, LLC has been conducting technical development of the World Bit Bank project and researching innovative financial technologies and the blockchain technology since 2016. World Bit Group which manages the World Bit Bank was established in 2018. It was registered in the EU and holds the Virtual currency against fiat currency exchange license and the Virtual currency wallet service license. Being under European jurisdiction, all real and digital assets of investors will have the highest security. By covering a large portion of the globe, we will be able to provide millions of people with banking services using cryptocurrency in conventional banking operations. Such services include: cryptocurrency loans, use of cryptocurrency in VISA/MasterCard debit cards, easy and cheap transfer and exchange of cryptocurrencies and many more financial transactions we make every day.
Contents
Description
In February 2018 the company obtained a license to work with cryptocurrency – virtual exchange, virtual wallet services in full compliance with Estonian anti-money laundering and financial terrorism laws. The project involves the development of technologies and the establishment of an international cryptocurrency bank under the World Bit Bank (WBB) brand, whose work is based on two key technologies:
mobile, as a means of conducting real-time monetary transactions, and blockchain technology – the use of cryptocurrency (Wibcoin token) as the unit of account in the World Bit Bank ecosystem.
The WBB Wallet mobile application – a mechanism which merges tokens and a debit card. World Bit Bank (WBB) enables bank customers to pay in any cryptocurrency worldwide as long as they have any digital money on their WBB Wallet.
The World Bit Bank (WBB) project offers a new solution developed from blockchain technology and related to 5G finance, 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;
● APThey with open source code;
● full transparency of source and movement of funds between accounts;
● authentication;
Roadmap
| “ | 2016: IT company Vitsolutions, LLC, for the development of mobile applications and financial technologies, established. Team of banking experts and software developers assembled. Work on the World Bit Bank project commences. 26.12.2017: Contract of intent to purchase a bank in Europe signed. 27.12.2017 – 26.04. 2018: Meeting with investors and presentation of the project to venture capital funds. Project concept formulation. 27.04.2018 – 27.06.2018: Conducting PRE – ICO and raising 25 million euros for the purchase of an existing bank in Europe. Preparation of documents for the purchase of an existing bank in Europe. 3Q 2018: Purchase of an existing bank in Europe. Development and commissioning of World Bit Bank software products. Preparation for ICO of the Banking Group World Bit Bank. 4Q 2018: ICO and sale of Wibcoin (WBB) tokens for purchasing 9 banks in various financial jurisdictions around the world under the brand of the Banking Group World Bit Bank. Rebranding the banks to World Bit Bank. 2019: Purchase of 9 banks in various financial jurisdictions around the world under the brand of the Banking Group World Bit Bank. Rebranding the banks to World Bit Bank. | ” |
Team
External links
World Bit Bank on Twitter
World Bit Bank on Telegram
World Bit Bank on Facebook
World Bit Bank on Medium
World Bit Bank on Reddit
World Bit Bank on Youtube
World Bit Bank Official Website
World Bit Bank Whitepaper