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World Bit Bank – The World’s First Legal Cryptocurrency Bank

April 2nd, 2018 at 7:47 am UTC · 2 min read

The founder of the IT Vitsolutions, LLC company Igor Romanenko and his team  have spent more than two years developing the project for the world’s first international cryptocurrency bank under the World Bit Bank (WBB) brand.

The main purpose of establishment a World Bit Group company is to conduct the PRE-ICO for implementation of this project, legally in the EU.

The implementation of this project in the existing financial world will enable each person to become an active participant in the new financial world.

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 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;
  • API with open source code;
  • full transparency of source and movement of funds between accounts;
  • authentication.

From this standpoint a new up-and-coming cryptocurrency company is planning to carry out an ICO pre-sale which includes marketing, technical development of the World Bit Bank project, development of the cryptocurrency wallet WBB Wallet; development of the cryptocurrency exchange WBB Exchange, development  of the WBB Mobile Banking prototype, wage fund.

There are some soft and hard caps values. It is supposed to rise:

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)

This includes marketing, acquisition of one bank, development of the WBB Mobile Banking software; establishment of the WBB Exchange; establishment of the cryptocurrency fund WBB – Found; establishment of the WBB Depositary (storage of digital assets); creation and sale of card product packages (Virtual\Electron, Classic, Gold, Platinum) in cryptocurrency, wage fund.