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;
● API with open source code;
● full transparency of source and movement of funds between accounts;
Co-founder "Vitsolutions", LLC
CEO "Vitsolutions", LLC
Lawyer, banking specialist
Co Founder – BrandU Production
Senior Web Developer
SMM - manager
Rated on 2018-08-30
World Bit Bank is an interesting concept. Though I don’t think they are the first ones to bring such an idea to the market. The team appears strong and since they have been working on blockchain technology since 2016, it will give potential investors an added sense of confidence. KYC is done, which is an added bonus.
Rated on 2018-09-23
Competition is high and the white paper is extremely basic when you consider the vision. Funding will contribute towards 9 x bank acquisitions, however investors have no understanding of the financial outlook of the project, there is no underlying research, strategy, assumptions, risks / mitigants, considered in the paper. The teams ability to add significant value in the transaction therefore reflects poorly. Competitor analysis is also weak. No one knows how mainstream adoption will occur, so in the abscence of customers this is high risk.
Rated on 2018-09-24
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
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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.
Contract of intent to purchase a bank in Europe signed.
Meeting with investors and presentation of the project to venture capital funds. Project concept formulation.
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.
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.
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.
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.