eBit Payment — The First Wallet in History that Exchanges the Best Coins
The Problem
In times of globalisation and travel, paying is more and more problematic. It is mainly because of exist of many different currencies. Every single day millions of people travel, exchange currencies and pay the spread (difference between buy and sell price that allows parties like banks and exchanges to make money ). E.g a transaction can have as high spread, as 12% of total transaction value and it can go through a number of intermediaries, where you are obligated pay a fee every step of the way. Even those providers, who are trying to minify the amount of parties, knowing they can earn more due to lower amount of parties, are adding bigger spread on purpose. Moreover, there is no currency for people who are travelling a lot — they need to bounce back and forth between currencies, exchanging them on frequent manner. One, universal and global currency, that could be paid in the same way in France, Canada, China or Great Britain, simply does not exist.
Intuitively, people start to seek for a universal currency. The most common currency these days are USD and EUR, but they are not common enough. Many of them turned into cryptocurrencies , like BTC or ETH. Although there are crypto exchanges and markets, they are not trustworthy or secure. That creates another problem. If a user were to buy something in a shop that does not accept given cryptocurrency, you need to exchange it to different one, which in current days means waiting for the transfer from the exchange market, what can take over 24 hours, that’s too much time comparing to simply going to the shop to buy a bottle of milk. Of course, that is only if given market supports currencies. There is a lack of well made bridge between FIAT currencies, like USD, EUR, or CHF. and cryptocurrencies, like BTC, ETH, LTC or ZEC.
The Solution
eBit Payment LLC, offering exchange including crypto exchange, without unnecessary third parties. eBit payment will also offer it’s own token, we gradually plan to extend usage of our tokens — through eBit Coins. Generally, targeted effect is having just one party in the middle — eBit payment, that means exchanging currency with smallest possible spread — 0.99% at max, which is in some scenarios dozen times less than with other solutions.
Internally each user’s account will be presented in ebit crypto currency and all transactions will be sent in any userspecified currency, including some supported crypto currencies. To achieve this, whenever user needs to pay using certain supported FIAT currency, transaction goes from his account using ebitcoins, which will be automatically exchanged in our internal exchange in real time, then directly sent to transaction destination. Everything will be done automatically, and transparently for users, just like paying with any other payment card. The whole process is instant. The order of operations.
Internally, each user’s account will be presented in ebit crypto currency and all transactions will be sent in any currency specified by the user, including some supported cryptographic currencies. To achieve this, each time the user has to pay using a certain accepted FIAT currency, the transaction will be made from his or her account using ebitcoins, which will be exchanged automatically in our internal exchange in real time, and then sent directly to the destination of the transaction. Everything will be done automatically and transparently for users, as with any other payment card. The whole process is instantaneous.
Overview
Payment of eBooks
The development of technology in finance today is one of the hot topics, and no wonder — because it creates almost unlimited possibilities. We create innovative solutions, which can ensure the user’s convenient usage. eBit Payment will open the possibility to make fast and affordable international bank transfers and quick purchases with payment cards, which can be managed using an Android or iOS phone. It is a service scale, which can not be found even in traditional banking. From now on, thanks to ICO’s capital, this capability will also be available to the average user.Introduct Payment Overview
The development of technology in finance today is one of the hot topics, and no wonder — because it creates almost unlimited possibilities. We create innovative solutions, which can ensure the user’s convenient usage. eBit Payment will open the possibility to make fast and affordable international bank transfers and quick purchases with payment cards, which can be managed using an Android or iOS phone. It is a service scale, which can not be found even in traditional banking. From now on, thanks to ICO’s capital, this capability will also be available to the average user.Introduct Payment Overview
eBit Payment is a project, which includes the following solutions:
- Multi currency purse
- Real time exchange with access to currency exchange rates
- Multi-currency payment card
- Payment online
- Business applications
- Workspace
Another thing we want to apply, is the mechanism of balance protection. When the market fluctuates, we do not want users exposed to that risk, so we will normalize the balance of users, according to this scheme:
Fund
While eBit Payment invests to raise funds, you make a profit. We want the best for our users, so we prepare detailed information about how we plan to raise money:
Development — 30% Expansion of existing platforms involves costs such as hardware, employee salaries (including bonuses, incentive proof packets), provision of external assistance such as pentester, and office space.
Additional labor — 10% eBit Payment intends to grow rapidly, so we need to hire new employees in the following areas: Marketing, Finance and Legal Finance, HR, Administration and Customer Service.
Marketing — 10% In order for the platform to work properly and be recognized by a wider audience, it must be available to users, so we’re willing to spend 10% on marketing-related expenses. With more users coming more feedback and our ability to adapt and solve problems faster for our users. It is important that we create a broad society using our platform.
Smooth market and network — 35% Financial markets are not the simplest sector to work on. We need funds to collaborate with other companies in the industry to make transactions as quickly as possible. In addition, this will open up new opportunities for easier financial interaction within the platform.
Licensing, integration and partnership: 15% As eBit Payment LLC, we need to invest in software licenses, bear additional costs associated with card issuance and also the cost of “patching” the gap between crypto and traditional currency.
Sales order Token
Token sales will cover 21 days. It will start on November 24, 2017 at 00:00. Delaware Time, and will last until October 15, 2017 or until it reaches the target number — $ 21.6 million. The number and time of a token sale is limited, which means that after a certain period of time or after the inventory runs out, the token will no longer be sold. After this period, it is only possible to purchase eBookcoins in the cryptocurrency market.
Token sales will cover 21 days. It will start on November 24, 2017 at 00:00. Delaware Time, and will last until October 15, 2017 or until it reaches the target number — $ 21.6 million. The number and time of a token sale is limited, which means that after a certain period of time or after the inventory runs out, the token will no longer be sold. After this period, it is only possible to purchase eBookcoins in the cryptocurrency market.
Why us?
The eBook Payment Team as you read this document, is already dealing with online currency exchange. Our IT technicians worked for Liberty GLOBAL and Bank of Austria in the past. They also experience experience while working with the BIT.NXT INTERNATIONAL LLC cryptocurrency mine. The eBit Payment system was created to make transactions between the cryptocurrency market and banks cheaper than 0.99% for our users.
Our experience with the financial markets and much of the debate with the people who lead companies with regard to crypto-cardiacs leads us to believe that there is a need to create an integrated system, which will significantly facilitate all processes associated with payments. One system, one application, multiple possibilities, FIAT currency, cryptocurrencies, all in one place. Our project, eBit Payment is approved by several qualified professionals worldwide. The eBit Payment team consists of crypto fans, who daily use power crypto, all IT professionals with good financial market knowledge.
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The Team
More information you can find on these links !!!
WEBSITE: http://ebit-payment-ico.com/
WHITEPAPER: http://ebit-payment-ico.com//whitepaper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=2439940.0
WEBSITE: http://ebit-payment-ico.com/
WHITEPAPER: http://ebit-payment-ico.com//whitepaper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=2439940.0
AUTHOR ( Kulitayam )
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