🔹We have waited for a very long time, but NOW we can say that our #PreICO is right about the corner. That is why the #WorldBitBank team decided to start introducing you to our plans.

🔹As you have noticed, we posted a diagram for the Pre-ICO sales. This diagram includes marketing, salaries and software development spheres. However, the most expensive part is purchasing the #bank and it is not a wonder. Our plan is to buy a bank, run and verify the system. Only after that we are going to run the #ICO, only after we will have a ready and working project.

🔹Subsequently we will start a main token sale, in order to build banks all over the World. Our services would be provided for millions of people who are connected with #cruptocurrencies. Our clients would be able to pay with #cryptocurrency in shops, theatres or restaurants in any establishment supported by #VISA or #MasterCard systems.

🔹We’ve got lots of #bonuses for Pre-ICO investors, don’t miss your chance to be an owner of a real BANK.

▪️Unfortunately yes. We don’t know the reason of such behavior, somebody say it’s a fear, somebody will propose it is a greed, but everyone will agree that banks and #cryptocurrencies are not related as much as we want to.

▪️Some countries are more progressive, like Estonia or Japan, but some other are simply afraid of progress. For example on January 13, the Bank of Indonesia issued a press release advising citizens to abandon the sale, purchase and trading of crypto-currencies, and recalls that #virtual currencies are not legalized in Indonesia. In September last year, the Bank of Indonesia once again confirmed that it does not intend to make bitcoin a payment facility, after which two Indonesian currency exchange exchanges BitBayar and TokoBitcoin voluntarily ceased to work.

▪️Explaining the reasons for the unleashed campaign against the #Crypto-currency, in a recent press release, the bank cites concerns about their potential role in money laundering and terrorist financing:

▪️"Virtual currencies risk becoming speculative bubbles. Potentially, they can be used for money laundering and terrorist financing, which will lead to undermining stability of the financial system and serious damage to society."

▪️And what do we think about it? We understand the fear of Indonesian government, but we also understand simple people, who want to use cryptocurrencies in every-day life, pay with it for the medical management or for the drinks in bar.

▪️#WorldBitBank projects main goal is to civilize cryptocurrencies, make them available and safe for everyone. For more info please follow the link https://wbb.io/.

🔶Crypto-currencies had already taken their place in the hearts of the mass consumer, but for the time being they still have the image of #digital #money "for programmers and freaks." The wider adoption of #virtual coins can be facilitated by their adoption by the banking system.

🔶Some impressionable citizens still make their decisions upon rumors and speculations about this #currency than sober analysts. The circulation of many #cryptocurrencies is limited, because not all the services available in the #banking environment. Ordinary consumers do not use bitcoin always and everywhere, for everyday transactions, because banks and cryptocurrencies are still on opposite sides of the barricades.

🔶Traditional financial institutions are still indifferent to the #blockchain. With rare exceptions. It is the technology that gives strength to virtual money, feeds #bitcoin and some other crypto-currencies.

🔶It would seem that credit institutions are most interested in the rapid processing of transactions on the basis of a distributed book of transactions in the #network. But they are silent, only indirect recognition of the blockchain appears from time to time: many #banks are trying to invest in their own technologies of this kind.

🔶If you believe the research conducted by #IBM, that 33% of financial organizations are actively studying the blockchain. The IBM company has concluded a contract with seven largest European banks for the development of crypto-currency based on this development.

🔶Without a clear regulation and framework of crypto-activity, investors and businessmen show distrust of crypto-currencies and related activities.

🔶The #WorldBitBank project wants to change the situation for better. Our banking system would provide all the bank services for #cryptocurrencies as well as safety keeping. There no longer would be a problem to invest in #cryptocurrencies, or pay with them and even make some kind of deposit. For more information please follow the link https://wbb.io/

#WBBNewsOfTheDay rubric is here to your attention🎉🎉🎉
🥤Starbuks is joining #blockchain? How the coffee giant applies the new technologies read via @coindesk🎉🎉🎉
https://www.coindesk.com/starbucks-chairman-hot-blockchain-cold-bitcoin/

💠For any industry, finding the right relationships with banks is a problem. Many people call #blockchain technology a high risk sphere. But if you immerse yourself in banking activity to a certain depth, you can find there as many financial tools that are even more risky than #cryptocurrencies. Banks, indeed, have considerable overheads to support processes that are convenient for customers. This prevents venture investors, the creators of start-ups, from having a full-fledged partnership with #banks. A #cryptocurrency market seems to prepare to occupy this niche with a high risk. In general, sooner or later this market will throw droves in developing companies and industries, help them refine the mechanisms of partnership with financial structures, which will allow banks to be more loyal to new entrepreneurs.

💠Many banks are already developing services for the #Ethereum, #Bitcoin cash, #Litecoin exchange. No financial institution makes a bet on bitcoin only, if the cryptocurrency is being turned to the industry. Not only in Japan, but also in Switzerland, America, and Africa, banks begin to form alliances with #blockchain developers. True, sometimes this does not apply specifically to digital money. For example, Barclays Bank, a heavyweight in the English and global financial markets, uses a #blockchain to verify users and study consumers.

💠Such partnerships will gradually improve the image of the #blockchain and the crypto currency. Maybe for a long time credit institutions will consider bitcoins and similar money to him, like the stepchildren of the financial system. But the gradual inclusion of operations with digital currencies in the banking basket of products will give them both #legitimacy and popularity. Soon the reception of bitcoin in the banking window will become the norm. And the average consumer will forget those discussions about crypto-currencies, which are so turbulent these days.

💠From these arguments one must conclude that the establishment of a full-fledged bank whose main objective is regulating and providing services with cryptocurrencies is what we truly need now. The World Bit Bank project is exactly about this. We are going to implement cryptocurrencies into bank sector thereby letting YOU to use them in your everyday activities without risk to become illegal. More details on https://wbb.io/

“Well, our project is not just a new version of crypterium or swissborg. We are conceptually new and unique. The main difference from our predecessors is that we wanna create not just an online banking, but the whole new Bank system, oriented on cryptocurrencies. Moreover, the system we providing is giving to investors an opportunity to become a bank holders. Can you imagine that?? We are the first who offer such an incredible opportunity! So you buy our tokens and automatically become a shareholder of the bank. The size of company stock will be determined relatively to the some of tokens you have bought. That means the more tokens you will buy, the more profit you will get in future.
Furthermore, one should not forget that owning a bank means receiving passive income from its development in the future. Join us and you will find a financial freedom.”
Ihor Romanenko, founder of #WorldBitBank project

▪️It generally agreed that Friday is a day of summing up the results over the week, but we propose to take stock over the whole past year. 2017 is believed to be the breakthrough year of an #ICO. Multiple startups successfully conducted the fundraising, however there were those who are less fortunate. Let’s look at statistics data and find out whether 2017 year was such an ardent fan of ICO as it seems to be.

▪️According to statistics data of ICOData portal, investment volume engaged through the ICO has totaled 53$ billions. Considering the fact that in 2016 year this way of capital raising amounted $90 millions, we can make a conclusion that this type of fund-raising has made a huge breakthrough. The popularity of ICO is just off the charts, more and more projects are trying to raise funds with it, unfortunately not all attempts are successful.

▪️We cannot ignore the fact that the proportion of successful ICO has decreased significantly, and the percent of failures projects has increased. Whereas in the beginning of 2017 it was 7% of the projects then by September, the percentage has risen up to 66%. Moreover, if the issuer managed to distribute more than 75% of the tokens from the set goal, the experts considered this ICO to be successful. ICO, which collected less than 75% of the planned has been recognized as unsuccessful.

▪️Nevertheless one should accept that really worthwhile projects do not fail. Filecoin, having collected 257 million dollars, Tezos (236 million), EOS (200 million) have become the most successful projects of the year. The #WorldBitBank project is planning to conduct an ICO in 2018 year in order to create absolutely new banking system. Our banks would provide all services with all #cryptocurrencies. The #WorldBitBank customers will be able to use #cryptocurrencies absolutely legally in their everyday life. Isn’t it amazing? More info about our project you can find here https://wbb.io

#NewsOfTheDayWithWBB rubric is to your attention please🙏🏻
🔹What is going on with #cryptomarket? The top 10 cryptocurrencies by market cap reporting double-digit percentage losses🌐Read the details in @coindesk material https://www.coindesk.com/red-tide-double-digit-losses-sweep-crypto-asset-market/

#MondayNewsWithWorldBitBank
💎What do we know about the decentralized database platforms?💎How can they change the traditional tech companies?💎Find out in @coindesk material https://www.coindesk.com/decentralized-web-just-might-need-databases/

“Having become morally and qualitatively obsolete, financial and regulatory institutions try to impose restrictions on the use of crypto assets. It looks like the restrictions are imposed solely to preserve their own influence in the operating market. While the ideology of decentralization allows to freely conduct Peer To Peer (decentralized) transaction in that quantity which is necessary to the sender.
🔹 🔹 🔹 🔹 🔹
The only possible measure of restrictions that can be used is the attempt of governments to take full control of outgoing and incoming traffic, which is a very serious violation of fundamental human rights and property rights.
But nevertheless, we think that crypto assets need some kind of regulation in order to protect peoples money and to gather more profit. That is why we need a crypto-bank. That is why we need World Bit Bank” Maxim Boyko, CEO&Co-Founder of World Bit Bank project

💠The legal framework of a single state may involve the prosecution of those who use cryptocurrency as a payment instrument.

💠The inability of the business to fully embrace the currency as a unit of account and use it for different purposes: lending, leasing, etc.

💠The performance of any of #cryptocurrency transactions is very expensive due to the fact that the exchangers and payment systems require very high percentage for input and output of the funds.

💠Funds that are earned in #bitcoin by freelancers and entrepreneurs may not always be legalized and be used on purpose. Undoubtedly, there are countries that introduce #cryptocurrency in the legal field and try to enter any ways to regulate the circulation of cryptocurrency.

💠Economic consequences of globalization and rapid technological progress, automation of production and large job cuts leave any possibility of survival only for the creative class and managers. And this increases economic inequality and contributes solely to the enrichment of the notorious 1% of the population, which is concentrated from the bulk of liquid funds.

💠This is why you and I need our project. Everyone who works with #cryptocurrency will be in a win position😉 Subscribe to our channels and social networks. The World Bit Bank is a future that is right in front of us💎