Preliminary
Every day, millions of people travel, swapping currencies and paying spread spreads between buy and sell prices that allow parties like banks and the stock exchange to make money.
Technological development in finance is currently one of the most important topics. No wonder it finally creates virtually unlimited possibilities. Imagine that you can be with us from now on. Our goal? Innovative payment solutions that guarantee comfort and convenience. eBit opens a world of competitive foreign currencies, fast and affordable international bank transfers and payment cards with a limit linked to the rest of your accounts. This is the scope of services that traditional banking has so far guaranteed. Thanks to the ICO capital, these options are available to you today.
If a user buys something in a store that does not accept a cryptocurrency, you have to redeem it differently, which means today that you have to wait for a stock market transfer, which could take more than 24 hours.
What is eBit payment ?
eBit payment is the first wallet in history which exchanges the best FIAT currencies into most popular cryptocurrencies. eBit Payment LLC, offers exchanges, including crypto-currency exchanges, without unnecessary third parties. eBit payment will also offer its own token, our goal and the desired effect is to have just one party in the middle eBit payment. We created and we innovated, and now we finally have a solution that can guarantee users the simple comfort of usage. eBit Payment will allow the possibility to make fast and affordable international bank transfers and quick purchases with payment cards, that can be managed through the use of an Android or IOS phone. eBit Payment is not a bank, it offers much more than standard bank products the ability to have all your transactions, accounts, and currencies in one place, paying only the minimum price for exchanges, transfers or card payments. Users will be able to transfer money between each other as well, on top of receiving and sending standard transfers, in all currencies, in real time.
We would like to introduce you to the eBit Payment App, which is now in a closed alpha tester phase. It will be available to the public in the first quarter of 2018 and will be available on both iOS and Android.
Vision
The most important element of our long-term vision is to creating better money flow around the world, which is now possible,thanks to the simplified and well-thought out algorithms, at work in our systems
Mission
Technological development in the field of finance is currently one of the most important topics. No wonder it finally creates virtually unlimited possibilities. Imagine that from now on you can be part of it along with us. Our goal? Innovative payment solutions that guarantee you comfort and convenience. eBit will open for you a world of competitive foreign currencies, fast and cost-effective international bank transfers and payment cards with limit linked to the rest of your accounts. This is the scale of services that traditional banking has guaranteed so far. Today, thanks to the ICO capital, these opportunities will also be available to you. Blockchain technology has transformed our money into cryptocurrencies such as Bitcoin. Although the beginnings were modest, today the cryptocurrencies market is worth more than $ 220 billion of which Bitcoin represents nearly half. Many companies use this fact only on a limited basis, focusing only on money transfers or loans. eBit takes it a step further.
Our proposal report competes for banks and other operators, a comprehensive set of financial services, whose goal is only one for your convenience. Standard bank products are the only things we can offer.
eBit will also provide comprehensive solutions for customers and businesses, such as:
- payment for Cryptocurrencies market,
- payment for me,
- applications, enabling easy-to-use fund management - private and corporate,
- workspace,
- ability to rent a car for community members,
- the payment terminal, which allows us to withdraw the FIAT currency at every point of our balance in our crypto-escalation,
- credit card with Insurance in cryptan,
- transparent debit card that ensures cash withdrawal at ATM.
The Solution
eBit Payment LLC, offers exchanges, including crypto-currency exchanges, without unnecessary third parties. eBit payment will also offer its own token. We gradually plan to extend usage of our tokens through ebit coins. Generally, our goal and the desired effect is to have just one party in the middle - eBit payment. That would mean exchanging currencies with the smallest possible spread - a maximum of 0.99%, which is, compared to some other solutions, dozens of times less.
Internally, each user’s account will be displayed in ebit crypto-currency and all transactions will be sent to any of the user-specified currencies, which include various supported crypto-currencies. To achieve this, whenever a user needs to pay using any supported FIAT currencies, the transaction is credited to their account using ebit coins, which will automatically be exchanged, in real time, and directly sent to the transaction destination. The entire procedure is automated, and completely transparent for users, just like any other payment method. But, an eBit Payment is concluded instantaneously.
The order of operations :
When a user tries to pay using our card, the terminal contacts the card provider, requesting permission for the transaction. Upon agreement, the card provider’s servers request an internal check of the user’s account balance, in ebit coins. t, If the balance checks out, our servers send ebit coins from the user’s account to our exchange service, which then deals with sending the fiat currency to the shops account. The final step is confirming the purchase with the card provider, and thus, the terminal. And that’s it, the purchase is complete. Everything done in just a few
seconds - literally just like your typical payment card.
Simplified scheme how sample transaction works :
Services offered by eBit Payment
eBit Payment is not a bank, it offers much more than standard bank products - ability to have all of your transactions, accounts, currencies in one place, with the minimal prices for exchange, transfer or card payment. Some of typical features will stay of course. Users will be able to transfer money between them, receive and send standard transfers, in all currencies, in real time.
Being an eBit Payment user is a great benefit to many different levels. Apply for a FIAT credit card at any time, and we will reflect it and secure it in the cryptocurrencies.
How to buy eBit Payment ?
Here is a presentation trailer on how to buy eBit coins ?
Distribution of funds
While eBit Payment investments raise funds, you make profits. We want the best for our users, thus we have prepared a detailed outline of how we are planning to spend raised money.
Development - 30%The expansion of an already existing platform involves costs such as hardware, employee salaries (including bonuses, incentive packages of tokens), employment of external assistance such as pentester, and office space.
Additional work force - 10%eBit Payment intends to grow at a rapid pace, so we need to hire new employees in the following areas: Marketing, Finance and Legal Finance, HR, Administration and Customer Service.
Marketing - 10%For a platform to work well and be recognized by a wider audience, it must be available to users, so, we are willing to spend 10% on the costs associated with broadening marketing. With more users, comes more feedback, and with feedback, comes our ability to adapt and solve problems faster for our users. It is imperative that we create a large society using our platform.
Market and network fluency - 35%The financial market is not the simplest sector to work within. We will need funds to initiate collaboration with other companies in the industry to make transactions as fast as possible. But, it will be beneficial in the long-run, as this will open up new opportunities for even easier financial interactions within the platform in the future.
Licensing, integration and partnership: 15%As eBit Payment LLC, we need to invest in software licenses, bear the additional costs associated with issuing payment cards and also bear the burden of "patching" the gap between crypto-currencies and traditional currencies.
Timeline of token sales
Token sales will cover a period of 28 days. The Initial Coin Offering will begin on November 24, 2017, at 00.00 am time in Delaware, and will last until January 26, 2018, or until the target is reached - 21.600.000,00 USD. The number of tokens is limited, which means that after the ICO period expires or all of the tokens are purchased, eBitcoin will only be available on cryptocurrency markets.
Roadmap
Phase I Q 2018
- eBit Payment enters the market
- eBit Payment App
- First eBit Payment LLC branch in London
- Conclusion of a contract with BIT.NXT
- Launch of payment service for the first cryptocurrency trading platform
Phase II Q 2018
- eBit Payment Personal Currency Exchange
- eBit Payment launch of second contract with cryptocurrency mine
- eBit Payment Multi-currency payment Card
Phase III Q 2018
Introduction of cost management app
Phase I Q 2019
eBit Payment Bonus Points
Phase IV Q 2019
eBit Payment Bussines
Core Team
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Juliusz Czakon
Public Relations Manager
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Jarosław Dziędzioł
CTO / Co-Founder
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Cryptocurrency analyst since 2014, programmer and qualified photograph high scored by Google. Development Advisor.
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Ilya Panaschenko
Special Social Media Advisor
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Artur Hofman
CCO / Co-Founder
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Experienced in cryptocurrency market since 2014, marketing expert since 1989, current Google partner.
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Elizabeth Vashek
Special Publicist Advisor
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Let's join us :
- Website : http://ebit-payment-ico.com/
- Report : https://ebit-payment-ico.com/whitepaper.pdf
- Facebook : https://www.facebook.com/eBitICO/
- Twitter : https://twitter.com/ebit_coin
- Telegram : https://t.me/joinchat/GTbnmg36MlZBfJivszIYxg
- ANN Thread : https://bitcointalk.org/index.php?topic=2440198.0
Posted by Dico88
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