Ebit: as a decentralized payment platform for blockchain technology in the future

 

What is eBit Payments ?

eBit is a system for processing payments, built in the era of blockchain, which limits the number of middlemen. How does this change benefit you?
So far, the financial services sector is dominated by firms based on a large number of intermediaries. Payment of eBooks reduces this amount to the minimum required, which means significant cost reductions.

Problems faced at this time

In this era of globalization and our current journey, modest forms of payment have become much more problematic to discover. This is mainly due to the large number of existing currencies. Every day, millions of people travel, exchange currencies and are forced to pay a ‘spread’ (the difference between the buy and sell rates that allow parties such as big banks and the stock exchange to generate profits). For example, simple transactions can spread, as high as 12% of the total transaction value, and may have to go through a number of intermediaries, which must always be paid by individuals. Even service providers, who seek to minimize the number of parties involved, simply by knowing that they can earn more, as a larger percentage of spread approaches them. In addition, there is no global or universal currency for people who travel frequently — they must always rise back and forth between currencies, exchange it in the most frequent way, and only accept their losses at all times. One standard currency, which can be used to pay for products in the same way in France, Canada, China and the United Kingdom, is completely absent.

Intuitively, people start looking for a universal currency. The most common currencies today are USD and EUR, but even both are not common enough. Therefore, many people turn to crypto currency, such as BTC (BitCoin) and ET (Ethereal). Although there is a crypto currency exchange market, most of them can not be trusted or secure. This fact creates another problem. If a user buys something in a store that does not accept their own crypto currency, they need to exchange it for a different one, which currently means waiting for a transfer from the stock market, and that could take more than 24 hours, which is too long, buy a bottle of milk at the store directly. Of course, that’s only if the given market even supports cryptocurrencies. Thus, there is clearly a shortage of well-made bridges to transfer between FIAT currencies, (eg USD, EUR, or CHF), and crypto currency (eg BTC, ETH, LTC, or ZEC), playing here.

If a user recharges their account with 10 units of any given currency, they wants to use 10 units of that currency, and exactly 10 units of that currency, not less. Their account value should not change in the meantime.

In conclusion and to thus, sum everything up :

• Constantly exchanging currencies nowadays is highly uneconomical
• To pay in a foreign currency, one must first buy another one, which is hassall
• There is a strong lack of a working bridge connecting fiat currencies with cryptocurrencies only the bare minimum exists to keep cryptocurrencies globally viable.
• Transfer times take too long.
• Market fluctuations are too unpredictable.

Our goal

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 is competitive for banks and other operators a comprehensive set of financial services, whose purpose is only one your convenience.Standard bank products are the only thing that we can offer. eBit will also provide comprehensive solutions for customers and businesses, such as:

• payments for Cryptocurrencies market,
• payments for mine,
• application, which allows convenient management of funds — private and corporate,
• coworking space,
• the ability to rent cars for members of the community,
• payment terminals, allowing us to withdraw the FIAT currency at each point of our balance in our cryptocurrencies,
• credit cards with Insurance in cryptocurrencies,
• transparent debit cards guaranteeing cash withdrawals at ATMs.

Utilization of funds

1. 30% Development
   Expansion of an 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.
2. 10% Additional workforce
   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.
3. 10% Marketing
   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 broad marketing. With more users comes more feedback and our ability to adapt and solve problems faster for our users. It is imperative that we create a large society using our platform.
4. 35% Market and network fluency
   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. In addition, this will open up new opportunities for even easier financial interactions within the platform.
5. 15% Licensing, integration, and partnership
   As eBit Payment LLC, we need to invest in software licenses, bear the additional costs associated with issuing cards and also costs of “patching” the gap between cryptocurrencies and traditional currencies.

Token sales timeline

The sale of tokens will span 28 days. It will begin on November 24, 2017, at 00:00 AM. Delaware time, and will last until December 22, 2017, or until it reaches the target amount — $ 21,600,000.00. The number and time of token sales is limited, which means that after a specified period of time or after the inventory is exhausted, the tokens will no longer be sold. After this period it will only be possible to purchase eBitcoins on cryptocurrency markets.

• Maximum number of generated “ebit” tokens : 210 000 000
• Number of tokens on sale : 120 000 000
• Starting time of pre-sale : 24 / 11 / 2017
• Pre-Sale Termination : 22 / 12 / 2017
• Estimated time to enter the stock market : 05 / 01 / 2018
• Approximate token price after entering the cryptocurrency exchanges : 0,96 USD

Benefits and levels of investment in the eBit Payment project

Every investor is very important to us and that is the reason every co-creator of our community receives a premium account with a 30% lifetime return of paid fees, unconditionally. Premium users that purchase at least 100 EBT will additionally be able to order our transparent payment card before its official release.

For strategic investors, we have provided additional benefits in the form of :

• Investor GOLD * — Purchasing over 100,000 EBT.
• Lifetime 40% return on commission paid.
• Unconditional access to the eBit card before official release.
• Investor PLATINUM * — purchasing over 300,000 EBT.
• Lifetime 50% return on commission paid.
• Free lifetime access to the Business Lounge at our worldwide locations.
• Free coworking space as your office in all major business capitals.
• Unlimited access to the eBit card before official release plus a lifetime renewal.
• To become an investor, you must purchase tokens between 24.11.2017 and 22.12.2017. After purchasing tokens send a message.

Services offered by eBit Payment

Payments for cryptocurrency markets

For clients, an investor or even a regular user of a cryptocurrency, the most important thing is to pay for the currency you buy. Unfortunately, traditional banks not only often make it difficult, but they are also are reluctant to support cryptocurrency transactions. Effect? The client is unable to take out his money. In eBit, we know how big this hurdle is, so we suggest shortening the process to a simple FIAT transaction — while using any cryptocurrency.

Payments for cryptocurrency mines

It is important to pay for investment in cryptocurrencies in a way most convenient for the client. Traditional banks, however, are reluctant to support transfers involving cryptocurrencies or cryptocurrency mines, which in turn restrict their development. In eBit your comfort and convenience are always in the first place. We will be accepting payment for cryptocurrencies, so that customers and investors will be able to pay their FIAT currencies in any way — from the traditional transfer, through credit card to instant internet payment.

Mobile application

Shared management of private and corporate funds is a solution that significantly facilitates daily payments. At eBit we offer you a comprehensive application enabling you to:

• immediate choice of the cryptocurrency you currently want to use,
• delegating employees to pay,
• supervising the costs incurred,
• The release of additional funds for unforeseen expenses,
• And all this with a single click!

Coworking space

Fast and efficient operation depends on many factors, including the right place to work. At eBit Payment we are totally aware of that. That is why we will be the first in the world to create a special coworking network for you, which will provide the necessary office facilities.

Possibility to rent cars for community members

Collaboration on many levels is the foundation of every success. At eBit Payment we will allow you to rent a car on very favorable terms directly from members of our community who would in return receive extra income in the cryptocurrencies. This means profit for every party!

Payment terminals

Cryptocurrencies without using them in everyday life? Not with eBit Payment. Imagine that with our card and application, you will be able to exchange cryptocurrencies to the FIAT currency you currently need in every store that has an eBit terminal.

Credit card secured in cryptocurrencies

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.

Transparent debit card

Transparency of services is essential. At eBit, we will offer you a debit card from which you will be able to pay out the FIAT currencies at any ATM in the world — and that is calculated from any cryptocurrency you choose in our application. QR code located on your card will guide you to Your money.

Our Roadmap

• 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
• II Q 2018
  - eBit Payment Personal Currency Exchange
  - eBit Payment launch of second contract with cryptocurrency mine
  - eBit Payment Multi-currency payment Card
• III Q 2018
  Introduction of cost management app
• I Q 2019
  eBit Payment Bonus Points
• IV Q 2019
  eBit Payment Bussines

The Team

Our development team is a group of young bright programmers from all over the world ( mostly USA, Russia, Poland ). Backed by marketing and money exchange business geniuses who bring huge financial development experience, we want to share with you the idea, which is not about famous founders and getting 500 milion USD from ICO. We are a small group focused on connecting formal business with cryptobusiness and for now we don’t want to be name mentioned. Although we can promise you the opportunity to meet our team and CEO at grand opening of London branch in January! Stay connected with us, check out our website and keep posted for new videos. Let’s do it together! Let’s change the world now!

More detailed information about this great project, you can check our official site and our community as follows :

Ann Thread | Website | Whitepaper | Twitter | Facebook | Telegram

Bitcointalk Username: KidsJamanNow

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1308879

My ETH Address: 0x20972209f08119939816158a1417b6E9c11Cd010

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