Vitsolutions, LLC has been conducting technical development of the World Bit Bank project and researching innovative financial technologies and the blockchain technology since 2016. World Bit Group which manages the World Bit Bank was established in 2018. It was registered in the EU and holds the Virtual currency against fiat currency exchange license and the Virtual currency wallet service license. Being under European jurisdiction, all real and digital assets of investors will have the highest security.
By covering a large portion of the globe, we will be able to provide millions of people with banking services using cryptocurrency in conventional banking operations. Such services include: cryptocurrency loans, use of cryptocurrency in VISA/MasterCard debit cards, easy and cheap transfer and exchange of cryptocurrencies and many more financial transactions we make every day.
IT company Vitsolutions, LLC, for the development of mobile applications and financial technologies, established.<br />
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Team of banking experts and software developers assembled. Work on the World Bit Bank project commences.
26.12.2017
Contract of intent to purchase a bank in Europe signed.
27.12.2017 - 26.04. 2018
Meeting with investors and presentation of the project to venture capital funds.<br />
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Project concept formulation.
27.04.2018 – 27.06.2018
Conducting PRE – ICO and raising 25 million euros for the purchase of an existing bank in Europe.<br />
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Preparation of documents for the purchase of an existing bank in Europe.
3Q 2018
Purchase of an existing bank in Europe. Development and commissioning of World Bit Bank software products.<br />
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Preparation for ICO of the Banking Group World Bit Bank.
4Q 2018
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.<br />
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Rebranding the banks to World Bit Bank.
2019
Purchase of 9 banks in various financial jurisdictions around the world under the brand of the Banking Group World Bit Bank.<br />
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Rebranding the banks to World Bit Bank.
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