lelaapril2004: Ebit Payment [ICO]

What is eBit Payments ?

Especially for you, we want to reduce the cost of banking. For this purpose we established eBit - 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 required minimum, which means a significant cost reduction.

THIS DOCUMENT DOES NOT PROVIDE PERSONAL, LEGAL, OR FINANCIAL COMMENTS. YOU'RE POWERFUL TO FIND A PROFESSIONAL LEGAL ADVICE AND YOUR OWN RECOMMENDATION :

The eBit Payment (ebit) White Paper (hereinafter - 'the White Paper', 'the Document') is presented for informational purposes only.
Nothing in the Document shall be construed as an offer to sell or buy securities in any jurisdiction, or a solicitation for investment, or investment advice. The Document does not regulate any sale or purchase of the ebits (as referred to in the White Paper). The sales and purchases of the ebits are governed by the Terms and Conditions.
Several estimates, phrases and conclusions incorporated in the White Paper constitute forward-looking statements. Such statements or information concern matters that involve uncertainties and risks, which may result in material differences from the results anticipated.
The White Paper may be updated or altered, with the latest version of the Document prevailing over previous versions and we are not obliged to give you any notice of the facts or content of those changes. The latest Englishtranslated version of the White Paper is available at the "http://ebit-payment-ico.com/" website. And while we make White Paper is accurate and up-to-date,when it is disseminated, the proposed document is not an alternative to consulting an independent 3rd party opinion.
The White Paper and its related documents may also be translated into languages other than English. But, should a conflict or an inconsistency arise between the English language version and the foreign language version, the English language version of the Document govern governance and prevail.
The White Paper does not constitute an agreement that binds eBit Payment. eBit Payment, its directors, officers, employees and associates does not warrant or assume any legal liability arising out of or related to the accuracy.reliability, or completeness of any material contained in the White Paper. To the fullest extent permitted by any applicable law in any jurisdiction, eBit Payment shall not be liable for any indirect, special, incidental, consequential or other types of losses, arising out of or in connection with the White Paper, including but not limited to: loss of revenue,income, profits, or a loss of data. Persons who intend to purchase ebits, should seek the advice of independent experts before committing to any action, set out by the White Paper.
You do not have the legal right to participate in the ebits digital asset public sale if you are a citizen, a resident (tax or otherwise), or a green card holder of the United States of America (including Puerto Rico, US Virgin Islands, and any other protectorate of the United States and any other representatives of the United States or any jurisdiction where the issue of ARS would be illegal or subject to any requirements of registration, licensing or lock-up. "A representative of the United States "means - a naturalized person resident in any jurisdiction or institution, organized or registered in the United States of America. According to those laws, US citizens living abroad may also deemed "US representatives" under certain conditions. You do not have the legal right to participate in the ebits digital asset public sale if you are a citizen of any country that does not approve of ICO, thus eBit Payments will not take responsibility for any of the above-mentioned circumstances.

Problem

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, currency exchange and forced to pay a 'spread' (the difference between the buy and sell rates which allows parties such as large banks and the cash market to generate profits). For example, a simple transaction could be a spread, as high as 12% of the total transaction value, and may have to go through a number of intermediaries which individuals must always pay. Even service providers, trying to minimize the number of parties involved, simply by knowing that they can then earn more, because a larger percentage of spread approaches them.

In addition, there is no global or universal currency for people who travel frequently - they should always bounce back and forth between currencies, trade them 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 Indonesia UK, is completely absent.

Intuitively, people start looking for a universal currency. The most common currencies today are USD and EUR, but even they are not common enough. Therefore, many people turn to crypto currency, such as BTC (BitCoin) and ETH (Ethereal). Although there is a crypto currency exchange market, most do not

trustworthy 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 redeem it with another, which currently means waiting

for transfers from the stock market, and it could take more than 24 hours, which is too long, compared to a simple buy a bottle of milk at the store directly. Of course, that's only if the 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

But, suppose there is such a bridge, what if the currency in question changes its value drastically in a short period of time? We can not just make our users predict fiat and crypto fiat levels, or just tell us to handle

I Users do not have to worry about things like that. If a user reloads their account with 10 units of the given currency, and exactly 10 units of that currency, do not lose. Their account value should not change for a while.

In conclusion and thus, calculate everything :

Continuing to exchange currencies is currently not very economical
To pay in foreign currency, a person must first buy another, which is a problem
There is a strong shortage of work bridges connecting fiat currencies with crypto currency - only empty ones
minimum is there to keep crypto-currency globally viable.
Transfer time is too long
Market fluctuations are too unpredictable

The solution

eBit Payment LLC, offers exchanges, including crypto currency exchange, without unnecessary third parties. eBite payments will also offer a separate token. We are gradually planning to extend the use of our tokens - via ebit coins. Generally,

Our goal and desired effect is to have only one party in the middle - eBit payment. That means currency exchange with the smallest spread possible - a maximum of 0.99%, which is compared to some other solutions,

dozens of times less.

Internally, each user account will appear in a crypto ebit currency and all transactions will be sent to one of the user-specified currencies, which includes all supported crypto-currencies. To achieve this, whenever it takes a user to pay using a supported FIAT currency, transactions are credited to their account using ebit coins, which will be automatically exchanged, in real time, and delivered directly to the destination of the transaction. The whole procedure is automated, and completely transparent to the user, just like any other payment method. But, eBit Payment is inferred instantaneously. Operation sequence:

When a user tries to pay using our card, the terminal contacts the card provider, requesting permission for the transaction. Once approved, the card provider's server requests an internal check against the user's account balance, on the ebit coin, If the balance checks out, our server sends ebit coins from the user account to our exchange service, which then deals with the delivery of fiat currency to the store account. The final step is to justify the purchase with the card provider, and thus, the terminal. And that's it, the purchase is over. Everything is done in just a few seconds - literally like your regular payment card. In this way, many currency and exchange problems are solved - ebit coins are the most sought after of universal currencies Transferring currencies is never smooth. Because of the speed of the blockchain network, transfers usually arrive in just a few minutes, a problem solved by itself

3.eBit Payment Overview

Vision - eBit Payment - the solution to your payment problems in modern society

eBit Payment offers solutions to the above problems - this is the first system that links payments in classic FIAT currencies with crypto-currency We have dubbed it, a personal online currency changer in the form of card payments.

Technological developments, especially in finance today are one of the hottest topics, and not surprisingly - they are practically creating endless possibilities. We create and we have solutions that can guarantee the simple convenience of usage. Earned payments will allow for the possibility of fast and affordable international bank transfers and fast purchases with payment cards, which can be managed through the use of Android or iOS phones. This service scale can not be found anywhere else, even in traditional banking though. From now on, thanks to ICO capital, this Capability will also be available to our average users.

eBit Payment is not a bank, it offers more than just standard bank products - the ability to have all your transactions, accounts, and currencies in one place, pay only the minimum price for exchange, transfer or card payment. Some traits of course will still exist. Users can also transfer money between people over receiving and sending standard transfers, in all currencies, in real time.

The basic function of eBit Payment - its products and infrastructure eBit Payment is a project, which includes the following solutions :

Multi currency wallet
Real time exchange with access to currency exchange rates
Multi currency currency payment card
Online payments
Business applications
Cooperative environment

eBit Payment app is a great solution for users who have multiple accounts in multiple currencies and crypto power, such as USD or ETH, especially if they need 3rd currency, for purchases, like BTC. Here, with eBit Payments, everything is easier - one app - multiple possibilities - no medium or crypto currency currency.

A multi currency purse in the eBit Payment app, with the ability to have one account, which serves as many cryptocurrencies or FIAT currency accounts as needed.

Real-time exchange with access to currency rates, which makes it easy for users to access all supported currencies, including crypto currency and currencies that are not available in your locality locally. All that, from anywhere in the world, without the worry of generating huge costs.
Multi-currency payment cards simplify the lives of users and give them the possibility to easily pay or withdraw money anytime, anywhere in the world. In addition, eBit Payment gives users a unique opportunity to work with multiple crypto-currency accounts - just as payment cards are not directly related to user accounts, users can freely choose, change and choose any card with the desired account, even immediately before payment. Furthermore, cards offered in FIAT currency are secured with the user's crypto-currency assets.
Online payments in eBit Pay will work instantly with a minimum transaction fee. Our goal is to support all means of payment, online transfers, card payments and phone payments. Our IT technicians will take care of further encrypting all user transactions correctly, which will improve user security.
Our Target Business App is to unite companies from around the world, and help them maintain contact by simplifying the flow of money. Our move so far, will encourage contractors and foreign companies to encourage mutual support for each other and their work. For example, through a community car rental when needed.
Cooperative working environment - creates quick and easy access to office share space in big cities. As we know, Work quality and efficiency depend on many factors, including the right workspace. On our eBit Payments Be aware of that, which is why we will create a network of workspaces, which will meet your needs for all office space around the world.

Long-term vision - build eBit Payment community

In our company, we believe in a few years, that all payments will be made under one network - a system that will serve with eBit Payments. This will be a system that will connect users to each other, helping them maintain it accounts, make payments, currency exchange and more. Finally,
eBites Payment will not only be a useful Currency Exchanger for everyday life, but also a brand, which helps users and connects it to a larger community.
The most important element of our long-term vision is to create a better flow of money around the world, which is now possible, thanks to a simplistically simplistic and well thought out algorithm, in the workplace of our system. Another very important aspect, which will play a major role in the payment system is the ever-changing stream of data and new fiat and crypto-currency, which is more useful in our daily lives. Thanks to more readily accessible, simple, bi-directional exchange platforms from typical FIAT currencies and crypto currencies, it will be easier, and more importantly, cheaper, at a lower cost.
We will also introduce new bug trackers, so any bugs can be reported by our users, to be tracked by us and patched. This will improve the overall usability of the app.
Going forward, we want eBit Payment to work with external companies, to enable the creation of loyalty programs.

Every transaction of our users will be rewarded with points. The number of points will depend on the size of the transaction. Points can be used for various discounts, bonuses and other benefits, which can be redeemed at the company. In addition to upgrading the system and establishing partnerships with different companies, in the future,

Payment eBits want to introduce their own payment terminals, which allow payments for users using their phones, and login, without need of payment card. Such a terminal of course also means lowering costs.

After eBit Paying for all the needs of individual users, it will begin to work on a customized global payment system to the business. eBit Payment Business will be a tool for the company, which among other features, will include 24h warranty support from our financial expert ranks.

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.