Karya Baru di Dunia Maya: Financial Environment Will Earn New Excellent Service, It Is Ebit Payment

Who And What Is Ebit Payment?

Technology is developed and always developing, improvement in any aspect using technology. Sport, Education, Art, Social Environment, and most of human activities are touched with technology. It is included also in financial sector. Technology had touched financial sector in many activities, in transferring money, saving our money not to teller anymore but now directly to ATM, banking activities using mobile phone, using internet, and now people are starting to use cryptocurrency as alternative for financial activities.

However, this cryptocurrency is used at the present using internet network. The usage still limited to certain people even started grown up but it can be said it is still beginning. There are still a lot of people and institutions including companies use monetary currencies as a common money. Moreover if someone travel to overseas at least should use FIAT currencies such as USD, EUR, or CHF. Otherwise, some people now is started to own cryptocurrencies such as . BTC, ETH, LTC or ZEC for their investment or for their saving fund. Connecting these two type currency is still not easy, need long time and also with cost. Converting currency between common money will need spread that is usually high, moreover between different currencies such as FIAT and Crypto.

There is a team joined into development team, some of them are young bright programmers from all over the world (mostly USA, Russia, Poland). This team is backed by marketing and money exchange business geniuses who bring huge financial development experience. This team founded a payment system using company namely eBit Payment LLC which address at 910 Foulk Rd, Wilmington, DE 19803, USA. They want to share idea, which is not about famous founders and getting 500 milion USD from ICO but focused on connecting formal business with cryptobusiness.

This eBit Payment team has objective for providing innovative payment solutions that guarantee the user comfort and convenience. eBit Payment will open the user into a world of competitive foreign currencies, fast and cost-effective international bank transfers and payment cards with limit linked to the rest of user accounts. This is the scale of services that traditional banking has guaranteed so far. Today through Blockchain technology that is used recently in crypto world eBit Payment has transformed common money into cryptocurrencies such as Bitcoin, Litecoin, Ethereum, etc. 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. But eBit Paymeny (eBit) takes it a step further. They are proposing and idea for competitiveness of banks and other operators a comprehensive set of financial services which has only one purpose that is user conveniences.

This eBit will also provide comprehensive solutions for customers and businesses, as quoted from this link https://ebit-payment-ico.com/company/ such as:

- payments for Cryptocurrencies market,

- payments for mine,

- application, which allows convenient management of funds - private and corporate,

- co-working space,

- the ability to rent cars for members of the community,

- payment terminals, allowing user to withdraw the FIAT currency at each point of user balance in user cryptocurrencies,

- credit cards with Insurance in cryptocurrencies,

- transparent debit cards guaranteeing cash withdrawals at ATMs.

We should know also the team behind this great eBit beside mentioned above as specialist, here they are management team that can be found at this link https://ebit-payment-ico.com//company/ :

To be active in their service, eBit has Vision to be reached such other common organizations. Here are below :

Vision : The solution to your payment problems in modern society

By above vision, eBit is expecting to be the first system to connect payments in classic FIAT currencies with crypto-currencies. eBit also hope that expectation can be reached to be a personal online currency exchanger in the form of a payment card.

The order of operations:

When a user tries to pay using eBit 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. If the balance checks out, eBit servers send ebit coins from the user’s account to eBit 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. That is the completion of purchasing process, all are performed just in a few seconds - literally just like other typical payment card.

Through the procedure then the multiple currencies and exchange problems had met their solutions. We need to thanks to blockchain network speed as in common way that transferring between currencies has never been so seamless. It is the reason why a transfer usually arrives in just a few minutes in this way using blockchain. Ebit coins as used this blockchain network speed find the solutions of transfer issue, it is that which is seek by many people who aim to find somewhat a universal currency. Author will present simple scheme how a sample of transaction works:

How excellent is the service provided by eBit Payment?

As discussed above specifically about eBit Payment, we have known what and who is eBit Payment. With eBit creation and innovation, they finally have a solution that can guarantee users the simple comfort of usage. That special services provided only by eBit, it can’t be found anywhere else, not even in common banking. The special services of eBit 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.

It is better for us to know more about this eBit as perhaps in future or near we can receive the services provided by eBit.

These services can also be founded in their whitepaper at their website : https://ebit-payment-ico.com/ :

We know that eBit Payment is not a bank, as said than in some point specially transferring money and exchangeing between crypto and fiat are more than common bank. The ability to have all transactions, accounts, and currencies in one place, paying only the minimum price for exchanges, transfers or card payments are provided by eBit.

Basic functionality of eBit Payment specially related with their products and their infrastructure will be presented here.

As quoted from their whitepaper, eBit are providing excellent services to the user by following solutions :

• Multi-currency wallet

Multi-currency wallet in eBit Payment application, with the ability to have one account, that serves as many crypto- currencies or FIAT currency accounts as needed.

• Real-time exchange with access to currency rates

Real-time exchanges with access to currency rates, which makes it easier for users to access all supported currencies, including crypto-currencies and currencies that are locally unavailable in your area. All that, from any place in the world, without the worry of incurring large fees.

• Multi-currency payment card

Multi-currency payment card simplifies the user's life and grants them the possibility to easily pay or withdraw money at any time, anywhere in the world. In addition, eBit Payment gives the user the unique opportunity to work with multiple crypto-currency accounts - as payment cards aren't directly linked to the user’s accounts, users may freely choose, change and pick whichever card with the desired account, even directly before the payment.

Furthermore, offered cards come with the featured possibility of an eBit credit line in FIAT currency, secured with the user's crypto-currency assets.

• Online payments

Online payments in eBit Payment will work instantaneously with minimal transaction fees. Our goal is to support all means of payments, online transfers, card payments and phone payments. Our IT technicians will take care of further encrypting all the user’s transactions properly, which will increase user-security.

• Business app

eBit Payment app is a great solution for users that have multiple accounts in multiple currencies and crypto- currencies, like the USD or ETH, especially if they need a 3rd currency, for purchases, like BTC. Here, with eBit Payment, everything is easier - one application - multiple possibilities - no middle currency or crypto-currency.

• Cooperative environment

Cooperative environment - creating easy and fast access to office sharing spaces in big cities. As we know, the quality and efficiency of work depends on multiple factors, including a proper workspace. At eBit Payment we are aware of that, which is why we will create a network of coworking spaces, that will fulfill your needs for office space all over the world.

eBit Business App has target to unify all around the world of companies also to help those companies maintaining contact by simplifying the flow of money.

Cheap spread for currencies exchange

By using their technology, eBit can eliminate third parties involved in exchanging currencies by serve just 0.99% spread. If someone want to exchange between 2 (two) currencies, sometimes it usually happened to be applied until 12% spread ((a difference between the buying and selling price which allows third parties such as large banks and cash exchanges earning profit). This spread is quite high just to exchange the currencies, a businessman will suffer and lose much profit caused by this high spread. He can still receive profit but decreasing, it can be imagined if the businessman able to reduce that spread significantly with same price then he will earn more big profit or he can sell the product with cheaper price. This situation surely will give benefit to many people that nowadays always related with financial sector.

Other sample of reducing spread will also obtain by overseas travelers who often change the currencies with suitable country. Cheap spread for currencies exchanging surely will save much money of the traveler.

It is clear now that eBit Payment’s system was created to make a transaction between the crypto-currency market and a bank, with transactions costs cheaper than 0.99%, for all our users.

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. Commonly like any other payment method, entire procedure will be executed automatically and completely transparent for users. However, eBit Payment serves more in concluded instantaneously.

Other advantages of eBit are :

- Each of our user’s transactions will be rewarded with points. The amount of points will depend on the transaction size. Points can be spent on a variety of discounts, bonuses and other benefits, which may be redeemed at the aforementioned companies.

- In the future, eBit Payment would like to introduce its own payment terminals surely with lower fees which would allow payments for users using their phones, and logins, without the need for payment cards.

- eBit will work on a global system of payments tailored towards business. eBit Payment Business will be a tool for companies, that among other features, will include a 24h support guarantee from our array of financial experts.

- Another thing that wanted by eBit to be implemented is a balance protection mechanism. This balance protection mechanism will normalize user’s balance if the market fluctuates, then users are avoided from fluctuations risk. As in eBit whitepaper, here is basic scheme the balance protection mechanism to be applied :

From above explanation, we are knowing the excellent services provided by eBit. Then if there is a problem related with payment should be solved. There will be no more problems to be faced again such as :

• 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 crypto-currencies - only the bare minimum exists to keep crypto-currencies globally viable.

• Transfer times take too long

• Market fluctuations are too unpredictable

eBit is really a bridge for exchanging currencies either FIAT and Crypto with cheap cost and fast process. This eBit can represent as universal currency that people will seek as universal currency.

eBit Payment Project

At current time, eBit Payment is still being developed to be realized after sufficient fund collected. Collecting the fund will be reached in a Road Map. Here is the Road Map of eBit Project :

Investment raised will give profit to investor. eBit will present detail planning of the fund collected :

1. Development - 30%

2. Additional work force - 10%

3. Marketing - 10%

4. Market and network fluency - 35%

5. Licensing, integration and partnership: 15%

If in graphical view, it can be seen below :

We can hope the eBit Payment will be successful then people around the world specially in financial aspect will gain benefit and advantage. It can be expected if the project succeeded, many sector will gain multiplier effect by this easiness and conveniences. Welfare around the world should be gained influences in positively.

Further information can be referred to below link :