GlobelBit A coin of 4th generation of banking and payments.
What is GlobelBit?
The potential impact of technological development in finance is one of the hottest topics today. Many
start-ups are trying to revolutionize financial services. However, they mostly focus on a niche and cannot
take advantage of economies of scale, which is one of the main advantages enjoyed by traditional banks
that may not be as technologically advanced. GlobelBank plans to achieve the scale to offer traditional
and emerging banking products in a technology driven Blockchain environment, eventually becoming the
one-stop shop for all banking requirements.
GlobelBank is already achieving significant progress as a
FinTech company, and plans to have significant infrastructure in place prior to the initial coin offering
(ICO). Already, GlobelBank has the necessary regulatory and IT arrangements to offer individual
international bank account numbers (IBAN) which can accept and make payments in the Single Euro
Payments Area (SEPA). & UK, USA Bank Account.
GlobelBank is in position to offer competitive foreign
currency exchange rates, quick and cost effective international bank wires as well as having the
“GlobelBank Payment Card” which known now by the name of PayGlobel Card linked to cardholder’s
payment account. GlobelBank is building a commercial bank to last, therefore, the focus will be on the
scale, elimination of counterparties and offering core banking services such as savings, loans, investments
and business accounts. To achieve these goals, GlobelBank has already got the license and currently
operating on initial level in PayGlobel, the most unique thing on
GlobelBank is all the money in bank have
a growth power up to 0.50% every 24hrs, the growth calculated on behalf of bank earnings as we believe
every bank in this world can grow the money up to 1% every day and almost all of banks have advantage
of this just they don’t share this revenue with account holders as we are not like them, we will provide up
to 0.50% profit on the funds which are in holder account and we make it also term free means there will
be no any terms and restrictions to withdraw funds anytime.
GlobelBank also plans to be a member of
key financial networks, such as achieving issuer and acquirer status with major payment card schemes as
well as becoming a participant in payment networks such as SEPA in EU, Faster Payments in the United
Kingdom and ETF in Canada. In addition to traditional banking products, GlobelBank will be providing
innovative solutions for both individual customers and businesses alike, in a low-cost banking
• For businesses, GlobelBank will improve cash flow by extending finance for
payment processing against future expected payments, based on historical cash flows and expected
• For individuals, GlobelBank will address the age-old problem of client’s savings not keeping
up with inflation by creating an investment product linked to a basket of goods that automatically adjusts
GlobelMoney is a leading global online money transfer business. Migrants and expats from 35 countries can make online payments to families and friends in over 100 destinations.
Offering a wide range of options to send and receive payments. Senders can make payments online, through smartphones or tablets, by debit or credit card, or via bank transfer. Digital Currencies, or with many instant options Recipients can get paid via bank deposit, direct transfers to mobile wallets, cash pickup or delivery, or airtime top-up for their mobile phones. and #1 in instant exchanging you can exchange any currency or and digital currency with us with our lowest fees.
PayGlobel is a new project of GlobelMoney Group and just launch with providing Personal, Business, & Brokers Account PayGlobel key services are to provide 4g banking solutions, Deticated bank accounts, Payment cards, Currency exchange, Wallet Exchange, & also leading customizable payment solutions.
Also covering funds with 4g investment banking so all funds have growth up to 0.50% each 24hrs.
As GlobelMoney Group is in market from 2014 and due to capital issue we had launch a initial release of an investment program in 2016 to cover the capital need as from 2 years now our program is working and our 1600+ initial program members are getting upto 0.50% of profit from their funds every day the most unique thing about this program is it's terms and condition free means there is no contract and no hold you can withdraw and send your funds whenever you want.
And follwing this structure group decide to find a bank in early 2015 and start making reserch in compliance and legal issues and proudly we got a banking license in 2016 and we organize our first public event, curenttly GlobelBank providing initial accounts in PayGlobel and once we launch our bank all the accounts and funds will move to our commercial bank, group aim to start bank in the middle of 2018.
Even if outgoing transactions are untraceable, everyone may still be able to see the payments you have received and thus determine your income. However, by using a variation of the Diffie-Hellman exchange protocol.
a receiver has multiple unique one-time addresses derived from his single public key. After funds are sent to these addresses they can only be redeemed by the receiver; and it would be impossible to cross-link these payments.
Nobody is able to spend the same money twice — even if all his signatures are anonymous. Every signature contains a key image — a kind of fingerprint of the secret key.
It is based on a one-way GlobelBit function; this implies that given only the key image it is impossible to restore the corresponding secret key. These key images are used to prevent double-spending.
Blockchain analysis resistance
Non-repeating one-time addresses and mixed keys in ring signatures make the whole blockchain resistant to analysis. Each future transaction will only increase the entropy and create additional obstacles for an analyst.
GlobelBit is designed to mitigate the risks associated with key re-usage and one-input-to-one-output tracing. Every address for a payment is a unique one-time key, derived from both the sender's and the recipient's data. It can appear twice with a probability of a 256-bit hash collision. As soon as you use a ring signature in your input, it entails the uncertainty: which output has just been spent.
Egalitarian proof of work
The proof of work mechanism acts as a voting system. Thus, it is crucial that during the voting process all the participants have equal voting privileges.
GlobelBit brings this equality with its egalitarian proof of work, utilizing built-in CPU instructions, which are very hard and too expensive to implement in special purpose devices, but perfectly suitable for ordinary PCs.
GlobelBit provides users with a completely anonymous payment scheme. GlobelBit implements the ring signature technology which allows you to sign a message on behalf of a group.
The signature only proves the message was created by someone from the group, but all the possible signers are indistinguishable from each other.