Millions of people travel globally, exchange currencies and pay spread between buying and selling rates that allow parties such as banks and the exchange to make money.
Intuitively, people start looking for a universal currency. The most common currencies today are USD and EUR, but that's not common enough. Many of them turn into cryptocurrencies, such as BTC or ETH.
If a user buys something in a store that does not accept cryptocurrency, you need to exchange it for a different one, which today means waiting for a transfer from the stock exchange, which could take more than 24 hours.
There is a shortage of well-made bridges between FIAT currencies, such as USD, EUR, or CHF. and cryptocurrencies, such as BTC, ETH, LTC or ZEC.
eBit Payment LLC, offers exchanges including crypto exchange, without unnecessary third parties. The eBit payment will also offer the token itself, we are gradually planning to extend the use of our tokens - via eBit Coins.

The Problem
In times of globalisation and travel, paying is more and more problematic. It is mainly because of exist of many different currencies. Every single day millions of people travel, exchange currencies and pay the spread (difference between buy and sell price that allows parties like banks and exchanges to make money ). E.g a transaction can have as high spread, as 12% of total transaction value and it can go through a number of intermediaries, where you are obligated pay a fee every step of the way. Even those providers, who are trying to minify the amount of parties, knowing they can earn more due to lower amount of parties, are adding bigger spread on purpose. Moreover, there is no currency for people who are travelling a lot — they need to bounce back and forth between currencies, exchanging them on frequent manner. One, universal and global currency, that could be paid in the same way in France, Canada, China or Great Britain, simply does not exist.

The Solution
eBit Payment LLC, offering exchange including crypto exchange, without unnecessary third parties. eBit payment will also offer it’s own token, we gradually plan to extend usage of our tokens — through eBit Coins. Generally, targeted effect is having just one party in the middle — eBit payment, that means exchanging currency with smallest possible spread — 0.99% at max, which is in some scenarios dozen times less than with other solutions.
Internally each user’s account will be presented in ebit crypto currency and all transactions will be sent in any userspecified currency, including some supported crypto currencies. To achieve this, whenever user needs to pay using certain supported FIAT currency, transaction goes from his account using ebitcoins, which will be automatically exchanged in our internal exchange in real time, then directly sent to transaction destination. Everything will be done automatically, and transparently for users, just like paying with any other payment card. The whole process is instant. The order of operations:

eBit Payment overview
Technological development in the finance field is currently one of the hot topics, and no wonder — as it creates practically almost infinite possibilities. We created innovative solutions, that can guarantee users comfort of usage. eBit Payment will open the possibility to make quick and affordable international bank transfers and quick purchases with payment cards, that can be managed with use of Android or IOS phone. That is the scale of services, that couldn’t be found even in the traditional banking. From now on, thanks to the ICO capital, this capabilities will be available also for average users.
eBit Payment is a project, that includes following solutions:
Multi-currency wallet
Real time exchange with access to currency rates
Multi-currency payment card
Online payments
Business app
Coworking space
Another thing that we want to implement, is balance protection mechanism. When the market fluctuates, we do not want users to be exposed to that risk, so we will normalize user’s balance, according to this scheme:

While eBit Payment invests raised funds, you make profits. We want the best for our users, thus we prepared detailed information on how we are planning to spend raised money:
Development — 30% 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.
Additional work force — 10% 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.
Marketing — 10% 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.
Market and network fluency — 35% 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.
Licensing, integration and partnership: 15% 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 cover 21 days. It will begin on November 24, 2017 at 00:00 AM. Delaware time, and will last until October 15, 2017 or until it reaches the target amount — $ 21,600,000.00. The number and time of token sale 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.

Why us?
eBit Payment team at the time of you reading this document, is already dealing with exchange of currencies online. Our IT technicians worked for Liberty GLOBAL and Bank of Austria in the past. They have also experience acquired during cooperation with cryptocurrency mine BIT.NXT INTERNATIONAL LLC. eBit Payment system was created to make the transaction between cryptocurrency market and a bank cheaper than 0.99% for our users.
Our experience with financial markets and multiple debates with persons leading the cryptocurrency related companies led us into believe, that there is a need to create one integrated system, that would significantly ease all the processes associated with payments. One system, one application, numerous possibilities, FIAT currencies, cryptocurrencies, all of them in one place. Our project, eBit Payment is approved by multiple qualified professionals all across the globe. The team of eBit Payment consists of crypto enthusiasts, who on daily basis use cryptocurrencies, all of them are IT professionals with good knowledge of financial market.
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