Get slides here: https://docs.google.com/presentation/d/1ryZ86-2LN9iyvb8N8a2Z_RugNFqowmk7BCuEvcPeLl8/pub#slide=id.g16b2164792_0_0
ISBIT is blockchain digital asset market.
Digital Assets are cryptographic tokens used as unit of account in blockchain based distributed ledgers such as bitcoin or ethereum.
We enable participants to trade digital assets and fiat currency in a fast, secure and efficient way.
Our platform solves many challenges related to international payments.
The problem with international payments is that they are painfully slow and expensive.
Usually an international payment takes several days and the cost is a significant fraction of the amount sent or received.
The root cause of this inefficiency is that there are far too many middle man between origin and destination.
Our solution: We use the BLOCKCHAIN to shorten the path to SEND AND RECEIVE VALUE to and from anywhere in the GLOBE.
We offer Instant Settlement in Local Currency, and Up to 85% Cost Reduction.
THIS IS HOW WE SOLVE THE PROBLEM: WE PROVIDE A MORE DIRECT PATH
Our process is as follows
Step 1: Deposit local fiat currency at market of Origin Country
Step 2: Use fiat currency of country of origin to buy Digital Assets
Step 3: Use the blockchain as mechanism to transfer Digital Assets from address at market of country of origin to address at market of country of destination. Using the blockchain instead of a clearing house is the key to reduce cost and time.
Step 4: Sell Digital Assets for local fiat currency at Market of Country of Destination.
Step 5: Withdraw local fiat currency using local banking network at country of destination
The Market Size of International payments with Mexico as origin or Destination is Enormous.
The amount of payments related to Mexico Exports and Imports is above 775 Billion US Dollars per year.
In Addition … More than 24 billion USD are sent to Mexico every year as remittances.
Our Business Model Works as follows.
We securely custody our members assets and gain Interest over reserves
We charge members a small fee for each:
Digital Asset deposit or reception
Fiat Currency deposit or reception
Exchange to and from Fiat Currency and Digital Asset
Digital Asset withdrawal or transfer
5. Fiat Currency withdrawal or transfer
ISBIT will become a necessary endpoint in every cross border payment destined for Mexico or originating in Mexico.
We designed and built from the ground up a unique blockchain exchange capable of delivering its services through its powerful API, ATMS, Web App and mobile apps.
Our infrastructure is designed to scale horizontally.
We support Two Factor Authentication and Multisig wallets.
We provide our customers reporting so they can deduct the cost of their operations.
We offer several mechanisms for two factor authentication besides softtoken, such as SMS.
We offer more payment options than any of our competitors.
We will scale our business enabling support for more currencies and digital assets, creating franchises and promoting our API with strategic players
Initially we are targeting Money Transmitters and big Exporters and Importers to help them increase efficiency .
We expect to reach four thousand nine hundred active members by month thirteen time at which we expect to reach profitability.