Worldcore is an online money transfer service that has recently become involved with cryptocurrency and blockchain technology. Find out everything you need to know about Worldcore today in our review.
What Is Worldcore?
Worldcore, found online at Worldcore.com, is an online money transfer service. In recent months, Worldcore has announced plans to create an online, blockchain-powered peer-to-peer lending platform.
As part of their wider cryptocurrency goals, Worldcore announced its initial coin offering (ICO). The Worldcore ICO is scheduled for October 14, 2017.
Worldcore made headlines in 2016 for being awarded the “Best Fintech Newcomer” title by Business News Europe. That same year, Worldcore partnered with BitPay. Today, Worldcore now offers cryptocurrency-based withdrawals to customers around the world.
Ultimately, Worldcore is a traditional FinTech business that seeks to enter the cryptocurrency and blockchain world. To do that, Worldcore has scheduled an ICO.
Worldcore is an existing money transfer business that offers debit cards and other payment solutions. The company now offers cryptocurrency-based money transfers.
With their new cryptocurrency projects, Worldcore aims to undercut banks and money transfer competitors.
Today, Worldcore continues to offer payments and consumer spending options – including a prepaid debit card. They also currently accept bitcoin as a funding option.
Worldcore is also known for its verification systems. Instead of passwords, Worldcore account holders can access their accounts using face and voice recognition. The company’s blockchain solution, meanwhile, aims to offer a payment gateway similar to Ripple.
In the long-term, Worldcore’s cryptocurrency products will include a regulated blockchain-powered P2P lending platform, a blockchain-based cash transfer platform that allows for fast conversion of cryptocurrencies into cash, and the ability to transfer cryptocurrencies into a Swiss bank.
Across the Worldcore platform, the company offers all of the following features:
Employee wages, affiliate payouts, and payments to partners or subcontractors can all be facilitated through the Worldcore platform. The platform provides mass payments to any payment cards or bank accounts.
You create an invoice, then send it by email or SMS and get payment completed through all available options, including cryptocurrency.
Worldcore’s API has clear documentation for easy integration, giving users full control over the account and automation of all processes.
Worldcore has a facial recognition system called FaceKey that allows you to unlock your account simply by looking into your camera.
Similar to FaceKey, VoiceKey lets you unlock your account using a password. You say the code phrase and enter your Worldcore account.
Worldcore’s payment account promises to offer all of the same features of traditional current bank accounts, including client onboarding, and advanced security and functionality.
Worldcore customers can open a bank account with multiple currencies, allowing them to accept bank transfers without needing to open a bank account. This multi-currency account can be fully operated remotely and offers 0% commissions for bank transfer funding. It’s designed to be an alternative to traditional current bank accounts, and comes with no transaction limits, no monthly maintenance fees, no setup fees, and an entirely online application process with same-day approval.
The Worldcore Token Sale
The Worldcore ICO is scheduled to begin on October 14, 2017.
The total supply of WRC tokens will be one billion. Each token will be set at a price of $0.10 USD. WRC tokens are backed by a smart contract guaranteeing you a portion of annual revenue.
It’s important to note that Worldcore is an existing payment transfer business. The company, unlike other companies with ongoing ICOs, isn’t building its business from scratch. In 2017, Worldcore’s annual transaction volume has already exceeded €100 million and is expected to surpass €150 million before the end of the year.
Worldcore is also holding a pre-sale on October 2 for major investors. During this portion of the sale, investors will be subject to a minimum purchase of 500,000 tokens. The main ICO mentioned above, meanwhile, has a minimum purchase level of just $10.
Worldcore has set a goal of $100 million for its token sale. Funds raised during the ICO will be used to develop and promote the platform’s blockchain project.
You can contribute to the Worldcore ICO using EUR, USD, and cryptocurrencies.
As a token holder, you’ll receive a cut of Worldcore’s profits. 30% of company profit is distributed to token holders. Each holder receives profit share in proportion to the number of tokens purchased. Payments are made to an Ethereum wallet.
Meanwhile, if you purchase more than $50,000 USD in Worldcore tokens, you’ll have access to Worldcore’s real-time statistics. All token holders can access yearly reports.
Who’s Behind Worldcore?
Worldcore is led by Founder and CEO Alex Nasonov, CTO Igor Prokhorenko, and Chief Marketing Officer Sean Patterson.
Worldcore consists of a team of 40+ employees. The company is based in Prague, Czech Republic.
Worldcore is a money transfer service that has provided banking services since 2014. Worldcore recently announced plans to launch cryptocurrency services while developing its own blockchain technology. As part of the company’s plan, they’ve announced an ICO in October 2017. Token holders gain a cut of Worldcore’s profit (30% of profits will be distributed to token holders).
You can learn more about Worldcore and the company’s upcoming ICO by visiting them online today at Worldcore.com.