Worldcore – The new Cryptobank?

What is Worldcore?

Worldcore (WRC) is a payment processing company which utilises traditional and Blockchain based models to process payment and is currently introducing its own token currency WRC.

How it works

With a Worldcore account, you can many things. You are given a Prepaid/Debit card which can be topped up with fiat and cryptocurrencies.

Presently, to use cryptocurrencies for payments, the vendor must have a cryptocurrency wallet and should be willing to accept payments in crypto.

Once you have a Worldcore account or card, simply load it with any cryptocurrency or fiat currency of our choice. Then you are free to send and receive money worldwide, convert your crypto assets to get fiat currency, perform a mass payment or even recharge your mobile in more than 170 countries. You can receive payments using the same account. In fact, the company provides an API to integrate with most CMS platforms so that the users can check out using their Worldcore services.

While they are already partnered with Visa, MasterCard and UnionPay, they are also planning to integrate other major providers like American Express.

How does the blockchain come into it? Worldcore is actually planning to offer all these services using the Ethereum blockchain network where payments are processed using smart contracts.

The Worldcore ICO

WRC is the native token which runs on the ecosystem and Worldcore is selling these tokens with an ICO. The pre-sale launch starts from October 2nd, 2017 and the public crowdsale (ICO) launches October 14th, 2017.
The ICO token price 0.1$ per token. There are bonuses, as usual, 10% for the pre-sale customers and 5% for the day 1 ICO customers.

The token distribution keeps 3% for counties and 10% for the Worldcore team which makes 87% of the tokens available during pre-sale and ICO. As the ICO has a hard-cap of 1,000,000,000 tokens, a total of 870,000,000 tokens will be available for the public. The tokens which are not sold during the ICO and pre-sale will be destroyed.

The initial target of the ICO is $5 million while the hard-cap is $100M.

Our verdict

Things we liked:

Payment comfort: We always wanted to use our cryptocurrencies in real-life. What good is your coin if you can’t pay on Amazon, eBay or your local grocery store with it? With the Worldcore debit card, you can do these.

Distribution model: Only 10% of the coins are held by the Worldcore team. This is such a relief from the ICOs where teams withhold over 40% of the tokens. With that low holding, they will not be capable of price manipulations of sabotaging the market.

Profit sharing: 30% of the profits made by the Worldcore team will be shared with the WRC token holders. Now, remember, Worldcore is already running profitably. Therefore your coins are bound to bring home dividends. At every financial year-end, March 31st, expect your dividends to come knocking.

Financial Record Inspection: Once you invest over $50,000, you get access to the real-time financial report of Worldcore. This will surely enhance the transparency of their operations, enabling you to see if everything is going well. You can make your entries and exits easily if you want to trade the coins.

Strong security: They use fingerprint recognition, face recognition and voice recognition as passwords which are yet to become standards. We like their futuristic approach.

Fully Functional Mobile App: The mobile app is decent enough and provides almost all the information on the go, compared to the desktop version. The app also facilitates almost every transaction a desktop user would perform.

Some things were less amiable:

Not a Unique Idea: Wirex is already offering a crypto credit card, it can be found here.

Lack of Information: There is no clarity how the money is kept. There is hardly even a flowchart on the website with a 73-page long whitepaper which tells us how it operates exactly.

Lack of Disclosure: Frankly, they did not state what rate they offer for crypto-conversion or when they convert (real-time or otherwise) the coins to a fiat currency.


If you think that Worldcore will succeed go ahead and invest – there are no big red flags! As always, it is ultimately up to you to make the right choice!

Comments

Kir

Worldcore отзывы! Признания подставного директора Worldcore Алексея Насонова – https://youtu.be/Ju-U2EmoN-A

Drop of Worldcore Alexey Nasonov: Worldcore and our ICO is SCAM! Organizer Krymov is arrested! – https://youtu.be/VYmJaaMhnOY

18. June 2018

Keicy

Worldcore is SCAM! Failure of Pavel Krymov’s cryptocurrency scam – https://www.youtube.com/watch?v=IkvGAg1pNvQ

25. May 2018

Evan

Please refrain from posting comments in Russian from now on.
I have removed a few comments.

16. May 2018

Jam

Worldcore – SCAM! – https://scamworldcore.com/
Провал криптовалютой аферы мошенника Павла Крымова – https://youtu.be/buf3Otka33Y

8. May 2018

Jammie

The pseudo-European hype Worldcore had ambitions incomparable with reality – a plan to scrape the project for 100 million dollars. Of course, this is nothing more than an attempt to deprive the depositors of a larger piece. And again we see the dashing and obvious pattern of Pavel Krymov. https://icobench.com/ico/worldcore/milestones

4. May 2018

Kate

WARNING !!! ICO WORLDCORE IS ORGANIZED AND ORCHESTRATED BY WELL KNOWN RUSSIAN CRIMINAL PAVEL KRYMOV.

That guy is a mastermind of following scams:

Five Winds (NEW)

Lianora Swiss (NEW)

Worldcore (NEW)

Prime Broker

Solvena

Forex Trend

Panteon Finance

ShareInStock

Private FX

https://steemit.com/worldcore/@ico-worldcore/pavel-krymov-s-ico-worldcore-is-scam

This bastard is responsible for many suicides as well. Please watch this video. https://www.youtube.com/watch?v=omD798CeSWc

22. December 2017

Max

Pavel Krymov’s ICO Worldcore is swindling.WRC Token not worth a straw and its price is doubtful in the future. Investors should avoid the trap called ICO Worldcore and not be led on empty promises and beautiful figures on the web-site. Worldcore is a scam that takes place beneath our eyes.

ICO Worldcore promoted by network fraudster Pavel Krymov is finished. The organization comes with seemingly impressive results directly within ICO: relying on the official web-site, it is allegedly collected already $ 25 million of crypto-currencies. But this scam token is already in deep shit. Watch out guys, worldcore is organized and orchestrated by well known Russian and Ukrainian criminals.

22. December 2017

Kris

Why Trust video In article about Worldcore?

21. October 2017

Evan

I confused Utrust with Worldcore because Im currently writing the Utrust review. I removed it :)

21. October 2017

Kris

Pretty fast correction. Nice :)

22. October 2017