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How Bitcredit works

Example: From Cotton Fields to the Fashion Store

A T-shirt travels the world before it reaches the buyer. This used to need banks at every step. Now businesses can do it all by themselves. All they need is a new app for electronic bills of exchange –' ebills' – connected to a global network of 'mints'.

Fashion Store

“Berlin Fashions” prints and sells customer-specific T-shirts online.

They import blank T-shirts from Turkey, and issue a 3-month ebill, which will be paid via their German Bitcredit mint.

They will pay the bill after selling T-shirts and need less capital.

Benefits for the store

  • Enhanced credit worthiness
  • Cheap funding for growth
  • Practical & organised finances

T-Shirts Producer

"Bursa Textile Mills" weaves and cuts premium T-Shirts from Indian yarn.

They take in the German ebill. As it is payable via a Bitcredit mint, their own mint will issue e-cash.

Bursa can now pay their own ebills and the wages of their factory workers.

Benefits for the textile mill

  • Eliminate financing gaps
  • Unbureaucratic trade credit
  • Save on expensive capital

Cotton Grower

"Rajastan Farming" grows cotton and produces high-quality yarn.

They accepted Bursa as a new B2B customer because they offered to pay with a Bitcredit ebill.

Their Indian mint issued ecash for it so they could pay their farmhands.

Benefits for the farmer

  • Broaden customer base
  • High reliability of payment
  • Immediate liquidity options

Direct business credit with ebills

Inexpensive capital  |  World-wide legal protection  |  Digital & convenient

How to pay with an electronic bill of exchange (ebill)?

  1. 1Step 1: The buyer issues an ebill to pay in 3 months
  2. 2Step 2: Any holder can in turn endorse the ebill
  3. 3Step 3: At maturity, the final holder requests payment
  4. 4Step 4: The buyer pays in the requested currency
Bitcredit eBill app showing balances for payee, payer and contingent amounts, plus a list of recent bills

Immediate liquidity with ecash

No payment fees  |  Instant payment  |  Private & secure

How to use electronic cash (ecash)?

  1. 1Step 1: The holder requests an offer from his mint
  2. 2Step 2: Receives ecash immediately upon acceptance
  3. 3Step 3: Uses ecash to pay employees and suppliers
  4. 4Step 4: Ecash receivers can in turn pay others
Bitcredit eCash app previewing a mint offer from Import LTD

Just do it!

Good to know

Bitcredit eBills is an innovative software to issue, endorse, pay, and manage electronic versions of the time-proven bills of exchange (ebill), right from a smartphone or PC, and directly between businesses.

A bill of exchange is a written, unconditional order by one party (the drawer) directing another party (the drawee, respectively the payer) to pay a specified sum of money to a payee (the drawer, or a third party) at a future date. In contrast to other forms of payment, for example a post-dated cheque, the payee receives an immediate title of execution from the court for the payer's entire assets, in case of a payment default.

As this represents a high degree of security, the holder can trade-in the ebill with other business partners ("endorse"), sell it to a third party, or convert it into ecash via a Bitcredit mint before the due date.

Image credit: [Fashion store] by [Blockchain Embassy], licensed under Creative Commons Attribution-ShareAlike 4.0 International licence.

Image credit: [T-shirt producer] by [Thenetparadigm], licensed under Creative Commons Attribution-ShareAlike 4.0 International licence.

Image credit: [Cotton Grower] by [Kimberly Vardeman], licensed under Creative Commons Attribution 2.0 Generic license.