icBankTransfer uses iCoins, a digital currency you can use to spend, send and receive money across the world – without slow, expensive international transfers.

(Gibraltar, May 28, 2008) – Totally free and instant international bank-to-bank transfers are now possible with icBankTransfer, a system which uses a digital currency called iCoins which you can use to spend, send and receive money across the world. With the existence of icBankTransfer, merchants and non-merchants alike from all over the world can now do away with slow and expensive international transfer fees, resulting in great savings on their part.

icBankTransfer is a trading name of Spartan World Ltd – a company established to provide ‘thin wallet’ applications that link existing payment mechanisms to a system run by iCoins (www.iCoins.com) By converting money into iCoins, users can avoid the charges and delays normally involved in international bank transfers. iCoins retain their face value, meaning that if you buy an iCoin for US$1 or Euro 1, it’s always worth US$1 or Euro 1 in real-world money. iCoins can be made for payments of as little as 1 cent. There are no hidden charges whatsoever. Transferring iCoins between iCoins accounts, anywhere in the world, is always free.

icBankTransfer uses a network of international banks to handle transactions in 29 different countries with domestic settlement. Users only need to send and receive money via an icBankTransfer member bank in his own country and transfers will then be fast and free. All transactions are guaranteed, secure and user details are kept confidential.

Among the countries that icBankTransfer support are United Kingdom, Australia, France, Spain, Portugal, Sweden, Switzerland and even Singapore. Some banks might charge a minimal fee for eventually cashing in iCoins. The iCoins management team and its banking partners are continually negotiating with as many banks as possible in order to do away with those charges.

iCoins is the same backbone as used by the much-talked about Facebook application Coinjars (www.facebook.com/applications/Coinjars/6489937223). Coinjars is a place where digital cash can be stored and moved safely. This wallet application is also built on the iCoins platform. All iCoins are secured and underwritten by a licensed eMoney operation called a Treasury. The Treasury for Coinjars and icBankTransfer is located and licensed in the Isle of Man.

Users can access icBankTransfer and the Coinjars app via Facebook. icBankTransfer will also soon be available via a website at www.icBankTransfer.com.

To find out more details, visit www.iCoins.com or the Coinjars Facebook application at www.facebook.com/applications/Coinjars/6489937223

About iCoins

iCoins Limited (www.iCoins.com), based in Gibraltar, are developers and operators of an electronic cash system that can be integrated with existing 3rd party wallet servers. The iCoins system is a digital cash mechanism designed to allow cash transactions between disparate and unrelated Wallet systems in the digital era. iCoins are similar to bank notes. They can be acquired by a consumer on application to a suitable issuer (similar to a bank in the real world).

About Spartan World:

Spartan World Ltd is a company established to provide ‘thin wallet’ applications that link existing payment mechanisms to a system run by iCoins (www.iCoins.com). Spartan World is operated by Payment Systems Ltd, a leading payment provider owned by UK public listed company Waltech plc.

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FOR INQUIRIES, PLEASE CONTACT:

Sara Waller
sara@icoins.com

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