Released on: May 27, 2008, 8:36 pm

Press Release Author: Sara Waller

Industry: Financial

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

Press Release Body: (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.

FOR INQUIRIES, PLEASE CONTACT:

Sara Waller
sara@icoins.com


Web Site: http://www.icoins.com

Contact Details: Asterisk Events and Communications
asterisk.hallow@gmail.com
(+63)9192386575