BABB is the decentralized microeconomic bank, offering individuals and companies a UK bank account based on blockchain technology. The account is managed through a smartphone app and provides access to a remote payment card. In addition, partnerships with central banks enable the integration and issuance of other digital currencies around the world, further stimulating local microeconomics and expanding the reach of the BABB solution and its underlying BAX token.
UK Regulated global bank account based on Blockchain.
BABB will offer a bank account on the BABB platform that complies with UK regulations and is immediately available to any authorized person or company in the world without the need for a UK address or credit history.
To open a UK bank account with BABB, all you need is a valid ID such as a passport or identity card. Basic account services can also be accessed by individuals without identity documentation by using only biometric authentication and peer verification from a fully identified person.
We use blockchain technology to enable Fiat currency movement around the world instantly, cost-effectively and securely. Through tokenization, BABB can host any Fiat currency on its platform, as well as our own native cryptocurrency, BAX.
We rely on technology and innovation to provide a bank account that is many times cheaper, more user-friendly, more secure, and above all, accessible to all
From December 2017 and until January 2018, the BABB will carry out a symbolic sale. BABB will distribute 1 billion tokens, of which 60% will be sold and the remainder will be shared between the BABB team, consultants, contributors and the Bounty Fund.
What are the advantages of BABB?
BABB has many unique features that are explained below:
Open Source: Basically, BABB is an open source platform that allows other companies or developers to develop their own applications or integrate their existing applications into the BABB banking platform. So, it's completely different from other money service companies like PayPal, Skrill, Payza etc. that are proprietary and not open source.
Low-cost bank transfer: Although BABB is not a free money-service business (MSB), it does not charge any fee for each transaction. Therefore, it is much cheaper than other methods of international money transfer.
Flexible currency conversion: If you've ever tried to swap different currencies in a bank, it's a hectic job because you'll need to have all the documents for your trip with you. Then they will only make the money exchange. Otherwise, if you go to a private foreign exchange business, they only offer low rates compared to the current price. You also need to provide a lump sum or percentage of the amount as a service fee. In BABB, currency conversion is made very easy. Let's say you need $ 100, but you only have 100 euros. Once you've entered the relevant information about the app, you'll see all the members in your area who can provide you with USD. That's it. Now you can simply exchange your Euros for USD.
Global Connectivity: Not just Fiat currencies, you can also send any type of cryptocurrency to anywhere in the world. Since the platform is independent of location, you can access the same account even if you move to another country. This helps to achieve global connectivity for the BABB app.
Local Digital Currencies: The BABB platform paves the way for central banks to implement local digital currencies based on blockchain technology. This concept will help people gain access to multiple international payments and gateways.
To access the various features of this platform, the company introduces a special type of token called BAX tokens. These tokens are based on the Ethereum Standard ERC 20 and can be purchased by participating in the Company's token sale event. BAX tokens are used as the primary option for paying service fees or other costs associated with the BABB platform. Any Ethereum-based wallet can be used to purchase the BAX tokens.
BENEFITS FOR BABB USERS
BABB will strengthen micro-economics, improve lives and livelihoods, and create new opportunities for individuals and businesses around the world.
Developers / Companies => Businesses and developers can build applications that integrate seamlessly with the BABB platform. From freelancers working in show economies to global companies, unlimited unlimited TBB payment systems can reduce business costs.
End User => Everyone in the world can open a bank account in the UK. All you have to do is download the BABB app, get a selfie, and read the passphrase to print your vote. With this account, you can get nearly unlimited banking options at a low cost.
Central Bank => The central bank can use BABB technology to start applying the local digital currency to microeconomics in regulated ecosystems. This will allow citizens to access international transfers and payment transfers.
TOKEN BABB
Token BAX is the original currency of the BABB platform. Token sellers can buy and retain that currency and benefit from a tremendous platform value.
To find out more about BABB token sales, you can sign up to participate in our pre-ICO party on October 5, or sign up for our telegram channel (https://t.me/babb_official) and discord server ( https: // discordapp. lade / pk7Ss6Z).
TOKEN DISTRIBUTION
The roadmap of the BABB can be set up at https://getbabb.com/roadmap
For more information, see:
Website: https://getbabb.com/
Blog: https://medium.com/@BABB
Ann Tread: https://bitcointalk.org/index.php?topic=2349340.0
Facebook: https://www.facebook.com/getbabb/
Twitter: https://twitter.com/getbabb
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