BABB (Bank Account Based on Blockchain) is a peer-to-peer platform connecting crowdsource financial services. The aim of this platform is to provide peer-to-peer banking and financial services to world's microeconomy. Users will be in a position to open a UK (United Kingdom) bank account and operate the same on the blockchain and use smart contracts to carry out transactions. The platform features a mobile app that users can send money with across the world, exchange currencies and request forShow more [+] payments. The platform issues a Black Card to BABB bank holders. The card is decentralized and is linked directly to users' account. Users can spend cryptocurrencies including BAX anywhere in the world.
BABB native token is BAX. It is an Ethereum based utility token that is premined. This token allows central banks to issue their own local digital currencies that gives users access to international money transfers and payment gateways. This token is acceptable to any business or enterprise all over the world. It has a total supply of 50 billion, of which 60% was issued in the token sale that ended on February 21 and raised $20 million. The token is listed on several exchanges including Kucoin, IDEX, DDEX, Bancor Network and ForkDelta.
BABB is composed of a team from various fields, with diverse cultures and experience. They include individuals with a good track record in Information Technology, Fintech and Blockchain. Among these visionaries is Rushd Averroes, the CEO, Gaurav Rana, the CTO, Leonard Seelig, Executive Director and others.