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BABB
BAX is a digital token that provides special opportunities to users of the BABB blockchain platform. The name BABB stands for Bank Account Based Blockchain or Bank account on Blockchain. BABB is a new decentralized platform that provides the population with all the necessary banking services, which uses all the advantages of blockchain technology in the financial sphere. To promote the development and popularization of cryptocurrencies, the BABB project team provides its users with the opportunity to use fiat and digital currencies in one place.
Features
In order to act within the framework of the legislation, the developers of the BABB blockchain Bank fulfilled all the requirements from the UK regulator – FCA. Therefore, BABB is a licensed financial institution. With the BABB platform, users get the following features:
- Ability to register an account in the system;
- Implementation of instant payments in the BABB system without commissions;
- Currency exchange without intermediaries;
When registering an account, the client receives not only an account for cryptocurrencies, but also an IBAN address for making international transfers in fiat money. All processes on the platform are controlled by Ethereum smart contracts. Control of funds and execution of any operations is carried out through a mobile application, but there is also a specially designed Black Card. With this card, users can carry out the same operations as with the cards of VISA and Master Card payment systems.
Prospects
BABB blockchain platform is the connecting bridge between the digital and "analog" world. Banks similar to BABB that operate outside the blockchain are gaining popularity all over the world. The only thing that can restrain the growth of the Bax cryptocurrency is the number of tokens issued.
Where to buy
BAX cryptocurrency became available for trading on the KuCoin exchange in June 2018. But apart from this exchange, tokens of project BABB can be bought on IDEX, EtherDELTA and Bancor. The cost of one token is $0.001962 and 21 billion tokens are in use. The project capitalization is $41 million.
