BABB is a UK-based financial technology company that has developed a blockchain-based mobile banking platform. BABB stands for Bank Account Based Blockchain and aims to provide banking services for the unbanked population around the world.
BABB cryptocurrency, also known as BAX, is the native utility token of the BABB platform. It is used to access various services within the platform, including payments, transactions, and access to banking services. BAX tokens can be earned through participating in the BABB ecosystem, or they can be purchased on cryptocurrency exchanges.
With the BABB platform, users can create a digital bank account using just their smartphone. It allows for peer-to-peer transactions, global money transfers, and access to financial services without the need for traditional banks. BABB aims to bring affordable and accessible banking services to the underserved populations, including the estimated 1.7 billion unbanked people worldwide.
BABB utilizes blockchain technology to ensure transparency, security, and decentralization of financial transactions. It aims to leverage the power of the blockchain to lower transaction costs, eliminate intermediaries, and provide financial services to the global population.
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