BABB — Bank For Blockchain Account

Januari 27, 2018

BABB is the decentralised bank for the microeconomy, providing individuals and businesses with a UK bank account, powered by blockchain technology. The account is managed via a smartphone app and provides access to a decentralised payment card. In addition, partnerships with central banks allow for the integration and issuance of other digital currencies around the world, further stimulating local micro-economies 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, compliant with UK regulations, available to any eligible person or business in the world, instantly, 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 document such as a Passport or National ID card. Access to basic account services will also be available to those without identity documentation by merely using biometric authentication and peer-verification from someone fully identified.

We leverage blockchain technology to facilitate the movement of fiat currencies anywhere in the world instantly, cheaply 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 which is orders of magnitude cheaper, easy to use, secure and most importantly — accessible to all

The BABB platform works on the basis of blocking, biometrics and machine learning. Regardless of location and revenue, any customer will be able to open an account.

The company’s goal is to revolutionize the microeconomics and unite people and business with a new financial system.

Platform Advantages:

SEPA & UK and faster payments

2. Mobile application. With a mobile application, customers will be able to open accounts

3. Black card. A secure payment card that works with QR code or NFC. The card has the functions of a debit card. With the help of BlackCard, customers will be able to spend their money in stores, online stores, and also perform single-card operations. The card is secure and will not store personal information.

BABB will allow customers to withdraw and deposit cash from their account, interact with other users or agents, and exchange and withdraw currency.

Using the BABB application, customers can:

open accounts
send money to other BABB users, for a very short time and for a very low commission, almost free of charge
change currency directly without intermediaries

BABB will also provide tools for international and local fundraising, using three types of mechanisms: private — acting by invitation; personal-transmitted to friends and relatives; and Public — for assistance and personal projects.

Pre-Sale company BABB starts on January 15. The company’s maximum goal is to raise $ 20,000,000. The collected funds will be used to develop the platform and will be distributed as follows:

30% for the development of the platform
20% on promotion
10% in the reserve
20% for operational issues
10% for legal issues
10% working capital

Token Sale

BAX is an Utility token that powers the BABB platform. All services, fees and licensing costs on the BABB Platform are paid with BAX, and our Mobile app makes it easy to acquire BAX at any time without taking additional steps or affecting the user experience.
It can also be used for other purposes, such as onboarding and offboarding funds to 3rd party exchanges, fundraisings and cross-currency conversion with improved liquidity.

The idea is just great, it opens new horizons for virtually every person to invest from any point of the globe, make the transfers, be sure that all data are safe.

Curious about BABB? Watch here: