BABB: Banking made easy!
Website: https://getbabb.com/
The current banking system has made the microeconomy lethargic. This makes the economy is suffering due to the incumbent banking system. With the development of technology, opportunities have increased manifold. Hence, it creates an alternative that resolves the problems of the banking system, prevailing since time memorial. The ways employed are new, including systemic risk and data privacy.
The tools which can revolutionize the way market works are distributed ledger technologies, biometrics, and machine learning. The system thus created will be global and decentralized, which will possibly serve and empower individuals and businesses around the world in ways that traditional banks simply cannot. BABB, thus has evolved to operate autonomously, irrespective of the legacy systems. BABB is the new decentralized bank of the future. This will stimulate and galvanize the microeconomy, keeping in consideration the rules and regulations around the globe as well as fair Banking principles.
BABB:
BABB is the decentralized bank for the microeconomy, enabling users and businesses with a UK bank account, developed with blockchain technology. This account is managed through a smartphone app and provides access to a decentralized payment card. Also, collaborations with central banks help with the integration and issuance of other digital currencies round the globe. Also, this stimulates local micro-economies and expanding the reach of the BABB solution and its underlying BAX token.
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. Regardless of background, location or income, BABB will offer a UK bank account to anyone in the world, helping increase financial inclusion and social integration, while also empowering local economies to generate wealth for themselves. They will connect people and businesses to a frictionless new global financial system which revolutionizes the existing micro-economic ecosystem through advanced technological, social, economic and regulatory capabilities. By combining social connectivity with accessible banking social banking, they are building a global banking network fostering international collaboration and inter-community engagement.
Black Card:
The BABB Black Card is a special feature provided by BABB. It is a payment card that links directly with the customer’s BABB bank account via a QR code or NFC. It allows both a debit-like functionality, or it can be issued as a pre-paid card for your friends and family. This approach allowed us to design a simple yet elegant card with no need for a chip and pin. The BABB Black Card enables the users to spend their funds within the BABB bank account in shops and in-person (peer-to-peer). Retailers can accept payment using the BABB card by simply downloading the BABB app and scanning the QR code or via NFC. Payment is made instantly into the retailer's bank account and the funds can be used immediately.
BABB allows businesses and individuals to control their money anywhere, as long as they have an internet connection. BABB supports traditional banking functions such as transfers, payments, cash in/out, as well as other peer-to-peer transactions using smart contracts. These novel features to ensure a bright future for BABB.
To know more about the project and token sale visit:
Website: https://getbabb.com/
Whitepaper: https://getbabb.com/babb-whitepaper.pdf
By : karanj