What Is Babb (BAX)?

BABB is a financial blockchain platform (bank) headquartered in London (United Kingdom) that intends to make financial services more accessible to everyone.

Babb aims to achieve its goals using blockchain technology, biometrics, and artificial intelligence. Babb has developed the following solutions to the existing problems:

1. Global FinancialInstitutions BasedOn Blockchain:Babb provides UK regulatory compliant bank accounts on the Babb platform. The accounts are readily available to eligible individuals or businesses worldwide without the need for a UK address or credit history. Babb uses blockchain technology to facilitate the instant transfer of traditional currencies anywhere. Babb can host any traditional currencies and native cryptocurrency BAX on that platform. The platform relies on technology and innovation to provide bank accounts. 

2. European and UK faster payments:Users can transition between traditional financial services and blockchain-based bank accounts with a UK Babb account.

3. Mobile Application:With the Babb mobile application, anyone can quickly create a bank account without the need for an ID document to open a simple wallet. Babb supports traditional financial functions such as wire transfers, payments, deposits and withdrawals, and other peer-to-peer transactions using smart contracts. Additionally, users can earn income from their own money and commissions by providing peer-to-peer services such as currency exchange and lending.

4. Black Card: The BABB Black Card is a safe payment card that connects users to their BABB bank account through QR code or NFC. Users can spend money in stores or directly within a user’s Babb bank account with the Babb Black Card. Payment is made instantly to the user’s bank account, and the money is ready to use.

BAX is the ERC-20 token of the Babb platform. BAX tokens are used under the hood to carry out all the services in all areas and jurisdictions provided by the platform.

History of Babb

Babb was started in 2016 . The total supply of BAX tokens is 50,000,000,000 tokens. The whitepaper was published on March 24, 2021.