Home Blockchain BABB, crypto platform to launch Feb 12,

BABB, crypto platform to launch Feb 12,

The BABB platform (Bank Account Based Blockchain) having shutdown external communication and entered “dark mode” at the end of 2019 is set to launch its working beta app on February 12th, 2020.

BABB is regarded as the World Bank for the microeconomy. The decentralized banking platform leverages blockchain, AI, and biometrics technologies to offer anyone in the world access to a UK bank account for peer-to-peer financial services

Reportedly, the crypto banking app for managing tokens and fundraising entered dark mode to focus deeply on getting the platform ready for beta tests and live usage. The app enables users to manage their assets, raise funds and donate for personal and public causes all over the world.

Leveraging on technology, the app further aims at ensuring these donation gets directly to the cause that users want to support with less lost to hidden operational and FX/banking fees. The app bypasses legacy infrastructure and 3rd parties reducing bottlenecks and costs.

The BABB Platform bypasses legacy infrastructure and 3rd parties, significantly reducing friction and the cost of sending assets between traditional banking networks; domestically or overseas, the BAAB team said in a statement.

Scrutinizing the BABB platform set to launch

Prior to BAAB’s platform launch in February, potential BABB users have begun asking questions seeking clarification as regards the app launch. An anonymous Reddit user about a month ago asked why BABB is registered as multiple different companies.

Another potential user asked that the app was around the corner December 2018. Then Q1 of 2019. And later May 2019. Then August-September 2019. Then Q4 2019. Why should they believe this time they’re serious? And it’s not the app that was promised. It’s now a fundraising app. Does it really take a whole team 2+ years to develop an app? Where’s the banking license?

However in response to the question another user answered saying Delays happens and it’s that’s normal. The anonymous user explained that to achieve what they are striving for is difficult, as they are bound to run into some problems. The user further mentioned that at the start, People thought ripple was a scam too, to each their own.

Twitter reacts to BABB launch

The mood towards BAAB launch on Twitter is friendlier unlike other media as people seem to be anticipating the launch of the BABB platform.

User Crypto K says while anticipating the launch thanks team BAAB for the hard work put towards ensuring the launch is possible.

Crypto categorizes the app as one that will help millions achieve financial inclusion.

User DT said BABB will expose all scams in the traditional financial and banking system.


Please enter your comment!
Please enter your name here

Must Read

Bitgo Plans to Launch Wrapped Bitcoin on the Tron Blockchain

Members of the crypto ecosystem will soon be able to leverage WBTC via the Tron (TRX) network. Just like the tokenized BTC created using Ethereum’s ERC20...

Ethereum’s Long Term Chart Is Extremely Simple To Read

The weekly Ethereum chart, as opposed to the daily chart, is simple and concise. There are 2 simple...

US Department of Transportation Says Blockchain Has Many Applications For Unmanned Aircraft Systems (Drones)

Blockchain technology could assist with adjusting and improving current technical challenges in the expanding business of commercial drone delivery, said the US...

Security tokens, blockchain settlement draw interest from institutions: MIT Bitcoin Expo panel

Amid growing competition between providers, institutions in the traditional finance space are looking at blockchain as another way to offer value to...

Networking 2.0 at Blockchain Life 2020

Make hundreds of connections at Blockchain Life 2020 The 5th Blockchain Life 2020 returns to Moscow on April 22-23 at the unique media...