Last Update
Jan 25, 2018
Developers / Businesses
Businesses and developers can create applications to plug seamlessly into the BABB platform. From freelancers employed in the gig economy to global corporations, BABB’s borderless integrated payment systems can reduce the cost of doing business.
End-users
Anyone around the world will be able to open a UK bank account. All you need to do is download the BABB app, take a selfie and read a passphrase for your voice print. With this account, you can access an almost limitless choice of banking services at low cost.
Central Banks
Central banks can leverage BABB's technology to start implementing local digital currencies for the micro-economy in a regulated ecosystem. This will enable them to offer citizens access to international remittances and payment gateways.
Token Sale Participants
The BAX token is the native currency of the BABB platform. Token sale participants can buy and hold this currency and benefit from the huge value of the platform.
Decentralised banking platform will enable anyone to open a bank account and crowdsource financial services:
A mobile app with global connectivity, The Black Card, Social KYC
January 2016
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January 2018
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Verified 8%
Attention. There is a risk that unverified members are not actually members of the team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Summary
To conclude, Babb is the future of decentralized banking. Not only does it use blockchain technology to ensure that all of the money is stored securely, it helps nonbank account holders find an easy way to get set up with their own bank account. Thus, it could have some good value if it continues to follow its plans set out on its roadmap.
Positives
Decentralized Banking: Using blockchain technology, BABB creates a bank account that’s not limited by physical location.
UK Based: Since Babb has gained the right to act in the UK legally, it has a high chance of expanding to more regions in Europe.
No Competition: There are no other ICOs that have the same vision and product as Babb. This means that they have little to no competition.
Negatives
Confusing Roadmap: On the roadmap, it states that Babb will be releasing a product in 2018, but we haven’t seen one as of yet.
Legality: We wonder if Babb is going to be able to expand to the US. The innovation of this ICO might be banned in other major countries outside the UK.
