Bitcasino World Cup Raffle Campaign - Win the VIP World Football Championship Experience
Sponsored
842
views

AABB – How Asia Broadband Creates More Business Opportunities by Linking the Gold and Crypto Markets

Asia Broadband Inc. (OTC: AABB), a resource company in the precious and base metals business, is rolling out one crypto-related service after the other in a bid to connect the gold and crypto markets.

So far, the company has released a gold-backed token (AABBG), a crypto exchange, and a crypto wallet. Currently, it is ready to launch a crypto payment gateway, PayAABB, expanding its ecosystem and bridging the gap between gold and crypto.

In this AABB review, we look closely at Asia Broadband Inc., its products, and plans to become a global standard of exchange.

What is Asia Broadband (AABB)?

Asia Broadband, Inc. is a US-based resource company focusing on the production, supply, and sale of precious and base metals, primarily to Asian markets. The company was founded in 1996 and gradually developed into a powerhouse in the resource industry.

AABB’s mining operations are mainly in Mexico. One of its projects in the Guerrero Gold Belt (GGB) helped it obtain around $82 million. The company then used some of these funds to launch AABBG, its ERC-20 gold-backed token.

Currently, Asia Broadband holds over $100 million in assets, a 500% increase from 2021. The company is trading in consolidation mode and recorded an important financial surge in February. As a result, its year-to-date stock increased by more than 1,500%.

AABB Crypto Products and Solutions

Over the years, AABB has sought to incorporate the latest technological advent into its increasing suite of services and products. In 2021, the company dived into cryptocurrencies by launching a gold-backed token (AABBG). Next, it followed up with a crypto wallet (AABB Wallet) and proprietary crypto exchange, AABB Exchange. Now, it is gearing up to release a crypto payment gateway, PayAABB.

Here’s a short presentation of the AABB’s crypto solutions so far:

The AABBG Token

AABB Gold Token (AABBG) is a hybrid, gold-backed token that combines the benefits of cryptocurrencies with the stability of the gold market.

A gold-backed token is a crypto asset pegged to the spot price of gold. This means that every AABBG token running on the Ethereum blockchain has a valued correspondent in real-world gold. Holding this token gives you ownership over its equivalent in gold without you having to store or handle the actual gold bullion.

Asia Broadband backs 100% of all AABBG tokens with $30 million in physical gold. In 2021, the company sold 485,932 AABBG tokens on average for $5.6 apiece. Furthermore, it sold $1 million worth of tokens within the first two weeks following the launch. Currently, AABBG has a maximum circulating supply of $5.4 million.

AABBG seeks to become a stable asset connecting the volatile crypto market with the more stable gold market. This way, investors could benefit from the surge in price and demand for the precious metal in the market and all the perks surfacing in the crypto market.

The crypto industry hosts several gold-backed tokens. However, Asia Broadband provides a more reliable mine-to-token thanks to its long experience in the metal industry and sustainable mining activity in Mexico.

The AABB Wallet

In March 2021, Asia Broadband simultaneously launched the AABBG token and the AABB Wallet. The latter is a crypto storage feature enabling users to send and receive crypto anonymously. Its primary benefits include 100% invisible transactions to third parties and zero deposit fees.

The AABB Wallet supports over 400 currencies. Most importantly, it does not collect any data, making its use safe and anonymous. Adding to its security are passphrase and PIN code protection features.

The biggest benefit of using the AABB Wallet is the iTransfer feature. This technology lets users send cryptocurrencies safely via email, SMS, and social media messenger channels, such as WhatsApp and Facebook. As a result, transactions do not depend on blockchain technology for validation and completion.

Lastly, the AABB Wallet provides businesses with cashback deals and promotions to help them increase customer retention. For instance, companies using the wallet can create fully-customizable loyalty programs for their customers.

The AABB Exchange

Another important feature of the AABB Wallet is the AABB Exchange, a feature Asia Broadband launched in January 2022.

The AABB Exchange is a cryptocurrency platform for investing in digital assets with a single button push. Notably, it allows users to exchange their AABBG tokens for other cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin.

The platform helps Asia Broadband practice some of the most competitive transaction fees in the industry. For example, it has zero deposit fees, over 60 trading pairs, and support for hundreds of cryptocurrencies.

The exchange also employs KYC and AML procedures to ensure its users are reliable and unlikely to engage in fraudulent activities. Lastly, the AABB Exchange is available on desktop and mobile, making it convenient for all users, regardless of their preferred devices.

The PayAABB Crypto Payment Gateway

One of the most promising AABB features is the imminent release of its crypto payment gateway, PayAABB. This service will enable businesses and customers to send and receive payments in hundreds of digital assets.

PayAABB will support cross-border transactions and instant payments. Users will enjoy all the advantages of the other AABB features, such as sending crypto via social messengers, email, SMS, and QR codes. Also, they will benefit from high-security standards, phone-to-phone transactions, and a user-friendly interface.

This crypto payment gateway has minimal transaction fees since it does not require the approval of third parties and intermediaries. Also, it is compatible with any operating system, reducing the installation costs and preventing businesses from investing in additional software. Lastly, PayAABB features easy integration to help users install and use it quickly and safely.

What Does the Future Hold for Asia Broadband?

Asia Broadband seeks to become a global standard of exchange, providing high-quality, secure, and transparent solutions. In less than a year, its immersion in the crypto market has spurred a gold-backed token, a crypto wallet, and a crypto exchange. The up-and-coming PayAABB adds to this expanding suite of merchant tools bridging the gold and crypto markets.

Bitcoin live price
Btc
Bitcoin
$20.699
price
2.2408%
price change
BUY NOW

The company combines its solid experience in the resource industry with an appetite for innovative technologies. This mix could help AABB gain traction and reach its goal of becoming a world leader in providing cross-market services.

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Trading cryptocurrencies is a highly risky activity that can lead to major losses. You should consult your financial advisor before making any decision. Learn More

Stay up to date with our latest articles

More posts

Ethereum Merge will Decrease Demand for GPUs, New Research Suggests

Morgan Stanley says changing to Proof of Stake might not solve Ethereum's scaling problems.   An equity strategist for Morgan Stanley claims Ethereum beacon-mainnet merge will cause demand for graphics processors to plummet in the coming months. The Ethereum platform has been undergoing a parade of testnets preparing for its merge with Beacon Chain. This merge is a move to facilitate the blockchain's transition from operating a Proof of Work model, to Proof of Stake.  The PoW consensus model understandably…

America’s Libertarian Party Shows Support for “Decentralized Currency”

America’s Libertarian party – the nation’s third-largest political party – made a statement on Sunday that possibly signals support for cryptocurrency. The tweet advocated for the “separation of money and state” as an “imperative” for individual freedom. “A decentralized, immutable currency that scales and is salable over time and space will combat the power of the regime,” it reads. The statement seems to highlight properties for which Bitcoin is often praised. The primary cryptocurrency is known for being the first…

Anonymous Calls Out Do Kwon for Scamming Terra Luna Investors

Anonymous – the infamous global hacking collective – recently posted a video message targeted at Terra ecosystem co-founder Do Kwon. The group promised to work with worldwide governments in exposing the founders’ entire criminal history since entering the industry, Terra’s Meltdown In Sunday’s message, Anonymous began by acknowledging the poor present state of the crypto market, and the broader economy. “We were likely going to experience some pain in the crypto industry because of the macro environment, regardless of what…

Russia’s Central Bank Speeds Up Digital Ruble Rollout

Russia’s apex bank, the central bank of Russia is currently undergoing a test for its proposed digital Ruble with 12 different commercial banks. There are suggestions that Russia could be fast-tracking the development of a virtual currency to evade sanctions. The latest move signals the intention of the major bank to start the pilot phase in 2023, rather than the 2024 initial date.  Evading SWIFT Sanctions The state-controlled news agency CBR reports that the central bank's digital currency (CBDC) may…

Catalonia Could Soon Have Its Own Metaverse, Says Minister

During the European Blockchain Convention in Barcelona yesterday, the Innovation minister for Catalonia suggested that Catalonia could soon launch its own metaverse. This is amidst a gradual digital revolution going on in the autonomous community.  At the event, the Catalonian director-general of innovation Daniel Macro disclosed some strategies the government is exploring to ensure Catalonia becomes a digital powerhouse. He mentioned that one of the benefits of the COVID19 pandemic over the past two years was digitalizing the economy. The…

The Odyssey Metaverse – An Empowering Digital Playground from Miami-Based Musician Lyfe

The Odyssey Metaverse is a new project developed by Antonio Trincao, a.k.a. Lyfe, a Miami-based musician with solid experience in entrepreneurship and technology. The project aims to empower people to make their dreams come true. Moreover, it promises a new and unique Metaverse experience redefining crypto and NFTs. Read on to discover more about The Odyssey, its creator, Lyfe, and his vision behind the project! What is The Odyssey? The virtual world is in full swing, spurring new and interesting…

WMA: Bitcoin Climbs Back Above $21k, Altcoins Recover, Market Cap Nears $1 Trillion Again

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $957 billion. Bitcoin has increased by nearly 9% this week. Ethereum gained almost 16% over the past seven days. XRP surged by nearly 17% this past week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector added over $2 billion to the total value protocols (TVL), now standing…

YouTube Scam Investigator Casts Suspicion on TRON’s USDD

Popular cryptocurrency enthusiast and YouTube investigator, Coffeezilla recently expressed doubts about the new stablecoin's legitimacy.  Stephen Findseisen, a.k.a. Coffeezilla, has called into question some of the working principles backing the newly-instituted stablecoin, USDD. Findseisen, with more than 1.1 million subscribers, describes himself as a “crypto scam investigator.” Also, he has increasingly received media attention in the past months. USDD vs. UST According to Findseisen, Justin Sun’s dealings and parallels with the almost defunct UST could be “suspicious.” Findseisen noted that…

JP Morgan Says BTC Selloff Might Worsen if Miners Continue Offloading

The increasing pressure for Bitcoin (BTC) miners to sell their holdings could further exacerbate the bear market. American multinational investment bank JPMorgan Chase strategists said in a note on June 24. Led by Nikolaos Panigirtzoglou, the strategists believe miners are selling their BTC holdings to cover operations costs. According to the strategists: Offloading of Bitcoins by miners, in order to meet ongoing costs or to deliver, could continue into Q3 if their profitability fails to improve. Panigirtzoglou and his team…

Coinrule Review – A Platform Simplifying Crypto Trading Bots

In its basic form, trading includes buying assets at a low price and then selling them at a higher price. However, trade has changed over the years. Derivatives are only one illustration of how the notion of trading has evolved recently. Cryptocurrencies have shaken the traditional financial markets, proposing a new way to create wealth for investors. Automated trading is an increasingly popular field, and crypto enthusiasts are discovering its potential. Today we will review Coinrule, one of the most…