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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.
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