🧵on $BAX
During the #bankingcrisis people are losing faith in #traditionalbanking system. Users cannot access their funds, stock prices are plummeting, and impending #CBDC. THE WORLD NEEDS ANOTHER VIABLE SOLUTION!
$XRP $BTC $ETH #remittance #CryptoTwitter #cryptocurrency
/18
During the #bankingcrisis people are losing faith in #traditionalbanking system. Users cannot access their funds, stock prices are plummeting, and impending #CBDC. THE WORLD NEEDS ANOTHER VIABLE SOLUTION!
$XRP $BTC $ETH #remittance #CryptoTwitter #cryptocurrency
/18
Bank Accounts Based on Blockchain (#BABB) was created by @Rushdaverroes in 2018. The goal was to leverages #blockchain, biometrics and machine learning to offer revolutionary decentralized banking services for people across the globe building a new global banking network!
/2
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@getbabb intrinsic design has proven to be next generation as they offer a bank account on the #BABB platform, compliant with UK regulations, available to any eligible person or business in the world, instantly, without the need for a UK address or credit history.
/3
/3
To open a UK bank account with #Babb all you need is a valid ID. Access to basic account services will also be available to those without ID by merely using biometric authentication and peer-verification from someone fully identified.
/4
/4
UK BABB account will experience seamless transition between legacy banking and BABB account. BABB Accounts are issued an IBAN for EU and international bank wires, as well as an Account Number and Sort Code for UK national transactions for feeless & instantaneous on/off ramp!
/5
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$BAX mobile money accounts have been released in over 60+ countries! Currently you can download the app on #AppStore / #GooglePlayStore and open a UK based bank account from anywhere in the world!
#SWIFT / #IBAN capability on/off ramping is available
getbabb.com/supported-coun…
/6
#SWIFT / #IBAN capability on/off ramping is available
getbabb.com/supported-coun…
/6
$BAX #DEBITCARD will be available by April 2023!
BABB BlackCard will be able to spend your funds within your BABB bank account in shops and in-person (peer-to-peer) REMOVING THE NEED FOR BANKS! Pymt is made instantly into the retailer's account & funds can be used immediately
/7
BABB BlackCard will be able to spend your funds within your BABB bank account in shops and in-person (peer-to-peer) REMOVING THE NEED FOR BANKS! Pymt is made instantly into the retailer's account & funds can be used immediately
/7
The $BAX Black Card is the FIRST card of its kind, containing no personal info on the card itself, which greatly improves card security. If the card is lost, it can be easily unlinked from your bank account, preventing anyone else from using it.
#BankingCrisis #bankingcollapse
/8
#BankingCrisis #bankingcollapse
/8
The implications:
- 2% of world has access to credit
- 15% access to debit cards
- smart phone penetration
- ATMs are phased out
- unprecedented access to user funds.
- Employers can deposit directly to BABB account for you to spend directly at merchants
You are the bank! $BAX
/9
- 2% of world has access to credit
- 15% access to debit cards
- smart phone penetration
- ATMs are phased out
- unprecedented access to user funds.
- Employers can deposit directly to BABB account for you to spend directly at merchants
You are the bank! $BAX
/9
$BAX Transaction Fees
-Deposits/cash-in – zero
-Purchases via fiat – 5%
-Internal P2P Transfer – zero🚨
-Crypto conversion – 3%
-Currency conversion (crypto/fiat) – 5%
getbabb.com/fees-and-limit…
@getbabb will release their own blockchain at end of 2023 to reduce these fees!
/10
-Deposits/cash-in – zero
-Purchases via fiat – 5%
-Internal P2P Transfer – zero🚨
-Crypto conversion – 3%
-Currency conversion (crypto/fiat) – 5%
getbabb.com/fees-and-limit…
@getbabb will release their own blockchain at end of 2023 to reduce these fees!
/10
$BAX can be used for Payroll!
Companies can easily automate payroll processing, instantly disbursing funds from their BABB account to their employees BABB account across borders or domestically without intermediaries, at ultra-low fees and almost instant speed!
#Bankingcrisis
/11
Companies can easily automate payroll processing, instantly disbursing funds from their BABB account to their employees BABB account across borders or domestically without intermediaries, at ultra-low fees and almost instant speed!
#Bankingcrisis
/11
$BAX Partnerships
- #Mastercard debit card integration🚨
USE DEBIT CARD ANYWHERE MC IS ACCEPTED!
- #SWIFT integration
- #ClearBank insured stables coins backed 1 to 1
- FCA registered (FDIC equivalent in USA)
- #SYGNUM Swiss Bank Partner
- #Medium babb.medium.com
/12
- #Mastercard debit card integration🚨
USE DEBIT CARD ANYWHERE MC IS ACCEPTED!
- #SWIFT integration
- #ClearBank insured stables coins backed 1 to 1
- FCA registered (FDIC equivalent in USA)
- #SYGNUM Swiss Bank Partner
- #Medium babb.medium.com
/12
#StableCoin Integration
All $BAX #BABB stables are backed by #ClearBank insured up to £85k !
$USDx
$GBPx
$RIALxA
$RIALxS
babb.medium.com/babbs-ceo-beco…
What is happening in USA Banks doesn't affect @getbabb
#BankingCrisis #Bankcollapse #USDC #USDT #BUSD
/13
All $BAX #BABB stables are backed by #ClearBank insured up to £85k !
$USDx
$GBPx
$RIALxA
$RIALxS
babb.medium.com/babbs-ceo-beco…
What is happening in USA Banks doesn't affect @getbabb
#BankingCrisis #Bankcollapse #USDC #USDT #BUSD
/13
$BAX Initial Token Sale
- Public 60%
- 40% sold in phase one 2018
- 20% sold in phase two in 2019
- Team 20%
- Platform Reserve 18%
A portion of the issued tokens will be held by Platform in reserve. This Reserve will enable the platform to maintain liquidity
/14
- Public 60%
- 40% sold in phase one 2018
- 20% sold in phase two in 2019
- Team 20%
- Platform Reserve 18%
A portion of the issued tokens will be held by Platform in reserve. This Reserve will enable the platform to maintain liquidity
/14
$BAX Current #cryptocurrency available on BABB:
$BAX
$USDT
$ETH
$BTC
More will be added by the end of 2023!
/15
$BAX
$USDT
$ETH
$BTC
More will be added by the end of 2023!
/15
$BAX UTILITY
#BAX token is the lifeblood of the platform. All services, fees and licensing of the BABB platform use BAX under-the-hood including:
-Send/receive a transaction
-Exchange currency
They expect platform fees will be tiny (equivalent to cents of a dollar)
/16
#BAX token is the lifeblood of the platform. All services, fees and licensing of the BABB platform use BAX under-the-hood including:
-Send/receive a transaction
-Exchange currency
They expect platform fees will be tiny (equivalent to cents of a dollar)
/16
$BAX Reserve Management
BABB Platform has strict and transparent restrictions on how it manages its reserve and the tokens received as part of its revenue generating operations.
- up to 50% Burn Tokens paid to operate platform
- no more than 0.055% can be liquidated per day
/17
BABB Platform has strict and transparent restrictions on how it manages its reserve and the tokens received as part of its revenue generating operations.
- up to 50% Burn Tokens paid to operate platform
- no more than 0.055% can be liquidated per day
/17
Join us in the $BAX revolution to change traditional banking for everyone around the world through:
- accessibility
- scalability
- ease of use
- MOST IMPORTANTLY ability for the team to deliver on their road map
- $BAX can be purchased on #kucoin #Mexc & #CoinTiger
/18
- accessibility
- scalability
- ease of use
- MOST IMPORTANTLY ability for the team to deliver on their road map
- $BAX can be purchased on #kucoin #Mexc & #CoinTiger
/18
Fair and unbiased look from @CotyKuhn about $BAX
https://twitter.com/CotyKuhn/status/1636415652750671879?s=20
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