Finally!!!
Finally I found what I was looking for long time. Bank Account Based Blockchain. Not just a crypto debit card, but almost fully functional FIAT and crypto bank.
Company: BABB is the trading name of BABB App Ltd, A UK registered Company (№10225110), and located in London, UK. As well BABB app Ltd is licensed and regulated by HM Revenue and Customs as a Money Services Business (MSB) License Number 12611999.
Aim and Purpose: We saw already many crypto project that promote and develop crypto debit cards. But till now I saw no project that will develop whole bank, sound incredible! Ok, it will be not a bank as we understand it now, it will a be the decentralised bank for the microeconomy, providing individuals and businesses with a UK bank account, powered by blockchain technology. The account is managed via a smartphone app and provides access to a decentralised payment card. So modern bank will look more like that:
Actiually, when you visited your oldschool bank last time? I even can´t remember.
So, what is the aim of BABB project — Regardless of background, location or income, BABB will offer a UK bank account to anyone in the world, helping increase financial inclusion and social integration, while also empowering local economies to generate wealth for themselves.
Blockchain: BABB relies on a blockchain for many of its core services, which makes it a fundamental piece of technology. It serves multiple purposes, not just recording transactions, but also notarizing identity data and serving as a secure channel for sharing data across different participants in the network.
Purpose. Together with an APP, BABB develop a card, that is called Balck Card.
The BABB Black Card is a secure payment card that links directly with your BABB bank account via a QR code or NFC. It allows both a debit-like functionality, or it can be issued as a pre-paid card for your friends and family. This approach allowed us to design a simple yet elegant card with no need for a chip and pin. With the BABB Black Card you will be able to spend your funds within your BABB bank account in shops and in-person (peer-to-peer). Retailers can accept payment using the BABB card by simply downloading the BABB app and scanning the QR code or via NFC. Payment is made instantly into the retailer’s bank account and the funds can be used immediately.
If you will take a look on picture below, you will find out who is purpose of BABB
There are about 2.5 billion unbanked people in the world, most of them are located in Africa, MENA, and India. If you will ask how crypto card will help those people, I will answer you.
How it works: Bank itself for customer consist of mobile App and card, called The Black Card. Mobile App allow you to perform all kind of bank operations, transfer money, receive, keep it on your account, borrow, fundrise and more. In its turn, card allow you to spend any fiat or crypto currency online and in any country using the Black Card, a revolutionary decentralised payment card linked directly with your BABB bank account.
What I want to point out: The BABB Black Card is the first card of its kind, containing no personal information 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. Should you find your card again, simply scan the QR code on the card via your BABB app and it will link to your BABB bank account once again. If the card is lost permanently, new cards will be available very cheaply from certain major online retailers with next day delivery. Alternatively, you can pick up a spare from a friend, or even print a less durable — but equally functional — paper version of the card. Great decision, isn’t it?
ICO: BABB will create 50 billion tokens, they will be called BAX. And will be allocated as follows:
What is interesting 60% of public tokens will be splited in two parts:
- 40% sold in phase one, with a pre-sale and main sale in early 2018
- 20% sold in phase two in 2019 at the earliest, once the app is live and BAX in use on the platform
What is important all unsold tokens will be burned!
Hard cap purpose is set 20 million $. Unfortunately token price in not announced yet, and will be known only 2 days before token sale. As well as bonus program. So stay tuned, and subscribe for updated from BABB team.
BABB website: https://getbabb.com/
Whitepaper: https://getbabb.com/babb-whitepaper.pdf
Telegram 24/7: https://www.t.me/getbabb
Video about BABB: https://www.youtube.com/watch?v=7roMDZaRBLY
Author: https://bitcointalk.org/index.php?action=profile;u=1050687
Timestamp: 21/12/2017 1850UTC
