BABB is an abbreviation for (Bank Account Based Blockchain), after announcing the closure of external communication and entering the “dark mode” at the end of 2019, finally announced the official launch date of the platform, which it set next February 12.

BABB is an international microeconomic bank, a decentralized banking platform that leverages blockchain and artificial intelligence technologies to allow anyone in the world to access a UK bank account for peer-to-peer financial services.

The token management banking and fundraising app has reportedly gone into a “dark mode” to focus on preparing the platform for beta testing and live use.

BABB allows users to manage their assets, raise funds and donate to personal and public causes around the world.

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Leveraging the technology, the app also aims to ensure that these donations reach directly to the cause that users want to support with very little banking operational costs.

The application bypasses legacy infrastructure and third parties, reducing bottlenecks and costs.

BABB bypasses legacy infrastructure and third parties, significantly reducing the friction and cost of sending assets between traditional banking networks both locally and abroad.

Checking the BABB platform before the official launch date:

Before the launch of the BAAB platform in February, potential BABB users began asking questions seeking clarification regarding the launch of the app.

Ask an anonymous user on the platform reddit About a month ago about the reason for registering “BABB” as multiple different companies.

Another user commented about the ongoing and frequent delays as the launch was expected to take place in December 2018.

Then in the first quarter of 2019.

And later in May 2019, then from August to September 2019 and finally the last quarter of 2019.

Therefore, it begs the question: Why should we believe that they are serious this time?

In response to the question, one of the users replied saying that delays occur, and this is normal.

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Another anonymous user explained that it is difficult to achieve what they are looking for, because they have to solve some problems.

The same user also mentioned that the beginning is always difficult, as people previously believed that Ripple was a scam.

Twitter users reacted to the launch of BABB:

The general mood for the launch of “BAAB” on Twitter was more evident, unlike other platforms, where it seems that Twitter users are expecting the launch of the “BABB” platform.

User Crypto K says as he anticipates the launch, thanks to the BAAB team for the hard work that went into ensuring the launch is possible.

Mr. Taylor, thanks for all the hard work. Looks like Babb has been in business since I started there!

– Crypto K (@CryptoK3) January 13, 2020

While another user believes that this application will help millions to achieve financial inclusion.

Tweet embed The word is, you are someone who needs to know2 about a project that is about to help millions achieve financial inclusion. please check #BABB & Tweet embed Unleash your Earth-breaking technique of about 2! #BX #fintech #FinancialInclusion

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– CryptoC (CryptoClarence) January 15, 2020

While user “DT” commented that “BABB” will expose all frauds in the traditional banking financial system.

Cryptocurrencies as an industry are under great scrutiny by the outside world.

One of the reasons why the mainstream is skeptical about cryptocurrency/blockchain is that they can’t see real use cases like BABB in action and all they see are scam addresses. (1/2)

– DT (I_Am_DTaylor) January 13, 2020

In the end, it can be said that there is not much time left (20 days) to launch the bank based on blockchain technology (BABB) or there may be a delay again in both cases. We will follow the topic on the Arab Bitcoin website as we always do.

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