The BABB project, a crypto banking application for managing cryptocurrency and fundraising, successfully held its beta launch event on February 12th.

On this occasion, nearly 200 BABB team supporters joined in celebrating the event.

Features of the first version of the BABB beta platform

• The possibility of opening an account in the BABB application.
• Store, manage and transfer the following digital currencies: BTC, ETH and BAX.
• Request and send peer-to-peer (P2P) payments from anywhere, to anywhere in the world for free.
• Connect your profile with friends and family.
• Donate around the world – give more money to areas that need it most.

Upcoming features that are currently being worked on include:

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• Withdrawal and cash transfer functions that are currently under development and testing
• Product development, adding continuous improvements to the current version, and user interface and experience updates.

stated Mr. Rushd Aveiro, CEO and Founder of BABB:

People asked why we’re throwing a party to celebrate a beta.

The answer is simple.

The BABB system is based on the concept of an interconnected global community that would restore people’s control over their finances and not be discriminated by their income level or place of residence.

We have brought nearly 900 people together online specially to celebrate the occasion.

Problems solved by the BABB project statute

• Removing barriers to fundraisers: Fundraising and donors worldwide are subject to significant fees. What’s worse is that they are usually limited to the domestic market only because the fees for paying abroad often reduce the final amount received significantly.
• Reducing operational expenses by relying on technology: Financial inclusion can be made a reality by stacking existing technology with layers of new technology that can be customized to meet local needs.
• Lowering Barriers to Entry into the Cryptocurrency System: For many, going to crypto trading platforms is very scary and complicated.
• Instant reaction: Through the app, users will be able to recharge their wallets in real time directly from their bank account, credit card or external wallet.
• Removal of third parties: Each company entered into any transaction adds a cost through BABB, users can dispense with the broker completely and thus the costs associated with it.
• International transaction costs: With the BABB token, users can transfer, send money internationally, and withdraw on the other side without the complexity of bank fees.

BABB Technical Director Grant Van Wyk said:

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The launch event gave us the opportunity to expand to our 300-plus user base for testing.

To really provide valuable feedback on everything from user acceptance, bugs, glitches, and UI/UX improvements.

I am proud of starting my career in South Africa and being part of a developing economy, including the related financial challenges faced daily by very diverse circumstances and people.

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What is the BABB platform?

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