BAX Token

What is BABB (BAX)?

BABB, standing for Bank Account Based Blockchain, is a trailblazing platform that merges the worlds of decentralized cryptocurrency, backed stable-coins, and regulated fiat money. Operating with the BAX token, an ERC-20 cryptocurrency, BABB facilitates its services across various geographies and jurisdictions. The platform is recognized for its adherence to regulatory standards, being registered with the UK Financial Conduct Authority (FCA) under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations. This innovative approach underlines BABB’s commitment to offering a fair, convenient, affordable, and inclusive financial experience.

Functionality and Applications

Bridging Financial Gaps with Hybrid Money Accounts
BABB’s core mission is to democratize access to financial services for the unbanked and underbanked around the world. The platform introduces Hybrid Money Accounts, allowing users to seamlessly manage fiat money, stablecoins, and cryptocurrencies on a unified platform. This integration signifies BABB’s dedication to providing accessible, versatile financial solutions to a global audience.

The Role of BAX Token
The BAX token is central to the BABB ecosystem, enabling the operation of its diverse services. As the primary transactional medium, it supports various activities within the platform, emphasizing its utility and importance in driving BABB’s operations.

Founding and Vision

BABB was established in 2018 by Rushd Averroës, a financial inclusion specialist with a Master's degree in Microfinance and Financial Inclusion from the University of Greenwich. Averroës’ vision and expertise in financial accessibility are at the heart of BABB’s innovative approach to banking, aiming to create a more inclusive financial world.