(Newswire.net — February 2, 2018) — A cutting edge banking startup, BABB, based in London, has announced a new token sale to kickstart 2018. It will offer interested parties the chance to acquire BAX, a utility token that powers the BABB platform. It is these tokens that pay for services, fees and licensing costs on the BABB platform, which is made easy by the bank’s mobile app.
The site explains that anyone can join the token sale to take part in the BABB expansion and help the business to develop its goal of changing the way finance works across the world.
BABB aims to change the fact that 2 billion adults are without a bank account, with many people having no access to simple services that most take for granted. Through the BABB banking platform, anyone can have a UK bank account, and all the privileges that come with it.
Using the BABB mobile app, customers will be able to acquire BAX at any time without taking any additional steps or affecting the user experience. The tokens can also be used for onboarding and offboarding funds to third party exchanges, fundraisings and cross currency conversion with improved liquidity.
More information can be found at: https://getbabb.com.
During the first two days of the token sale, BABB will only be accepting ETH contributions, with a minimum limit of 0.2 ETH. From the third day onwards, if there are any tokens left, wire transfers will then be accepted.
BABB explains that once customers enter their ecosystem, they essentially become their own bank. This means that anyone with a smartphone will be able to participate in the global marketplace offered by the company.
Using BABB, customers all over the world will be able to send money to another BABB user instantly for almost no charge. They can also exchange currencies directly while cutting out the middleman.
This allows for a cheaper, faster, much more simple way of banking than ever before – and it means those without a traditional bank account can send and receive money with ease.
Full details of the app and the token sale can be found on the URL above.