BABB’s CEO Becomes the First to Receive His Salary in GBPx Stablecoin

October 28, 2022

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Learn more about the BABB platform’s milestone moment as the BABB CEO is the first to receive a salary in GBPx stablecoin via the app. What next for crypto?

Technology is advancing at a fast pace, and fintech is leading the way in driving forward the change with new blockchain applications. Cryptocurrencies may not be new, but the past couple of years have been crucial for digital asset variety.

Cryptocurrency has been gaining ground for several years, but it is only in recent times it has started to integrate itself into our daily lives. Growing acceptance and wider adoption of cryptocurrencies raises crucial questions about the future of banking. With increasing use cases of cryptocurrencies and stable coins, decentralized banking becomes a viable alternative and a future with official recognition by governments is getting even closer.

As a leading cryptocurrency platform, BABB has been a driving force in the cryptocurrency industry. BABB aims to become one of the first regulated decentralized Banking Service Platforms in the UK. The platform has earmarked 2023 as the year this vision becomes a reality. With this aim firmly in mind, BABB Group’s CEO Mr. Rushd Averroes, made a significant step forward with his quest on October 5, 2022. On this date, the BABB platform made its first salary transfer in GBPx, and Mr. Averroes became the first person to be paid in CurrencyX through the BABB app.

“Standing here, at the foot of the most beautiful building on earth,” Averroes said. “Designed by architect Shaun Killa, the Arabic calligraphy on the facade hopes to inspire people to build a better tomorrow. And at Babb, we’re innovating for the good of humanity.”

This milestone moment is a hugely significant step for the BABB platform. But also, a major step forward for the two billion people worldwide that do not have access to a banking system and will ultimately benefit the local communities where they live. The following 12 months will be an exciting time both for the BABB platform and cryptocurrency in general.

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