At Babb, we’re always on a journey of enhancement, ensuring that our users experience the best in fintech solutions. It’s with this ethos of betterment that we’ve reached a decision regarding our CurrencyX suite. RIALxA and RIALxS, our bespoke stablecoins tailored for the Yemen market, will be stepping down.
Hold on! Before any alarms start ringing, let us assure you – this transition is a stepping stone to even greater financial solutions.
A New Phase in the Babb Journey
CurrencyX has always stood as a beacon for frictionless, hassle-free P2P transfers and exchanges. The power of the CurrencyX™ bundle of stablecoins was to offer a robust way for remittances with low fees. Pegged to their respective FIAT currencies, these stablecoins ensured users could seamlessly transact, whether it was sending, receiving, topping up, or withdrawing.
Now, as we bid adieu to RIALxA and RIALxS, here’s what you need to know and how it affects your holdings:
- Our primary focus is your convenience. Convert your RIALxA and RIALxS assets to USDx. It’s swift, secure, and keeps you on top of your finance game.
- If your holdings in RIALxA or RIALxS equal or surpass 15 USDx, you can effortlessly carry out the conversion using the BABB App. For those with balances below 15 USDx, drop an email to firstname.lastname@example.org, and our team will guide you.
- As always, we’ve got you covered. We promise timely communications through our regular social channels, ensuring you’re well-informed.
- Change, as they say, is the only constant. We see this update as a push towards broader horizons, where we can unlock even more value for our users.
🗓️ Remember, after 30th September 2023, 23:59:59 UTC, all RIALxS and RIALxA assets will automatically be converted into USDx. So, take action and stay ahead.
Enhanced Financial Experiences
This change allows us to focus on offering better P2P experiences, with minimal internal exchange fees and a plethora of possibilities. Remember, with BABB, it’s always about moving forward, about creating a world of seamless financial transactions.
As we traverse this new path, we want to express our gratitude for your unwavering support. Together, we continue to craft an inclusive, innovative financial landscape.
Join us in this next chapter, as you level up your financial journey with BABB! If you have questions, or concerns, or simply need a walkthrough, our team is just an email away.
Here’s to new beginnings! 🍻