From Unbanked To Visionary: Rushd Averroës And BABB’s Mission For Inclusive Banking
In the dynamic world of fintech, few narratives are as compelling as that of Rushd Averroës and his brainchild, BABB. A beacon of innovation and commitment, BABB stands tall, not just as another fintech endeavour but as a testament to Averroes’ unwavering belief in technology’s potential to drive societal transformation. It is a tale of […]
READ MOREInvesting in Crypto?
Investing in Crypto? — Understand the risks and adopt a balanced perspective. Cryptocurrencies have captured the public imagination as a groundbreaking technology and a tempting investment prospect. Its popularity is undeniable, yet it carries a significant risk profile. In BABB, we are all about education, so here’s a straightforward look at the world of crypto […]
READ MOREIntroducing ReDeFi The Layer 1 Blockchain That Merges Traditional Finance and Crypto
BABB is proud to introduce its most transformative initiative yet: the ReDeFi project, a layer-1 blockchain that uses a PoS-C consensus and built-in compliance features. With a renewed vision and unpaired ambition, we’re setting the stage for a game-changing blend of traditional regulated finance and blockchain technology while ensuring we comply with regulations and current policies. The […]
READ MOREBABB is Introducing a New Hybrid Money Account for the Benefit of Humanity
One of the leading Blockchain start-ups is introducing a new money account that allows people to have cryptocurrencies, stablecoins, and fiat money, all in the same account!
READ MOREBABB’s CEO Becomes the First to Receive His Salary in GBPx Stablecoin
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?
READ MOREBabb is Phasing Out Certain Services Related to the Recent OLD BAX Swap
Babb is phasing out OLD BAX token related operations as part of its recent app revamp activities to clear the way for the introduction of the Babb Banking Service in 2023 and to steam off some load off the app and reduce the administrative costs for record keeping.
READ MOREBAX Got Listed on the MEXC Global Exchange
We are proud to announce the listing of BAX on MEXC Global Exchange, ranked as the fifth largest cryptocurrency exchange in a recent article published by Coin Gecko. This partnership is one of many endeavors being set in place for implementation by the Babb team in the aim of boosting the BAX token’s liquidity in preparations for the upcoming crucial milestones we have ahead of us in Q4, 2022 and Q1, 2023.
READ MOREThe Merge: Ethereum’s Mainnet Upgrade
“The Merge” is what Ethereum calls its mainnet upgrade intended to combine the Ethereum mainnet with the Proof of Stake Beacon Chain to make it more scalable and energy efficient.
READ MOREThe Babb Platform Gets a Crucial Update to Mark the Start of the New Era.
In the latest sprint, Babb’s focus was to integrate the long-awaited Currency X™ wallet into the app and introduce USDx to join GBPx and RIALx in the Currency X™ stablecoin family.
READ MOREBABB’s Upgraded BAX Smart Contract.
The snapshot swap and the priority request portal At last fellow Babbians 👋 We can finally confirm that our upgraded contract is now fully tested and the snapshot swap is set to happen at midnight connecting June 6 to June 7, Coordinated Universal Time (UTC). During the swap, the current (old) BAX will be replaced […]
READ MOREBABB’s Upgraded BAX Smart Contract
The new token and what comes next hello fellow Babbians 👋 We have some more exciting news to share with you about our upgraded BAX smart contract. We are delighted to announce that the contract audit has been completed. This brings us one step closer to solidifying the swap process and affords us the opportunity to […]
READ MOREBABB’s Upgraded BAX Smart Contracts
The what & the why? gm fellow Babbians 👋 In a recent twitter poll we conducted, 67% conveyed that they are positive on a BAX smart contract update while 18% wanted more information before sharing their opinion. The purpose of this announcement is to articulate the planned changes, outline the benefits and hopefully address the […]
READ MOREBlockchain: The Ultimate Guide for Beginners
Blockchain is a revolutionary technology which will bring transformative change to governments, business, healthcare, finance, and other industries. However, when you look at its definition, you feel lost due to the use of technical jargon. Fortunately, blockchain is quite easy to understand, even if you aren’t a technological guru. Today, Babb will explain the basics […]
READ MORENew to Cryptocurrencies? Here’s Everything You Need to Know.
Cryptocurrency is a virtual currency used for either trading or transacting. If you are a beginner in the world of digital currencies, then it is important to be well-informed about some key aspects, to be both benefitted and protected by such currencies. 1. What is cryptocurrency? Cryptocurrencies use encryption methods for their generation and use. […]
READ MOREBABB Cards Update
Shifting Focus & Embracing Change BABB has always explored innovative ways to empower users with accessible financial solutions. Our initial interest in offering physical cards stemmed from the goal of bridging traditional banking with new payment technologies. However, the payment landscape is evolving remarkably, with digital solutions rapidly gaining dominance. After careful consideration, we’ve decided […]
READ MOREBABB Welcomes Heather Butler as New Advisor to the Executive Team
BABB is excited to announce that Heather Butler is joining our team as an Advisor. With over 20 years in financial services, Heather brings a wealth of experience to our group. Her background includes key roles in fintech firms, regulators, and global financial institutions Significant achievements mark Heather’s journey in the financial sector. Notably, […]
READ MORENavigating the Financial Promotion Landscape for Cryptoasset Marketing in the UK
As of January 8, 2024, all registered cryptoasset firms, including BABB, will be stepping into a new regulatory landscape as the financial promotion regime comes into effect. This regime, legislated by the UK Government, expands the scope of the financial promotion regime to include qualifying cryptoassets. It is crucial for firms marketing cryptoassets to UK […]
READ MOREBABB: BAX Token Update January 2025
TL;DR The BABB team continues working on the ReDeFi project, the main infrastructure alongside all our products. As promised during the BAX swap event, we are informing our community in advance for allocation changes. The allocation for Staking is reduced from 6 billion BAX to 3 billion BAX, which will be used to support technical […]
READ MOREYemen Update: RIALx Stablecoins Retirement
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 […]
READ MOREUpgraded BABB App: Adapting to the Latest FCA Travel Rules for Smoother Global Transactions
Keeping up with financial regulations can sometimes feel overwhelming for the end-user. We recognise the importance of adapting to regulatory frameworks – not just for compliance, but also for the enhanced experience of our users. As the latest FCA Travel Rules are about to take effect this September, we’re pleased to introduce pivotal updates to […]
READ MOREFinancial Empowerment through Blockchain: BABB’s Vision for an Inclusive Future
The financial world is changing, and with it, our aspirations for an inclusive future are becoming more attainable than ever. While once the power of comprehensive financial tools remained confined to a select few, BABB’s utilisation of blockchain is unlocking doors previously unimaginable. Standing at the forefront of this change, BABB is not just about […]
READ MORESay Hello to Your New Inclusive BABB CARD!
Ever noticed how fast our financial world is changing? The advent of new technologies and the growing need for more inclusive financial services are leading this breakneck pace. Amid this whirlwind of change, we wanted to announce something pretty exciting – the launch of the BABB Card. This isn’t just another card. It’s your financial […]
READ MOREBABB’s Stance to Hidden Fees in International Payments
The Rising Concern of Cross-Border Transactions We all live in the global finance era, and transferring money across borders has become routine. Yet, beneath this convenience lies hidden charges that can significantly change the ultimate cost of these transactions. The process of moving money internationally via traditional means usually encompasses several forms of charges, such as: […]
READ MORENew UK FCA Crypto ‘Travel Rule’: Here’s What it Means for You and Us at BABB
Introduction The rules of the game are changing! As part of the ongoing drive to secure financial systems, the UK’s Financial Conduct Authority (FCA) is enforcing the ‘Travel Rule’, a new set of regulations set to kick off this September 1st, 2023. Drafted by the Financial Action Task Force (FATF), these rules are on a […]
READ MOREAdmin Fee Related to the OLD BAX Swap Requests and Reminder on 2024 Phase Out
📅 July 04, 2022 📍 London, United Kingdom 🕒 2 mins TL;DR BAX Swap – Phase Out 30 June 2024 ⛔ In accordance with our previous communication, we are pleased to inform you that the OLD BAX to NEW BAX swap facility has been accessible without any processing fees until June 30, 2023. […]
READ MOREExploring the Features of the BABB App
How BABB App Is Making Financial Inclusion A Reality By Bridging The Gap Between Banking and Crypto Are you looking for a centralised system that will assist you in keeping track of numerous cryptocurrencies, as well as fiat currency and stablecoins? In the blog post, we will examine the BABB App and everything it has […]
READ MOREBABB Makes Strides in Bridging Crypto and Fiat Economies with New Hybrid Money Account
All your money, stablecoins & crypto, in one app! BABB, the pioneering blockchain financial service platform, has released a new Hybrid Money Account this week, which promises to make it easier than ever to bridge the gap between cryptocurrencies and the traditional economy. What’s a Babb Hybrid Money Account? The Hybrid Money Account […]
READ MOREBAX Token Updates
TL;DR BABB team is currently working on the next exciting new project involving GBP Money accounts and linked debit cards. 10 billion BAX will be reserved for the treasury in order to be used in the development and deployment of this major project. As promised during the BAX swap last year, we are informing our […]
READ MOREHow Mobile Technology Has Reduced The Number of Unbanked People Globally
There is no doubt that mobile technology is empowering the world’s unbanked. It allows underserved individuals to gain more access to the financial tools they need, all the while making it possible for them to utilise services through the convenience of a smartphone. In fact, the mobile technology sector has made significant strides in reducing […]
READ MOREThe Road To Financial Inclusion: Building New User Behaviour Through FMIs
Commonly referred to as the plumbing of the financial system, financial market infrastructure (FMI) is composed of payment and settlement systems which enable transactions to take place. When FMIs are coupled with the curation of new user behaviour in emerging markets, it can ensure the smooth functioning of a financial system. However, financial market infrastructure […]
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