Asia Broadband Set to Launch Crypto Payment Solution in September 2022

Asia Broadband (AABB), a U.S.-based resource company engaged in the production, supply, and sale of base metals, has announced that the company is set to launch its proprietary cryptocurrency payment processing solution PayAABB on September 7, 2022.

According to recent media reports, “AABB management and the development team are thrilled in anticipation of the soon approaching launch of PayAABB that will offer online businesses payment acceptance diversity and expand the company’s digital asset division.”

In collaboration with the Company’s digital assets developer, the integration and testing of PayAABB’s network components are in the final stages of completion.

Company Retained “Cryptocurrency, Blockchain And Cybersecurity Expert” for AABB Exchange

Early this month, AABB announced retaining a cryptocurrency, blockchain and cybersecurity expert to enhance the architecture, functionality, and management of the AABB Exchange to expedite the achievement of operational milestones.

AABB president and CEO Chris Torres said, “We are elated with the progress that our exchange group has realized already by the additional expertise and leadership now in place. Our exchange operations are advancing rapidly to achieve our core objectives of a robust, efficient, and user-focused exchange with premier security for our users and token holders.”

According to the news report, the extensive project management experience specific to blockchain platforms and networks now added to the company’s digital asset development group is expected to enhance the exchange operations significantly.

“Several analysis and assessment reports have already been completed to facilitate the plan and execution of exchange efficiencies and advancements,” according to the company.

According to the company, through its AABBG token and AABB Exchange, the company embraces a pioneering philosophy with its Mine-to-Token vertical integration operational approach that strives toward complete independence from FIAT currency.

Company Enables Purchase 0f AABBG Gold-Backed Tokens in Exchange for Other Cryptocurrencies

Last month, AABB reinstalled the Convert feature within the AABB Wallet to allow users to purchase AABBG gold-backed tokens in exchange for other cryptocurrencies. The “Convert feature” was temporarily disabled several months ago to facilitate the further development of the company’s AABB Exchange.

AABB is known for catering its products to the Asian markets primarily. It derives key revenue from the sales of minerals produced. On its website, AABB said that it utilizes its specific geographic expertise, experience, and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to its client sales networks in Asia.

On the Flipside

  • When it comes to crypto backed by gold, experts advise investing with small amounts and waiting to evaluate anything related to a crypto protocol, because time reveals its value.

Why You Should Care

The launch of the company’s AABB Wallet in 2021 introduced its AABBG token’s initial release to the market, which is backed by the $30 million in physical gold the company currently holds.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Author

Akriti is a Zurich-based reporter, focused on the political, regulatory, and legislative developments around crypto. She is a business journalist with over six years of experience working as a correspondent for organizations like Channel NewsAsia and Bloomberg TV India. In that time, Akriti has covered news in the finance, pharma, and state sectors.