BABB launches hybrid accounts to promote financial inclusion and tackle social inequalities
LONDON – (NewMediaWire) – April 19, 2023 – (King NewsWire) – BABB announces its all-in-one app that provides access to financial services for everyone. The company harnesses the power of cutting-edge technology to streamline and simplify the process of peer-to-peer transactions across borders, bypassing the limitations of traditional banking networks and costly intermediaries.
Babb delivers accessible, secure, convenient and cost-effective fintech services designed to serve the global micro-economy. The BABB platform uses Blockchain technology to make money transfers instant and free among Babb’s users. The tokenization of conventional currency makes this possible for BABB allowing for seamless transactions.
BABB’s unified app offers a wide range of financial services, including day-to-day banking, traditional currency transactions and cryptocurrency functions, all easily accessible from a single platform. Customers can send and receive money, get paid, receive earnings, exchange currency on CurrencyX, and soon release virtual and physical MasterCards for purchases and cash withdrawals.
BABB’s partners include Clearbank, Railsbank, SYGNUM, Swift, MasterCard and Neopay. The fintech company stands out for its many benefits, including fee-free P2P transactions between BABB users, sending, receiving and converting digital assets, a multi-currency account and BABB MasterCard. In addition, the company offers convenient features, including global on-chain and off-chain transactions.
The company aims to quickly establish itself as one of the UK’s pioneering autonomous Financial Service Platforms. With a dedicated team committed to spreading financial security, they are poised to disrupt the banking industry in pursuit of their mission.
According to BABB CEO and founder Rushd Averroes: “Traditionally, microtransactions are incredibly expensive for banks; on the blockchain, this is no longer the case, making it a viable alternative to cash that high street banks are unable to provide. I knew that I can have a positive impact on the lives of many people. Innovation for the benefit of everything we do at BABB.”
As part of the BABB community, users can support BABB’s mission to provide inclusive financial services worldwide without limitations. With the launch of its innovative blockchain-based banking service, BABB combines advanced web3 technology with user-friendly features, low cost and accessibility, offering the best of both worlds in modern banking.
About BABB
BABB is a registered company based in London, operating in the financial technology industry. Founded by Rushd Averroes in 2016, the company focused on decentralized financial systems offering peer-to-peer money and crypto transfer, mobile banking app, Social KYC and Black Card.
Media contact
Organization: BABB
Contact person: Alyssa Bernal
Website: https://getbabb.com
Email: [email protected]
City: London
Country: Great Britain
