Taking inspirations from the loophole in the current Banking system/infrastructure, Rushd built BABB. Influenced by his own story and determined to make a difference, concept BABB is anything you have seen or heard before.
When Rushd Averroes came to the UK in 2009 to work and stud it was required for him to open an account for his day to day money-related tasks. Unfortunately or fortunately (for the envisioning of BABB) his application was rejected by Major Banks of UK. He somehow managed to get an account after completing his university and while working part-time but the process nevertheless was very difficult.
His passion for trading made him set up an Online Money Transfer company which was designed to help immigrants to send money back home. One successful year later, however, banks in the UK decided to close the accounts of all Money Service Businesses (SMB).
As this was not enough Rushd’s account including savings, personal and credit card were all closed at the same time.
According to Rushd, these experiences changed the perspective of Rushd on Banks and how Banking should be. It makes sense that Banking should be Open, transparent, fair and most importantly globally connected.
Mobile Application BOBB:
The BOBB Mobile application is a nonstandard and innovative mobile banking application. To open a bank account and benefit from online banking services, all you have to do is download this app. The rest is very easy with this user friendly application.
A BABB card is a payment card that interacts with your account using NFC or QR codes while providing the same Debit card. If you go to a store, retailers can accept payments using this card simply by downloading the BABB app on their smartphone and scanning QR code.
What if you can not find your card? You can easily remove it from your BABB account and then connect it again when you get it back. If you're lost permanently, you can get a new card from a partner retailer with the next day's delivery options.
Idea BABB!
The basic concept behind BABB is that everyone should be able to open a bank account in the world only with Smartphones. Then, at the same time, the idea needs revolutionary which is not limited to good and good Smartphone apps.
BABB uses Blockchain technology, Bio-metrics, and machines for decentralized access to its Banking system. Anyone in the world can open an account with BABB regardless of its origin.
In short, BABB is building a decentralized digital bank on a Blockchain platform that integrates digital currencies worldwide using Social Banking.
The primary usage of BABB account.
There are 3 main uses of BABB account:
1. P2P Lending / Cash: helps you receive cash debited by BABB users and accepts payments in local accounts.
2. P2P Borrowing: You can request cash and this info will be distributed to all BABB users on your list. Anyone who wants to lend you will send funds to your BABB account.
3. P2P Fundraising: BABB enables international and local fundraising by.
A. Private - invite only
b. Private - broadcast to friends and family
c. Public - for a global approach
Use of Raised Funds:
successful team:
Yes, registration and KYC are required to qualify to enter the token sales. Our ultimate goal is to ensure our platforms are reliable, transparent and transparent. Therefore, all participants must be registered and fully KYCed.
Can I participate with a lower / higher ET number than I stated during my registration?
Yes, you can participate with a lower / higher ET number than you stated when signing up.
When and how does the token BAX be distributed to token sales participants?
Token will be released to the buyer when the token sale expires. They will be sent to the address where we received your ether.
What forms of ICO payments are available?
We only accept payment Ethereal (ETereal).
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