Asia Broadband, Inc. (OTC: AABB) is a United States-based resource company currently engaged in the production, supply and sale of various precious and base metals in the Asian landscape. The company leverages its geocentric expertise and a vast pool of industry contacts to facilitate its distribution and production processes.
Its “vertical integration” approach, where each individual member of the company’s supply chain offers a different service but ends up coming together to achieve a common goal, has helped set the company apart from many of its contemporaries and enabled it to create unique value for all its shareholders.
AABB has also made a foray into the digital asset market over the past year, recently launching a mine-to-token gold-backed cryptocurrency called “AABB Gold token” which is available on its platform. proprietary form of digital currency trading.AABB Exchange‘ and crypto wallet offering ‘AABB Wallet.’ The company’s vision for its gold-backed crypto token is for it to become the standard of exchange for anyone who wants to buy/sell the yellow precious metal.
Using the “Mine-to-Token” vertical integration operational approach, the company seeks to offer those seeking independence from FIAT currencies a real and tangible alternative.
AABB strengthens its cryptographic infrastructure
Earlier this month, AABB announcement that it had engaged the services of a popular cryptocurrency, blockchain and cybersecurity expert to optimize the architecture, functionality and overall governance of its property exchange offering, as well as to expedite the various stages that have described in the roadmap envisaged by the company.
The move is aimed at improving the day-to-day operations of the exchange, with a host of data analysis and valuation reports already underway in this regard. The results obtained will help AABB design an action plan to eliminate any inefficiencies and boost the overall usefulness of the trading platform in the short to medium term. Commenting on this development, Chris Torres, CEO and President of AABB, reportedly said:
“We are delighted with the progress our Exchange group has already made with the additional expertise and leadership now in place. Our Exchange operations are progressing rapidly to achieve our core goals of a robust, efficient, and user-centric Exchange with top-notch security for our users and token holders.
In addition to its aforementioned exchange-related news, AABB also revealed that it has launched a preliminary advertising campaign for its gold-backed token and exchange at Los Angeles International Airport (LAX). Over the coming weeks and months, these efforts will be expanded with other similar style marketing campaigns making their way to market.
Buying Gold With Crypto Is Easy… Here’s How
Asia broadband recently announcement it reintroduces its very popular “conversion” feature to its AABB wallet. As a result, users now have the option to directly purchase AABBG gold-backed tokens in place of various digital currencies at the touch of a button. The feature had been disabled for a few months to continue the development of the AABB’s property exchange offer.
AABBG is backed by $30 million of gold held by the company in its vaults. Future token releases will also be backed by additional physical gold acquired from the company’s future mining production at a ratio of 1:1. As the price of gold fluctuates, the value of AABBG will also fluctuate.
AABB simplifies crypto payments
According to a recent survey by payment giant Visa, more than 80% of all small and medium-sized enterprises (SMEs) globally plan to start accepting digital payments by the end of 2022. Indeed, these new forms of payment are key to driving business growth in the eyes of most traders today.
At this point, Asia Broadband is helping bridge this gap that currently exists between the retail sector and the crypto industry through the introduction of its PayAABB crypto payment gateway. The offering is designed to easily integrate with online stores, allowing merchants to receive payments in the cryptocurrency of their choice. Otherwise, PayAABB is a play-and-plug solution for B2B and B2C businesses, enabling users to facilitate online and offline payments in over 400 digital coins.
From a security point of view, the platform is protected by SSL technology, Google 2FA, Google Authenticator, as well as other encryption modules natively developed by AABB. Finally, all transactions made through the PayAABB ecosystem are safe from customer chargebacks, at no cost to merchants. Finally, while customers have the option to make payments in over 400 cryptocurrencies, businesses can choose to be paid in the asset of their choice through the AABB Exchange.
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