BABB a decentralized bank for microeconomics

Modern banks are high-tech financial institutions capable of servicing every complex commercial and project transactions.

Globalization is accompanied by deregulation of banking activities and financial market liberalization. At the same time, institutional differences between various types of banking and financial activities are erased: commercial, investment, insurance, and so on.

As a result, the nature and form of competition in the financial markets changed significantly. Banks are forced to compete simultaneously in many segments of the financial market, and not only with each other, but also with other financial institutions - insurance and investment funds, financial companies, and others. And in conditions of liberalization - not only with the population, but also with non-residents.

Liberalization, on the one hand, creates conditions for the development of a network of foreign banks and the establishment of an international banking business, which naturally increases competition, but, on the other hand, simultaneously enables the consolidation of bank capital. . This led to an increase in the number of mergers and acquisitions in the banking sector, the expansion and improvement of various forms of cooperation between banks and non-bank credit and finance institutions, and the growth of banking alliances of various types.

Information technology plays a special role in global change in the banking business

Recently, information and technology systems have been used primarily to automate the collection and processing of banking information, less frequently for planning and control in banks and seen as a tool to reduce manual labor and reduce bank costs. Today, information technology has been a driver of radical structural change in the banking business. They overcame space and time, opening the bank exit every time in distant geographical markets.

At the same time, the traditional competitive advantage of banks - long-term and multifaceted contacts with customers and branch networks developed - partially lost their significance. There is a new layer of customers who are willing to use internet banking services. The nature of bank communication with this client is very different from the traditional one. Modern multimedia tools provide interactive virtual banking communications with clients, which gradually replace personal communication with it.

Technology in on-line mode, providing market transparency, enables customers to choose the services that are most profitable for them without much effort and time, which reduces the chances for banks to maneuver prices.

But many people around the world do not have access to banking services, credit cards and debit cards and other issues (systemic risk, data

privacy, financial exclusion and slow competition). Sometimes it is needed.

All of these problems can complete a project called "BABB" - Blockchain Based Bank Account

BABBis a decentralized bank for microeconomics, providing individuals and businesses with British bank accounts, backed by blockchain technology. Accounts are managed through smartphone apps and provide access to decentralized payment cards. In addition, partnerships with the central bank enable the integration and publication of other digital currencies around the world, further stimulating the local microeconomics and expanding the range of BABB solutions and the underlying BAX benchmarks.

What is a BABB product? 

Platform: all users are connected through a global network, and you can easily access the part of the fundraiser, to trade or make payments. 

Attachment. You can easily access your services through your smartphone by downloading your app. The design is mixed with social networking user interface and banking applications.

BlackCard: You can use a supported currency in any country using this card. This card is decentralized, so you can easily use it. Security To protect our personal data, BABB will utilize Blockchain, as well as biometric data. With face scanning capability, voice printing and geolocation, making user-friendly digital IDs possible and easy. And you no longer need to use document ID. Advantages

• > Through BABB's mobile app everyone can quickly create a bank account very easily, without the required ID document to open the main wallet.

• > BABB allows businesses and individuals to control their money anywhere if they have an internet connection.

• > BABB supports traditional banking functions such as transfers, payments, I / O, and other peer-to-peer transactions using smart contracts.

• > Uses can receive income from their own money by  providing peer-to-peer services, such as currency exchange and loans, and receiving awards, such as banks.

• > With BABB Black Card you will be able to spend your money very simply. Resellers can receive payments using a BABB card simply by downloading the BABB app and viewing the QR code. Direct payments are made to the reseller bank account, and the funds can be directly used.

What is Token BAX?

> BAX is the original token for use on the BABB platform. This will be the core of BABB operations, both as a medium of exchange, a set of values, and a single account unit.

> This will allow the local digital currency to be issued by the central bank to access international remittances and payment gateways to their local citizens

> This is the completion protocol for over blockchain transactions.

BABB has become the FCA Authorized Payment Authority (API) and will apply for a Banking license in early 2018.

What you get thanks to this project:

1. You will experience a seamless transition between your heritage banking and your blockchain-based bank account
2.  BABB Account issued IBAN for european and international bank wires, as well as Account Number and Code Sort for UK national transactions.
3.  Through BABB Mobile Applications, anyone can quickly create a bank account as easy as "fetching a cell and humming a song", without the necessary ID document to remove the basic wallet.
4.  BABB allows businesses and individuals to control their money anywhere, as long as they have an internet connection.
5. BABB supports traditional banking functions such as transfers, payments, cash in / out, and other peer-to-peer transactions using smart contracts.
6. Users can generate income from their own money, by providing peer-to-peer services such as currency exchange and loans and getting fees, just like banks
7.  With a BABB Baby Card you will be able to spend your funds in your BABB bank account in stores and in peer-to-peer. Resellers can receive payments by BABB card only by downloading BABB applications and scanning QR code or via NFC. Payments are made directly to retailer bank accounts and funds can be used immediately.
8. And many other advantages that are very useful! Very cool and helpful

You can buy their tokens at ICO or participate in the Bounty program. Your link is below this article. The project has a very friendly team and marketing. I hope they will develop well

Token BAX is used under the hood to operate platform services across all geographies and jurisdictions served by the platform.

Token Sales: ETH 

Price 

Price will be set two days before token sale. 

> General Sales: 60%

> Team: 20% 

> Foundation: 18%

> Bounty Campaign: 2%

Look at this picture Initial Token Sale

If users do not have BAX to operate on the platform, they can easily purchase the required amount from the bank on the BABB platform, as well as from other users, online exchanges and other 3rd party services.

Hardcap 50 000 000 $. Token sales will be SOON. Join and activate. You can invest in your future. But remember: "Your investment - the risk" thanks for your attention. Bounty Campaign: BABB launches Token Sale to sell BAX token. We sponsor our community through the BAX bazaar campaign that will reward Token Sale supporters. Participants in Bounty Campaign will get BAX prizes. 2% of all raised BAX tokens will be allocated for distribution among eligible Bounty Participants in proportion to the bet they get.

The way we organize our campaigns means we can not estimate the number of BAX tokens allocated per share because it depends on the number of people taking part and how much is lifted in sales. When the campaign ends, we will divide the number of BAX tokens (maximum 20 million BAX) by the number of points earned by all participants and distribute tokens accordingly.

The program will run until the end of Sale Token. Prizes will be paid within 30 days after the end of the Token Sale.

General Bounty Distribution:

Team BABB {BANK ACCOUNT BASED BLOCKCHAIN}

The BABB team is a diverse group of visionaries covering vast experience, knowledge and culture from around the world.

Our team includes successful blockers with proven track records, central bankers, investment bankers, data scientists, crypto investors, researchers and engineers.

We are united by the desire to change the world by creating a new era of total economic participation.

• > Rushd AverroesFounder / CEO
• > Jorge Pereira CTO
• > Adam Haeems COO
• > Dean Refaat Head Research
• > Ani Alexander Head of Marketing
• > Annabel Mellor Head of Communications
• > Director Leonard SeeligNE
• > Stuart HallToken Sale Marketer
• > Eastern Communications Manager Mai Abdel-AzizMiddle
• > David Devia Content Creator
• > Jingwei Li Researchers

Adviser:

• > Anish Mohammed
• > Adi Ben-Ari
• > Peter Cox
• > Miles Benham
• > Ricardo Abreu
• > John Middleton
• > Carly Stratton
• > Professor Paolo Giudici
• > Rotem Hayoun-Meidav
• > Georgi Georgiev
• > Bart Norre

for more information about the project {BABB "BANK ACCOUNT BASED BLOCKCHAIN"} log in to our website address below and thank you:

For More Information :

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Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1113772

ETH : 0xd395c300C4999FB0846D9Ba9Fe4002cD0839837d