Business
DGAP-News: From East And West: Asia Broadband’s Payment Gateway For The Future?
DGAP-News: From East And West: Asia Broadband’s Payment Gateway For The Future?.
About this update from Asia Broadband, Inc.
[{"type":"text","content":"\n\n\n\n\nDGAP-News: Asia Broadband, Inc.\n\n\n\n\n\n\nFrom East And West: Asia Broadband’s Payment Gateway For The Future? \n\n\n\n\n\n\n02.09.2022 / 14:00 CET/CEST\n\n\n\nThe issuer is solely responsible for the content of this announcement.\n\nThe Bosphorus Bridge in Turkey was a marvel when it was completed in 1973. The largest suspension bridge outside of America at the time, it was also the first to cross the famed Dardanelles Strait and unite the continents of Europe and Asia. To this day known as the First Bridge in the city of Istanbul, this bridge is still a gateway between the East and the West, and it continues to capture the imagination with its promise of adventure and discovery.Asia Broadband Inc. (OTC: AABB) is launching a new gateway, one that it says will not just connect Europe and Asia but that will connect consumers and businesses to the future of digital payment. Asia Broadband, a resource company that primarily mines and sells precious metals, is developing its new product PayAABB, a digital crypto payment platform that will help facilitate the expanding financial options brought about by the rise of transactions in alternate currencies.The Gateway Integrating AABB’s Crypto PlatformPayAABB is a product developed by Asia Broadband as part of its growing integrated crypto platform. A company already strongly established in the physical gold mining industry, Asia Broadband has now established itself in the crypto market. Over a year ago it launched its own crypto wallet — the AABB Wallet — to privately and securely store and transfer crypto. Other crypto platforms offering wallet options include those from Coinbase Global Inc. (NASDAQ: COIN) and Exodus Movement Inc. (OTC: EXOD).Concurrently with the wallet, it created the AABB Gold Token, gold-backed, mine-to-token crypto that seeks to bring gold into the crypto future while providing crypto, a notoriously volatile commodity, with the stability of gold by tying the minimum token value to the price of bullion. In January, it initiated a cryptocurrency exchange, the AABB Exchange, where crypto can be privately and securely traded.Asia Broadband describes its new product as engaging with the “future of payments.” Almost a quarter of small to medium-sized businesses (SMBs) now accept or are looking to accept crypto payments, according to a new survey, and this is...