8 years ago

Decentralized Banking Platform BABB Raises $20 Million

  • BABB, a London-based developer of a decentralized banking platform, raised $20 million in its token sale

  • More than 10,000 people participated in the sale

  • The funds will be used to continue developing the platform, launching regulated blockchain-based bank accounts, a mobile banking app, and the Black Card, a decentralized payment card, before the end of the year

  • BABB aims to obtain a UK banking license by Q4 2018.

      • ProblemFinancial Services

      "Millions of people worldwide lack access to traditional banking services, making it difficult for them to manage their finances, send and receive money, and participate in the global economy."

      Solution

      "BABB is building a decentralized banking platform that utilizes blockchain technology to provide anyone with a bank account, a payment card, and access to a global peer-to-peer network, empowering individuals with financial inclusion and access to essential banking services."

      Covered on