BABB- Bank Account Based on Blockchain

Globalization is joined by deregulation of keeping cash activities and movement of fiscal markets. Meanwhile, institutional capabilities between different sorts of keeping cash and fiscal activities are erased: business, theory, security, et cetera.

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Appropriately, the nature and sorts of competition in money related markets change on a very basic level. Banks are obliged to fight in the meantime in many parts of the budgetary market, and with each other, and also with other cash related institutions — insurance and hypothesis saves, financial associations, et cetera. In addition, in conditions of liberalization — not just with tenants, yet what’s more with non-inhabitants .It is a known fact that there are still so many people who do not have a bank account. According to a research that is published in Forbes magazine, 2 billion adults don’t have bank accounts and they are out of access to formal financial services. Dramatically, centralized banking systems can not reach to those 2 billion people because they never bid a price lower than its cost. Those unbanked people are mostly poor and small players, and it is not profitable for banks to provide services for them.BABB Mobile Application

BABB Mobile Application is a very user-friendly smartphone banking application. Anyone can create a banking account and enjoy online banking easily after its download.

There is no ID document requirement to open an account. All you need to do is to take selfie and to add a passphrase.

BABB Mobile Application provides all basic banking services. Sending money to any BABB user in all over the world is very easy, fast and without those traditional banks’ high fees.