BABB is hosting a meetup in Dubai

BABB will hold a meetup on banking decentralization with blockchain on May 7 to introduce the project and share the perspectives
07 May 2018   915

BABB is making an attempt to become the world's first bank that provides decentralized services under a license in a secure environment. Apart from the blockchain technology it is using AI, biometrics to design a global decentralized banking network.

BABB is organizing a meetup in Dubai on May at Grand Hyatt Hotel. The key points of the event are:

  • product vision speech by CEO Rushd Averroes;
  • project story with a showcase of a successful token sale;
  • updates on obtaining a banking license, securing strategic partnerships, and launching our mobile app and payment card;
  • private round of the equity crowdsale

Complimentary drinks throughout the evening and plenty of time for questions, discussion and networking are all going to be the components of the meetup. To learn more about the event you can visit the Eventbrite page here. At the moment of publication, BABB's BAX market characteristics are as follows

  • Average price: $0.001976
  • Market cap: $41,405,600
  • Volume (24H): $354,791

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   66

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.