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##What Is BABB?

BABB is an FCA--registered FinTech platform based in London, UK, that is available in 60+ countries and aims to provide accessible financial services to the unbanked and underbanked on a global scale. BABB's mission is to become a decentralised banking platform that uses blockchain, AI, and other technologies to provide peer-to-peer financial services, e-money & crypto wallets, and debit cards to anyone in the world. There are at least 1.7 billion people in the world who do not have a bank account or basic banking services, and the traditional banking system cannot serve them. BABB has launched a new approach using innovative technology to offer new Hybrid Money Accounts that allow users to manage their fiat money, stablecoins, and cryptocurrencies on a single platform.

BABB has an ultimate goal of running on its own mainnet as well as new financial services like Hybrid Business Accounts and introducing more trading pairs in the CurrencyX section. CurrencyX functionality offers tokenized fiat currencies that will be used by the BABB App users and partner services in developing countries in order to make International peer-to-peer money transfers accessible and affordable to all. 

##What Makes BABB Unique?

BABB is on a mission to prove that technology can be used to empower humanity and that its inclusive and efficient financial services can benefit everyone. BABB is registered with the UK FCA (Financial Conduct Authority) under the MLRs: Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. BABB, as one of the few registered crypto asset firms, is subject to FCA oversight in terms of anti-money laundering and counter-terrorist financing. BABB also received an SMI license from the FCA to offer e-money accounts in over 60 countries.

BABB's vision for the future of hybrid banking is both radical and feasible. By establishing a decentralized, inclusive, and innovative financial ecosystem, it will empower each individual and business within the micro economy.

The BABB platform has enormous potential for growth. We anticipate exponential uptake in our target markets by maintaining a physical and digital presence and implementing a natural viral growth mechanism.

##What Is BAX?

BAX token is an ERC-20 cryptocurrency that is currently used behind the scenes to operate the BABB platform's services across all geographies and jurisdictions served. BAX will eventually become the mainnet's native currency and utility token, and the lifeblood of the BABB platform. 

BAX is a native utility token that helps to make transactions borderless and is the key to taking back control of digital assets. It is used for:
*Fees for processing transactions.
*Running validator nodes on the network via staking.

Who Are the Founders of Babb?
Rushd Averroes is the Founder and CEO of BABB. He founded this startup in the summer of 2016 with the intention of restoring financial control to those who have limited access to banking services. Rushd was born in Yemen and moved to the UK in 2009, where his experience as an immigrant with traditional banks was less than ideal. Since then, he has decided to found BABB to empower not only those with limited access to banking, but also those with no access to any financial infrastructure at all.ose with no access to any financial infrastructure whatsoever.

The BABB team came together and helped pull together the Initial Coin Offering campaign, where they raised over $19 million in ETH in 2018. Currently, the BABB team is working to build and improve the BABB platform, which has been adopted by over 130k registered users in 60+ supported countries.

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