BABB Review : Everyone is a Bank
What are Business that Accept Bitcoin
What are types of Business that Accept Bitcoin as their payment? In 2011, bitcoin is using for cryptocurrencies. You might surprise for knowing that there are many business that now are determining for accepting bitcoin. The big reason for this acceptance is due to minimal charge for transaction in bitcoin and convenient for receive the payment in seconds.
With the growing of startup companies in recent digital era, there are many opportunities for bitcoin to growth and earns. When you join with the platform that use bitcoin, then there are many uses for the token.
- Foreign exchange liquidity.
How are Bitcoin mined?
There are several ways able to do for mining bitcoin. The bitcoin is produces by people and when the businesses are becomes increasing rapidly; there are many businesses that accept bitcoin for the payments. What make many people are interesting to bitcoin? The biggest reason for the attracting bitcoin use is due to its anonymity. This means that government has lack control on it. The value from bitcoin is determined by how much people are willing for exchange for it.
The process for bitcoin transaction is called with “mining”. The mining is a process where computer taken place. This is a process that involve with difficult mathematical problem solved. When a problem solved, then one block of bitcoin will processed. This mean, the miner will reward with new bitcoin.
The bitcoin protocol is said that only 21 million are ever able to create by bitcoin miners. The value from bitcoin is also seems increasing wildly after it has been launched. However, the coins are able to divide into smallest part that called with Satoshi. To get the bitcoin transaction, then you need to make bitcoin address. The address then can be stored in to wallet.
With the growth of micro economy, the BABB platform is the unique ways for the future use of banking that feasible and revolutionary. The platform is having big opportunity for growing. By the developing of physical and digital presence with the natural growth mechanism, there is prediction for the exponential uptake from the market target. The bitcoin transaction now is using so much energy where the trade is able to take power in home.
If you want to buy bitcoin, you are able to buy in bitcoin exchanges. This bitcoin exchanges allow people for buying and selling bitcoin using wide range currencies.
The mobile app and computers can allow people to send bitcoin to others. While the recent bitcoin transaction seems as private, but the other prediction seems as the bitcoin trading as future trading investment.
This means that there is big opportunity for bitcoin miners for trading and earns their bitcoin more and more. The bitcoin trading can be new investment tools that trader online can determine for earns money.
The Benefits of BABB for Financial and Banking System Today
Decentralization bank becomes the latest system which will be developed and claimed to be a revolutionary system. You have to read the system offered by BABB first to make sure whether decentralization bank becomes a great solution or not.
The Use of BABB
BABB is also known as Bank Account Based on Blockchain. The point of this revolutionary system is offering bank account to anyone around the world by using blockchain technology. The best benefit of using this technology is to cut the cost of banking activities and financial services.
Moreover, BABB is also trying to introduce people to wider global economy. Definitely, BABB is built with strong reason such as to solve stagnant competition and even data leak especially for security system.
Products Offered by BABB
There are several products offered as the manifestation of BABB. First, the users are able to use a smartphone app. This is a reasonable step because more and more people are using smartphone and they are connected with it. It seems that there is a huge network and they are connected with a small gadget called smartphone. Just imagine if your smartphone can be used to get better mobile banking experience.This is the reason why BABB is offering an app to the users.
Second, to accommodate and adaptation, BABB is still supported by a real bank account and the base is located in UK. The benefit of this real bank is for easier and more comfortable international payment. At the same time, you can still make financial actions without the banking license.
Third, as the users of this platform, you are able to make financial services directly with your friends or known as peer to peer services. The service works by using smart contracts. As the result, people with money will be connected to people with idea.
Fourth, there will be a payment card and it is developed with high performance security system. The card is known as the Black Card. The card is used for more universal payment system and independent. In the development, the users don’t have to pay high fee and the process will be much faster than before. The efficiency resulted from BABB will be great for business process.
Data Privacy Protection
Due to the system, BABB is supported by the network effect. In this case, the value of service is increased by the increasing of the network or the users. That’s why, more and more people have to know this unique platform and see the importance and the benefits of the platform for financial and banking system.
The BABB team is trying to realize it by making cooperation with the ambassadors. The goal is to create a fully banking community with new technology and system which help them better than before. You don’t need to worry with the data privacy because BABB is using GDPR regulations while managing the actions.
In this case, you will have a full ownership and you are able to control your own data. Moreover, the system is also supported by sophisticated encryption to make sure that your data privacy is safe while using the system.