The AABB Gold Token (AABBG) is on the verge of expanding its ecosystem. The token, backed by gold, has already gained much traction in the market. Now, the team behind the project is planning to launch a new crypto payment gateway for B2B and B2C transactions.
The project already features an exchange platform, the AABB Exchange, allowing users to buy and sell the AABB Gold Token. The team expects that the idea of introducing a way to handle crypto payments will appeal to investors even more.
Trading Gold-Backed Cryptocurrencies in a Bear Market
A gold-backed cryptocurrency is a type of digital currency backed by gold. The advantage of this system is that it provides a more stable way to store value than traditional fiat currencies.
There are several reasons why you might want to use a gold-backed cryptocurrency. One reason is that they can provide a hedge against inflation. If gold prices go up, your holdings’ value will also increase.
Another reason is that they offer a way to diversify your investment portfolio. By holding fiat currencies and gold-backed cryptocurrencies, you can protect yourself from losses thanks to diversification.
Gold-backed cryptocurrencies are not yet widely accepted as a form of payment. For this reason, AABBG’s latest announcement of creating a crypto payment gateway has attracted investors’ attention.
The current crypto bear market is developing, and gold interest is increasing. AABBG plans to reinforce its position in the industry by developing this new service.
How Does the AABB Gold Token (AABBG) Work?
The team developed AABB Gold Token on the Ethereum blockchain using the ERC20 crypto standard. This means that AABBG can easily integrate with existing Ethereum-based applications and wallets.
The AABB Gold Token is not too different from a stablecoin. In fact, its creators pegged the token’s floor price to the market gold quote. Every token corresponds to 0.1 grams of gold, with a total supply of 5.4 cryptocurrency samples.
This system is similar to stablecoins, such as Tether (USDT). However, the AABB Gold Token has one key advantage with respect to USDT: it uses real, physical gold in its backing system.
Storing Your Cryptocurrencies in AABB Wallet
If you’re looking for a secure way to store your cryptocurrencies, AABB Wallet is a popular choice on the market. Asia Broadband Inc. (OTC: AABB) chose to add this product to its ecosystem, guaranteeing private transactions, in March 2021.
Aiming to be a secure way to handle funds, this wallet does not collect data. Its creators also mention an easy-to-use interface for this wallet to appeal to different levels of customers.
The wallet supports over 400 cryptocurrencies and guarantees compatibility with the iTransfer feature. This functionality will let you transfer funds via social media, e-mail, or SMS in a secure manner.
Using a PIN code and a passphrase enhances the security level of this wallet. Furthermore, AABB explains that all your transactions will be anonymous, hence invisible to third parties.
Trading the AABB Gold Token on the AABB Exchange
The AABB Gold Token is a digital asset that provides users with various benefits and advantages. The token has a link with physical gold, which gives it an intrinsic value. You may use it to make purchases, send money, or as a way to store value.
The AABB Gold Token ecosystem wishes to provide users with a complete set of tools for managing their tokens.
The AABB Wallet is the primary tool for managing these assets. The system allows users to securely store their tokens and track their balance and transactions. The wallet also enables users to send and receive payments in multiple cryptocurrencies.
The AABB Exchange is a platform that allows users to buy and sell AABB Tokens and hundreds of other coins. The system guarantees complete privacy and enhanced security through a PIN code and a passphrase.
The platform introduced a referral system with incentives for you to bring other people or businesses into the AABBG ecosystem. Anyone can join the exchange for free, and you’ll receive a 20% commission from transaction fees for your referrals. This system is active during the first month of trading.
The Introduction of PayAABB
PayAABB is the crypto payment gateway that will soon join the AABBG Token ecosystem. Using SSL certificates, Google 2FA, and Google Authenticator, this product has a security rating of 99.95%. Aside from that, the system employs in-house encryption.
The gateway can process international payments with fast execution. Setting up PayAABB is a straightforward procedure, as the company explained. You may use PayAABB as a mobile app or a plugin for your internet store.
The beauty of decentralization in the blockchain is the removal of intermediaries. PayAABB does not require any third-party approval to perform a transaction.
PayAABB will work on B2C and B2B transactions, allowing the phone-to-phone transfer of money.
Key Takeaways
The introduction of PayAABB in the AABBG Token ecosystem has the potential to increase the project’s market reach. This operation will give business owners and customers a new way to handle cryptocurrencies.
For more information, you may visit the project’s website and social media pages (Twitter, YouTube, and Reddit). These sources will help you discover more about how you can participate and help grow the AABBG community.