After successfully launching AABB Gold (AABBG), a gold-backed, mine-to-token, Asia Broadband Inc. is preparing to launch PayAABB, a crypto payment gateway. This service expands the company’s ecosystem of crypto solutions, which already comprises a cryptocurrency exchange and a crypto wallet.
PayAABB will launch as early as June, and it will enable merchants to accept crypto payments in-store and online. Most importantly, it will allow businesses to attract more customers by diversifying their payment options.
Why Crypto Gateways Are the Future of Payments
A recent survey from Visa reveals that nearly 24% of small and medium businesses are ready to accept crypto payments. This figure represents a staggering increase from a few years ago when crypto-embracing companies were a one-digit minority.
Times have changed, and crypto payments are steadily building their credibility as businesses discover their many benefits. For instance, a cryptocurrency payment gateway should make transactions simpler, safer, and more transparent. Also, it should enable large capital transfers to complete faster and for lower fees.
Additionally, crypto payments rely on blockchain technology, setting new security standards in the financial world. As part of this technological revolution, cross-border payments and peer-to-peer transactions have become safer and more widely available. Moreover, it eliminates the requirement for intermediaries or trustworthy third parties. As a result, they make transactions faster, cheaper, and available 24/7 for 365 days a year.
A reliable crypto payment processor will enable crypto holders to pay crypto-accepting merchants via a cryptocurrency of choice. Businesses will be able to receive these payments and instantly convert them to fiat currencies through a crypto exchange.
The only issue is that, currently, crypto payments are gaining mainstream adoption faster than businesses can understand how they work. As a result, many merchants get left behind in this natural step in payment evolution. This is where a reliable, all-encompassing crypto payment gateway can help educate business owners. Or at least, it could make cryptocurrency payments seamless enough for them not to worry about understanding the mechanics behind the process.
How PayAABB Will Work
Asia Broadband, Inc. (OTC: AABB) is a resource company focusing on producing, supplying, and selling precious and base metals. Recently, the company has set a firm foot in the crypto market by launching a gold-backed token, a cryptocurrency exchange, and a crypto wallet.
The company’s imminent crypto payment gateway, PayAABB, will connect with the rest of the AABB solutions to provide a highly lucrative tool for both businesses and customers.
PayAABB will enable them to send and receive payments in hundreds of digital coins. Alternatively, users can choose to pay or receive payment in only a handful of cryptocurrencies or even just one.
PayAABB comes with a jam-packed suite of features and benefits. For instance, it supports cross-border transactions and instant payments. Customers will be able to pay with the tap of a button via the app or through social messengers, email, SMS, and QR codes.
Businesses using PayAABB will be able to convert crypto payments into fiat currencies instantly, thanks to Asia Broadband’s proprietary crypto exchange. This solution supports 380 crypto assets and 60 trading pairs.
PayAABB also supports real-time transactions, which means funds will not suffer from the intense crypto market volatility. And, since it doesn’t require the approval of third parties and intermediaries, transactions will involve smaller fees.
Lastly, PayAABB will be easy to integrate even by the least savvy entrepreneurs and business owners. This crypto payment gateway has a quick and easy setup process without requiring hardware. Users can simply add it as a plugin and start receiving crypto payments shortly. Most importantly, it is compatible with any operating system. Therefore, it does not require businesses to invest in additional software systems.
Once they have it up and running, businesses can participate in loyalty programs to reduce their customer turnover.
The AABB Ecosystem of Crypto Solutions
Asia Broadband Inc. (OTC: AABB) is a US-based company producing, supplying, and selling precious and base metals. Its focus is on the Asian markets. However, it aims to expand its range by incorporating new technologies and diversifying its services. Currently, the company holds over $100 million in assets, a 500% increase from last year.
AABB’s foray into the crypto industry started in 2021 with the release of the AABB Gold token (AABBG), an ERC-20 token 100% backed by physical gold.
AABBG is a limited-supply, hybrid cryptocurrency introducing the Mine-to-Token gold-backing concept to the industry for the first time. Those who invest in it gain full ownership over the corresponding gold ounces backing the entire supply of 500 million AABBG tokens. As of November 2021, the company recorded over $1.1 million in token sales.
AABBG is an ERC-20 token, which means holders can store it in any Ethereum-compatible wallet. However, they can also safeguard their gold-backed tokens in Asia Broadband’s proprietary crypto wallet, the AABB Wallet. The company released this crypto storage feature simultaneously with the AABBG token.
In late 2021, Asia Broadband released the AABBG Exchange, providing token holders with easy access to liquidity. Also, it enables them to trade in popular cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, PerksCoin, Dash, Cardano, EOS, Tron, and IOTA.
The upcoming PayAABB crypto payment gateway will enable B2C and B2B companies to accept crypto payments. Also, it will provide customers with the iTransfer feature, allowing them to send AABBG and other cryptos by email, SMS, or social media messengers.
Asia Broadband plans to become a global leader in providing high-quality, secure, and transparent gold-backed solutions in and beyond the crypto market.