ABBC is an Association Bank made up of seventy-nine banks and financial institutions which are based in sixty-eight countries across the globe. ABBC coin is a highly secure and highly convenient way of payment with a unique off-chain digital ledger solution. This is done through the use of off-chain transaction methods such as encrypted off-block chain trades and smart contracts. With this technological innovation, transactions between individuals and institutions are greatly enhanced and simplified.
The ABBC coin project was initiated by the Swiss Bank Corp. in 2021. ABBC is planning to use the Zerocoin protocol to issue the first coins to its members in late 2021. The goal is to make the coin easy to buy and sell while still providing superior performance to the consumer. It will be the first digital currency that is able to fully leverage off the power of the distributed ledger technology.
The following sets forth certain information regarding the company`s mission and vision for the future. The ABBC Team at the moment consists of seventy-two individuals from eighteen different nationalities including twenty-six individuals from India, twenty-three from France, fifteen from Spain, twelve from Belgium, six from Chile, four from the United Kingdom, three from New Zealand, two from Singapore, one from Australia and one from Vietnam. The firm`s executive team comprises fifteen individuals from Switzerland, ten from Canada, eight from Mexico, four from the United States, two from Singapore, one from Italy and one from China. As of the moment, Blythe Capital Markets, a publicly traded professional short seller group is currently holding a majority of the tokens.
The token will function as the fuel that drives the future of the ABBC Coin project. Its primary function will be to act as a transactional vehicle that will aid in the safe and convenient transfer of money both domestically and internationally. This will be achieved by providing individuals with a completely digital means to store, manage and secure their wealth. Once, the ABBC token gains widespread usage throughout the various corners of the global marketplace, it will allow for individuals to effectively bypass the existing obstacles that surround the contemporary financial industry.
The developers at ABBC are presently working on the development of an open source software platform that will allow for a smooth and simple transition from the current platform to the new one once the general market launch is complete. This software platform will likely function similarly to the current Forex Megadroid trading platform. The developers will be able to integrate all of the functions and features of the current Forex platform into the ABBC Coin software platform. In addition to being compatible with all of the current trading platforms, the platform will also be able to support the upcoming Flexpay platform, which is expected to launch in mid-2021. Flexpay will offer consumers an extremely easy means to make secure online transactions without incurring any additional transaction fees.
ABBC investors will be able to utilize their funds in a very cost effective manner once the new marketplace begins operation. The Facial Recognition Technology will make it possible for individuals to easily recognize an individual by their facial characteristics. The ABBC platform will be able to provide individuals with the ability to conduct all of their financial business transactions by simply using their face as their virtual card. With the new automated clearinghouse service that is included in the ABBC tokens, investors will no longer need to concern themselves with potentially losing money due to exchange rate fluctuations. The tokens will be issued at a predetermined exchange rate, which will always remain below the rates that are charged by the current traditional Forex exchanges.