LAS VEGAS, September 20, 2021 (GLOBE NEWSWIRE) – via InvestorWire – Asia Broadband Inc. (OTC: AABB) (âAABBâ or the âCompanyâ) is pleased to announce that the Company has reached the final stages of development in preparation for the upcoming launch of the proprietary cryptocurrency exchange (the âExchangeâ) within the portfolio. AABB. With over 14,000 downloads from AABB Portfolio users and 260,000 lines of development code written, the size and reach of the Exchange project has grown significantly in recent months. Many new features and capabilities have been added to expand functionality, usability, add-ons, and market penetration including web version, Spanish version and a new Exchange website. Therefore, Exchange will be launched as a phased implementation over the next few weeks. AABB management and the development team are delighted to have reached this advanced stage of the Exchange project in anticipation of the upcoming launch.
The newly created BCGateway platform forms the basis of the Exchange. A large concentration of development time has been spent building and improving the network and BCGateway to enable the transfer of an increasing number of cryptocurrencies to the new platform. BCGateway will stimulate additional transactions by enabling reduced blockchain gas fees for all currencies and increase the speed of deposits, withdrawals and internal transactions.
Additionally, AABBExchange.com company’s new Exchange website is under development and is almost complete. The user interface of the trading terminal with an interactive demonstration and other components of the website are in the final stages to be released.
In recent months, the company has continued with plans to establish a presence in Central America and create demand for the AABBG token and exchange in El Salvador. The AABB management team has made several trips to El Salvador and is in the process of establishing a local subsidiary to facilitate the opening of a satellite office that will serve as the company’s hub in Central and South America for the business development and marketing of AABBG and Exchange. The AABB wallet and exchange have been very well received by the local business community in El Salvador, validating the company’s business plans in the country and its expansion into the Latin American market. The company has targeted major Salvadoran retailers to enter into customer purchase acceptance and processing agreements with AABBG and the use of Exchange. The business development program is designed with substantial commission and discount incentives for retailers and customers to transact with AABBG, facilitate the expansion of circulation and use of the exchange.
About broadband in Asia
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily in Asian markets. The Company uses its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process, from the production and supply of precious and base metals in Mexico to customer sales networks in Asia. This vertical integration approach to sales transactions is AABB’s unique strength that differentiates the Company and creates distinctive shareholder value. Additionally, the company recently released its AABBG token mine gold-backed cryptocurrency and is developing its own proprietary digital exchange. The AABB expects its token to become a stable, secure and reliable global trading standard with gold backing, while having the added benefit of demand-driven price appreciation. These are unique and exceptional qualities compared to other cryptocurrencies.
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Forward-looking statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current opinions expected of Asia Broadband Inc. (the âCompanyâ) regarding the business of the Company. , which are subject to uncertainty and change. The operations and results of the Company could differ materially from what is expressed or implied by the statements made above as industry, regulatory, market and competitive circumstances change. Further information on these risks can be found in the annual and quarterly information that the Company has published on the OTC Markets website. The Company has no obligation to update or change its forward-looking statements to the extent that future circumstances, events and information may change.
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