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Author Topic: [ANN][SOLD OUT] BABB - Bank Account Based Blockchain  (Read 27614 times)
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November 02, 2017, 04:09:30 PM
Last edit: April 18, 2018, 10:43:52 AM by thehun
 #1



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November 02, 2017, 04:40:15 PM
 #2

reserved


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November 02, 2017, 04:56:30 PM
 #3

Which UK bank do you have a cooperation with? I couldn't find it out from your website.
Is the Babb App Ltd (07391093) is the company behind this project?

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November 02, 2017, 08:16:16 PM
 #4

Sweet! I've been looking forward the presale. I like what you guys are doing.
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November 02, 2017, 08:17:01 PM
 #5

Which UK bank do you have a cooperation with? I couldn't find it out from your website.
Is the Babb App Ltd (07391093) is the company behind this project?

Yes, that's the company, which is already an Authorized Payment Institution. BABB is currently pursuing a UK bank license with the FCA.


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November 02, 2017, 11:16:37 PM
 #6

Learn about BABB and how it is going to change the world in this 5 minute video!

https://www.youtube.com/watch?v=7roMDZaRBLY&feature=youtu.be
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November 03, 2017, 04:21:53 AM
 #7

With the BABB app, you can open a UK bank account from anywhere in the world by taking a selfie and saying a passphrase

Is this possible?
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November 03, 2017, 05:52:44 AM
 #8

With the BABB app, you can open a UK bank account from anywhere in the world by taking a selfie and saying a passphrase

Is this possible?

I was also amaze on this concept but they didn't put a detailed explanation how it works but maybe they will publish it on their whitepaper.

If this is possible then this project will play a big part on crypto.

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November 03, 2017, 06:19:46 AM
 #9

With the BABB app, you can open a UK bank account from anywhere in the world by taking a selfie and saying a passphrase

Is this possible?

In response to this, the selfie and voice print is actually just the first tier of the Social KYC for BABB. You would have access to some services but not all. If you want to fully unlock all services, then you would need to submit a government issued ID.
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November 03, 2017, 12:18:39 PM
 #10


Hey guys,

Get to know the story behind this unique and amazing project!

https://medium.com/@BABB/babb-chapter-one-how-it-all-started-6a40d8ba4c89

I recommend you to stay tuned to their Medium blog and Twitter account for other great stories and news!
 
https://medium.com/@BABB
https://twitter.com/getbabb


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November 03, 2017, 12:39:12 PM
 #11

Where is link for  download BABB App Huh

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November 03, 2017, 12:52:08 PM
 #12

I wish the app was out already, i'm also very excited about it.
But i guess all we have left, is to look forward to their presale and get a little taste of their upcoming amazing app (https://getbabb.com/babb-appCheesy

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November 03, 2017, 12:57:22 PM
 #13

waiting for app release
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November 03, 2017, 01:12:27 PM
 #14

UK bank account
Minimum deposit balance
account maintenance fee
deposit insurance system

Can you explain those details?
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November 03, 2017, 01:26:33 PM
 #15

working with the UK bank is a wonderful thing, it seems that this project is very potential for success in the future

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November 03, 2017, 02:39:08 PM
 #16

UK bank account
Minimum deposit balance
account maintenance fee
deposit insurance system

Can you explain those details?

Hello kamiyama, thank you for those great questions.

- You can open an UK bank account regardless of your country and nationality, as long as it's not a sanctioned country.
- All that is necessary is that you provide identity information. Whether banks do it or not has to do with their own risk policies and their costs for validating your information.
- We do not expect to institute any minimum deposit balance.
- We do not expect there will be any maintenance fee for ordinary accounts, although we reserve the right to assess that for accounts above a certain amount.
- As a UK Bank, we will be able to offer protection to our customers deposits under the Financial Services Compensation Scheme (FSCS).
- But more importantly, we run a full reserve, we don't lend out our customers' money, so we are not subject to risks from running a fractional reserve like other banks do.
- Regarding ability to open bank account - there are limits of course. If all we have is your name and photo and no ID, there are limitations on the amount held and transacted. But we CAN open the account within those limits.


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November 04, 2017, 05:59:07 AM
Last edit: November 04, 2017, 06:10:33 AM by karmakeddon
 #17

working with the UK bank is a wonderful thing, it seems that this project is very potential for success in the future

Well yes. Not a lot of people have a banking account, and with that, it is very hard to keep track of your spending or savings. With BABB, they are making it easier for people who never had any bank accounts to open one and start saving.

Does this team have experience?

If you look closely, most of the team have a lot of experience in the financial sector. Adam Haeems was working with Merrill Lynch before, which is a very big multinational financial institution. Jorge Pereira brings the blockchain experience to the table.
Thenik87
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November 05, 2017, 12:04:19 AM
Last edit: November 05, 2017, 12:30:17 AM by Thenik87
 #18

Hi Everyone!

Over the next few days, I'm going to post some great articles from BABB. They are very quick, but contain great information!

To kick things off, check out Rushd Averroes' article on how things got started!



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November 05, 2017, 12:20:26 AM
 #19

There's been an article posted talking about the BABB team's upcoming roadshow - they'll be travelling to a number of destinations to talk and answer questions. Anyone looking forward to catching them?

https://medium.com/@BABB/announcing-babb-team-roadshow-c945a9df2c42

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November 05, 2017, 05:58:58 AM
 #20

Hey everyone, I found this video on Youtube - https://www.youtube.com/watch?v=VNT7lvIC5k4

Rushd and Jorge from BABB speak about their beginnings, they also speak about the vision they have for BABB and how you can get involved in the Blockchain based bank they are creating. There are many limits for people who don't have access to a bank account. With BABB all you need is a smartphone and you can set up a UK bank account. In Indonesia alone, approx 170 million adults categorized as unbanked. BABB offers a solution for them. I'm excited for they are creating.
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