As we all know, inflation is one of the most critical factors in our economy. It drives up prices and makes it difficult for us to save money.
What many people don’t realize is that inflation can also have a significant impact on our ability to make payments. When prices go up, the value of our money goes down. This means that, over time, it takes more and more money to make the same payment.
With the economy facing a period of higher-than-usual inflation, many investors are turning their attention to gold. The AABB Gold Token is a project offering a gold-backed cryptocurrency that has grown in popularity over the last quarters.
The company behind this initiative, Asia Broadband Inc. (OTC: AABB), has recently announced the imminent launch of PayAABB. As the management explained, this product will enable B2B and B2C crypto payments in a secure manner.
Gold as a Way to Protect Your Investments from Inflation
Throughout history, gold has been famous as a form of currency, jewelry, and investment. Investors typically use gold as a hedge against inflation or economic uncertainty.
During periods of inflation, the purchasing power of gold often increases as the value of paper currencies decreases. For example, from 1965 to 1980, the US dollar lost over half its value against gold.
Gold is also a popular investment during periods of economic uncertainty. Many investors view gold as a safe haven asset that can protect against stock market volatility and currency fluctuations.
Investors typically purchase gold through ETFs, mutual funds, or directly from bullion dealers. The recent trend of gold-backed cryptocurrencies is changing how this market works, as we explain in the following section.
The Launch of Gold-Backed Cryptocurrencies
One type of cryptocurrency that has been gaining popularity is gold-backed tokens. As the name implies, these cryptocurrencies use a peg system with the price of gold. How does this happen? In simple terms, you should imagine the link of a gold amount for each of these tokens.
Gold-backed cryptocurrency has several advantages over other types of cryptocurrency. First, it is more stable than other cryptocurrencies since it uses a physical asset to protect its value. Second, investors tend to trust this asset more due to the long history of gold.
Third, gold-backed cryptocurrencies are a way to buy goods and services just like traditional money. You may see these tokens as stablecoin, another popular form of crypto that businesses use in transactions.
What Is the AABB Gold Token (AABBG) Project?
The AABB Gold Token (AABBG) project aims to allow users to buy, hold, and trade gold on a decentralized exchange. The AABB Gold Token runs on the Ethereum blockchain and uses the ERC-20 token standard.
The AABB Gold Token aims to provide a more efficient and secure way to buy, hold, and trade gold. In the AABB Gold Token team, we find experienced professionals in blockchain technology, digital asset management, and gold trading.
The project has a growing ecosystem, where we can find the following products:
- A proprietary exchange (or “AABB Exchange”).
- A crypto wallet (or “AABB Wallet”).
- A crypto payment gateway (or “PayAABB”) will go live soon.
The AABB Exchange is a good platform for those looking to trade their cryptocurrencies. With its user-friendly interface and top-notch security features, you can be sure that your transactions will run smoothly and securely.
Moreover, as the company explained, you can enjoy competitive rates when you trade with the AABB Exchange.
AABB Wallet is another essential pillar in this ecosystem. Here are some of the benefits that have made it so popular:
- Security: AABB takes data security seriously, and their digital wallet is no exception. All data use encryption, and the company stores it securely on its servers.
- Convenience: The AABB Wallet is accessible from any internet-connected device, making it convenient for users.
- User-friendly: The AABB Wallet’s developers explained that they always have the user in mind. The system is easy to use and navigate, even for those who are not tech-savvy.
The latest introduction in this ecosystem is PayAABB, a way that will soon enable crypto payments in over 400 coins.
You can link your PayAABB account to your AABB Exchange account (and vice versa).
A third-party agreement is not necessary because of the blockchain’s decentralization.
This product has a security rating of 99.95 percent, thanks to SSL certificates, Google 2FA, and Google Authenticator. It also includes built-in encryption.
With this new payment gateway, international transactions can be quick and efficient. Furthermore, Asia Broadband Inc. (OTC: AABB) promises that setting up this process will be easy for every business.
What Can We Conclude on AABBG and PayAABB?
Asia Broadband Inc. (OTC: AABB) is a publicly-traded company with a long experience in mining and processing precious metals. The recent introduction of PayAABB is only the latest example of this strategy.
Disclaimer: The ‘Crypto Cable’ section features insights by crypto industry players and is not part of ZyCrypto’s editorial content. ZyCrypto does not endorse any company or project on this page. Readers should conduct their own independent research before taking any actions related to the company, product, or project mentioned in this piece.