I hope the dramatic decline of the entire cryptocurrency market will not affect the plans of the BABB team? In my opinion, this is really one of the most developed and promising projects for attracting the non-banking population to the payment market.

Check out Babb's latest progress report for details of all theirr recent progress PLUS sneak peeks of some of the changes they're about to make...
https://medium.com/@BABB/progress-report-7-14-08-18-ce8235cba25a

Yes, it will. That's how you'd be able to use your BAX tokens.
With regards to what currency, that will depend on the licenses gained.

Crypto doesnt deserve the etf. It's still a shady market with lots of manipulation and too unregulated. It's not the time for institutional money. It's time for slow adoption of products by consumers. Then, institutional money will come.

I do agree with you on that one.but i think at the end of the day people will need the utility for the day to day transaction.i doubt if the security token can be used for day to day like the utility,i might be wrong on that issue

I will look into the whiteppaer to learn more about the project. At the first glance, it looks interesting.

Getting a banking licence is not a necessity for BABB, it's their preference. BABB intends to apply formally for a banking license very soon. Receiving a banking license will enable BABB to take deposits and conduct treasury management on those funds allowing an additional revenue source. BABB has many options for a partner banks across Europe if it does not obtain a banking licence in the UK or Europe in 2018. If BABB has any issues with a partner bank in the UK, it has many options in Europe where BABB can hold segregated accounts.

Hey Guys!

Curious about what the BABB team has been up to? Check out the latest Medium blog post on what comes next following the successful completion of the Equity Crowdsale: https://medium.com/babb/equity-crowdsale-whats-next-5cea62a0b045

Banking license application deep dive

Hey guys.
Check out the latest deep dive post fro, the BABB team.
This post is the second in a new series of deep dives into the different areas of activity within BABB. This week, we focus on the banking license application, and Annie caught up with Paul to find out how it’s going - https://medium.com/babb/banking-license-application-deep-dive-2839aa70f213