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AABB is continuing its due diligence on several high potential property acquisitions in Mexico at Los Reyes and Acaponeta-Bonanza. The Los Reyes project is currently awaiting the second phase assays results from exploratory drilling samples and Bonanza is currently conducting the second phase of exploratory drilling and expects to have the assay results in the coming weeks. The Company is committed to ensuring the optimal allocation of development capital in deciding to acquire either property, which requires an extensive due diligence and evaluation period. However, this preliminary work will accelerate the operations advancement toward production subsequent to acquisition. The Company expects to have the necessary assessment information on both properties by September and will make the acquisition decisions at that time.

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After the first month of development, the Exchange completion timeline is on the planned path for testing in mid-August with the live Exchange launch expected in early September. The major development components planned for completion in the coming months are the cold wallet, web-versions of the wallet and Exchange, transaction fee mechanism, trade platform and reporting system.

The first month of the Exchange development centered around preparing the network, platform, design and algorithms. Some of the development highlights were as follows. The improvement and optimization of the network foundation was completed, adding additional visitor capacity. The blockchain network was upgraded to allow rapid two-way transfers from the blockchain to the wallet and also allow the efficient addition of other currencies to the Exchange. The design for the iOS, Android, and Web-version of the Exchange was completed. Updated versions of the iOS and Android applications were submitted for approval with new functionality and to increase the speed of mobile applications and add information capacity to the Exchange. The KYC protocols began the streamlining process for the Exchange to allow easier user completion and system acceptance.

One of the worlds leading gold producers recently commented about its precious metals sector and endorsed the importance of cryptocurrencies that are an exchangeable method of payment for purchases worldwide. The unique and pioneering mine-to-token qualities of the AABBG token have laid the foundation to become a worldwide standard of exchange that is secured and trusted with gold backing.

https://www.kitco.com/news/2021-05-06/Barrick-Gold-s-Mark-Bristow-on-how-to-out-flank-bitcoin.html

LAS VEGAS, May 11, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has achieved numerous development milestones in the initial month of building its proprietary cryptocurrency exchange (the “Exchange”). Subsequent to the recent launch of the Company’s AABBG gold-backed token, created with developer Core State Holdings, Corp. (CSHC), AABB’s own proprietary cryptocurrency Exchange version of AABB Wallet has been under development. The Exchange will allow AABB Wallet users to complete quick two-way exchanges of their AABB Gold tokens for major cryptocurrencies such as Bitcoin, Ethereum and Litecoin. The proprietary Exchange will also add tremendously to transaction fee revenues and allow for the price appreciation of AABBG, influenced by market demand and the limited supply of tokens released into circulation.

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El Salvador’s recent adoption of and movement toward Bitcoin as the country’s legal tender has created a cryptocurrency-focused economy and a tremendous growth opportunity for AABBG and the AABB Wallet. With a Salvadoran population of more than 6 million, approximately 70% are without bank accounts or credit cards but do have the cell phones and internet access required for digital wallet use. Additionally, there are more than 2 million Salvadorans living in the US that send approximately $5 billion USD annually to El Salvador—a figure amounting to more than 20% of the country’s GDP. These USD remittances are time consuming to send and receive and can cost up to 50% in total fees and services charges. Alternatively, the easy access, inexpensive and quick transfers of cryptocurrency through digital wallets will offer significant cost and time savings to the transacting parties and potentially provide hundreds of millions of dollars in economic benefits to El Salvador.

The business development program is designed to afford substantial commission and discount incentives for retailers and customers to fulfill transactions with AABBG and facilitate circulation expansion. The creation of a Spanish version of the AABB Wallet and upcoming exchange is planned with the AABBG developer and will be initiated as soon as possible. Also, AABB expects to open a satellite office in El Salvador in the near future to serve as the Company’s Central and South American hub for AABBG business development and marketing.

LAS VEGAS, June 15, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company is proceeding with plans to establish a presence in Central America and build a demand for the AABBG token in El Salvador. AABB will be targeting major Salvadoran retailers to engage in acceptance and processing agreements for customer purchases with AABBG.

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