The Asia Broadband Inc (OTCMKTS:AABB) stock has continued its scorching rally this morning and has gone up by 12% to takes its gains for the past week to 55%.
The rally in the stock has been largely driven by the announcement from the company with regards to the considerable progress it has made in the development of its proprietary crypto exchange. The announcement was made soon after Asia Broadband launched its own gold backed cryptocurrency named AABBG.
The upcoming exchange is going to allow those who hold AABBG tokens to perform two-way exchanges with some of the biggest cryptocurrencies in the world. It should be noted that the users need to have an AABB Wallet as well in order to participate. Some of the cryptocurrencies to be available on the exchange are Litecoin, Bitcoin, and Ethereum among others. The exchange is expected to generate considerable revenues in the form of transaction fees for Asia Broadband and could also lead to a rise in the price of AABBG.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.