Asia Broadband's Next-Generation AABB Wallet To Integrate Universal Payment Tools For Merchants

LAS VEGAS, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company is integrating universal payment tools for merchants into the new next generation AABB Wallet App as it nears completion. The primary payment tool is an integrated point of sale application that will be accessible in physical retail locations and provide low cost and rapid transaction processing with higher spending limits. The AABB Wallet development team, led by the Koinfold Cryptocurrency App group and KYN Capital, has been combining expertise to create an AI integrated and leveraged cutting-edge digital wallet built for cryptocurrency transactions. The new AABB Wallet is in the final stages of development and is being tested in preparation to submit to the Google Play and Apple App stores for approval for expected launch in the fourth quarter. Further details will be released in the coming weeks as they become available.

The new next generation AABB Wallet has been built as a leading Algorand wallet for multi-chain management powered by AI. Using advanced algorithms, its AI can analyze market trends and historical data to forecast potential price movements, helping traders make smarter decisions about when to buy or sell cryptocurrencies. By reducing the risk of losses and providing profit insights, this AI-driven approach aims to empower traders to navigate the crypto market transactions with confidence and success. Designed for users with diverse portfolios and DeFi activities across various blockchains, the new AABB Wallet offers a seamless user experience through features like WalletConnect and a browser extension, allowing all assets to be brought into one streamlined interface. Users can also customize their experience by adding unique ID’s, further enhancing their control and flexibility. With robust cross-chain capabilities and exceptional support for Algorand ASA’s, the new next generation AABB Wallet exemplifies and shines as the ideal multi-chain wallet.

"We are excited to bring our previously developed merchant payment development concepts and experiences to collaboratively integrate into the new next generation AABB Wallet as another feature of the unique, high level app with AI integrated features. The KOINFOLD team has been instrumental in creating innovative wallet tools for mass-market appeal and use through KYN Capital’s blue-chip relationship networks. We are striving to take our AABBG gold-backed token and digital assets business segment to the next level of expansion with the new AABB Wallet," expressed Chris Torres, AABB President and CEO.

About Asia Broadband

Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production of precious metals and the accumulation of physical gold holdings. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate the expansion of precious metals property holdings and production in Mexico. The Company's industry and business integration in Mexico and its asset diversification are unique strengths of AABB that differentiate it from other companies and creates distinctive value for shareholders. Additionally, the Company has a digital assets business segment with its AABBG mine-to-token gold-backed cryptocurrency within its own proprietary AABB Wallet and the unique Golden Baboons Mining Club and Shorts Rascal Club Non-Fungible Token (NFT) collections. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies and digital asset developers.

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Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.