Asia Broadband Jumps on Cryptocurrency Adoption by Introducing AABBG in El Salvador

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Developing countries lack sophisticated financial systems to manage their currencies and are turning to cryptocurrencies as a legal monetary tender. A leader in that movement is El Salvador, which this month passed a bill adopting Bitcoin (BTC) as the nation’s legal tender. Asia Broadband, Inc. AABB is one company that has jumped on the El Salvadoran announcement by declaring its plans to use the country as a springboard to expansion in Central America with the introduction of its AABB Gold token (AABBG).  

Asia Broadband, a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets, recently released AABBG as its mine-to-token gold-backed cryptocurrency. The company will be targeting major Salvadoran retailers to engage in acceptance and processing agreements for customer purchases with the coin. 

The introduction of cryptocurrencies into countries such as El Salvador and Venezuela come as the U.S. dollar, once viewed as the most stable global currency, has suffered during the COVID pandemic as the Federal Reserve has vastly increased the number of dollars in circulation.  

“Central banks are increasingly taking actions that may cause harm to the economic stability of El Salvador. To mitigate the negative impact of central banks, it becomes necessary to authorize the circulation of a digital currency with a supply that cannot be controlled by any central bank and is only altered in accord with objective and calculable criteria,” El Salvadoran President Nayib Bukele said. 

Asia Broadband’s planned introduction of AABBG to El Salvador will include opening a satellite office in the country to eventually serve as its Central and South American hub for business development and marketing. 

El Salvador’s recent adoption of Bitcoin as the country’s legal tender has created a cryptocurrency-focused economy and what Asia Broadband believes to be a tremendous growth opportunity for AABBG and its AABB Wallet.  

Nearly 70% of El Salvador’s population of 6 million are without bank accounts or credit cards but do have cell phone and internet access across the country, allowing access to the AABB wallet. The company also points to the fact that more than 2 million Salvadorans living in the U.S. send approximately USD 5 billion annually to El Salvador, amounting to more than 20% of the country’s gross domestic product. 

Anticipating growth in the Latin American market, Asia Broadband is currently developing a Spanish language version of its AABB Wallet.  

For more information about Asia Broadband and its AABBG cryptocurrency and AABB Wallet, visit

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

Posted In: Asia BroadbandPartner ContentNewsPenny StocksCommoditiesMarketsGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.