Asia Broadband Inc (OTCMKTS:AABB) is back in focus among investors this morning and has managed to clock gains of 5% so far after the company announced its plans to takes its crypto token to El Salvador.
Asia Broadband revealed that it is looking to expand its footprint into Central America and hence, it is looking to create demand for its cryptocurrency token AABBG in El Salvador. The company is looking to work with some of the bigger retailers in the country for accepting AABBG as a mode of payment.
It is a significant development for the company and the optimism among investors following the announcement is understandable. Asia Broadband is going to design its initiative in such a way that retailers are able to generate considerable commissions and offer incentives to its customers. In order to ensure the success of the program, the company is also looking to create a Spanish version of its AABB wallet.