Asia Broadband Inc. (OTCMKTS:AABB) Stock Sees Buying At Lower Levels: Good Time To Buy Now?
Asia Broadband Inc. (OTCMKTS:AABB) jumped 30% last week after the company announced that it would use El Salvador, which adopted a bull last month permitting BTC as a legal tender, as a springboard to expand in Central America with the launch of the AABB Gold token. The company released AABBG recently, which is mine-to-token gold crypto.
Asia Broadband will target Salvadoran retailers engaging in processing and acceptance of payment using the AABBG token. In addition, the planned expansion in El Salvador includes opening a satellite office in the country serving as a South and Central American business development hub.
The company will create a Spanish version of its AABB wallet with an upcoming exchange planned with the AABBG developer expected to be initiated soon. El Salvador presents a massive opportunity considering over 70% of the 6 million Salvadorans don’t have access to credit cards or bank accounts but can access the internet and cell phones that digital wallets can use. So in the coming months, AABB is a stock to watch.
Market Reaction:
On Friday, AABB stock jumped 8.35% at $0.1440 with more than 48.22 million shares, compared to its average volume of 22.85 million shares. The stock had moved within a range of $0.1370 – 0.1590 after opening the trade at $0.1380. Over the past 52-week, the stock has been trading within a range of $0.0025 – 0.6447.
