11
CoinCake - Crypto Currency Tracker logo CoinCake - Crypto Currency Tracker logo
Seeking Alpha 2023-01-18 15:10:58

Asia Broadband advances its crypto expansion in Central America's bitcoin hub

Asia Broadband ( OTCPK:AABB ) stock perked up 9% in Wednesday morning trading as the company noted the progress in expanding its cryptocurrency business in Central America with a focus on integrating operations within El Salvador's so-called Bitcoin ( BTC-USD ) City. It has held talks with numerous commercial interests in El Salvador, which became the first country to make bitcoin ( BTC-USD ) legal tender in September 2021, and expects to finalize terms of several deals to accelerate business development and establish an operational presence in Bitcoin City, it said. “We have been moving forward tremendously over the past year to build out our digital assets operations in Central America and Bitcoin City is a key path to our expansion," said Asia Broadband President and CEO Chris Torres. "Our exploration of opportunities in the area has led us to consider interests in geothermal powered cryptocurrency mining," he added. Note AABB in 2021 established a corporate presence subsidiary and satellite office in El Salvador to serve as the company's Central and South American operations hub. In September 2022, Asia Broadband launched a crypto payment gateway solution .

N/A
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.