LAS VEGAS, Dec. 08, 2020 (GLOBE NEWSWIRE) — Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that the Company has signed a definitive development agreement with Core State Holdings, Corp., a digital assets and crypto wallet creator, to produce a white label gold-backed cryptocurrency coin. AABB has launched the development process with Core State to plan the details of the design, branding, implementation and milestone events schedule for the gold-backed crypto coin. Viewed as a revenue diversification and awareness project that will create liquidity and monetize gold production, the Company is excited to collaborate with Core State’s expert cryptocurrency team and will release further details of the gold-backed crypto coin project as development objectives are achieved.
Core State Holdings, Corp. designed and developed the crypto currency PTPWallet. Through extensive research, it is considered to be one of the most advanced wallets available in the crypto sector today. The PTPWallet platform, since 2019, has processed over 220,000 visitor transactions; with a large demand for the platform shown by medium and large-sized businesses. Since launched in February of 2019, the platform’s advanced security has never been compromised. The key features and benefits of the PTPWallet are: instant transactions, anonymous internal transactions, loyalty and referral programs, strong infrastructure, and ease of use.