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SILVER MINER MAKING INROADS INTO CRYPTOCURRENCY INDUSTRY WITH PLANS TO LAUNCH
NEW COIN

AllPennyStocks.com - AllPennyStocks.com - Wed Nov 20, 10:22AM CST


As the cryptocurrency industry continues to mature and prices of cryptos
continue to rally for a myriad of reasons, companies are capitalizing on this
burgeoning industry.



Today, Asia Broadband Inc. (OTC: AABB), a resource company focused on the
production of precious metals and the accumulation of physical gold holdings,
continued its pivot into the lucrative crypto space by announcing that they
recently began the planning and development of a new silver-backed
cryptocurrency token expected to be launched early next year.



The Company’s continued increases in quarterly silver production, along with
numerous silver market price growth fundamentals, led to management’s commitment
to create a new silver-backed token. World governments’ inflationary policies
and Samsung’s plans to mass produce a silver-based electric vehicle (EV)
batteries are just a few of the major demand influences that are expected to
drive a silver price rally for years to come. 



Furthermore, approximately half of the Company’s quarterly mining production is
silver, which will expand immensely when the new ore stockpile processing plant
begins throughput operations in Etzatlan, Mexico. AABB began the accumulation of
silver bullion from its production in the third quarter of this year to back the
new AABBS silver token release, in the same way as the Company created its
gold-backed AABBG cryptocurrency.



“With so many strong economic forces moving in the direction of higher silver
demand and prices, we are excited to prepare for the launch of our silver-backed
token at such a favorable and strategic time. Additionally, we will be ramping
up our production of silver and gold considerably when our new stockpile
processing plant begins operating at Etzatlan,” stated Chris Torres, AABB
President and CEO.



This pivot makes lots of sense, and investors appear to be agreeing with the
overall direction the company is going in with shares up close to 1% on the day,
although up almost 100% from their early-July lows.

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reliance thereon.

View the original article on AllPennyStocks.com


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