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