Boom DeFi Ecosystem is a secure, self-custodial platform offering e-commerce solutions and financial autonomy without traditional banking services
Boom Technologies (“Boom”), a DeFi unicorn and e-commerce provider for the unbanked, announced the official launch of its Decentralized Financial Market Infrastructure, a secure and comprehensive e-commerce solution designed to empower the global unbanked and underbanked population.
The new ecosystem offers individuals and businesses a self-managed approach to fully participate in the global digital economy without relying on traditional banking systems.
With this launch, Boom creates “The Unbanked Generation” movement, a mindset open to all those looking for an alternative to traditional banking and neo-banking, where commerce is permissionless, inclusive, fair and instantaneous.
The autonomous and decentralized ecosystem maximizes the financial autonomy of all users thanks to its innovative technologies:
Boom SuperApp is an all-in-one platform that facilitates secure online and offline transactions for goods and services. Already adopted in 52 cities worldwide, it allows users to make peer-to-peer (P2P) payments, marketplace transactions, and cross-border trade without the need for a bank account.
Since its launch in July 2023, Boom SuperApp has seen over 100,000 downloads, with over 35,000 KYC verified merchants onboarded.
BoomPay is an online payment gateway that allows merchants to accept payments from unbanked customers at checkout, bridging the gap between digital and traditional commerce.
Boom Exchange is a decentralized exchange (DEX) that uses tokenized fiat currencies to enable instant cross-border transactions.
The Boom DeFi ecosystem is powered by an AI-generated credit scoring system that provides access to fair credit for individuals and businesses.
Naomi Bourgarel, Chief Product Officer at Boom Technologies, said: “We are not just building an ecosystem, but a movement, a decentralized future where financial freedom and agility are a right, not a privilege. With Boom, not having a bank account is now a choice.”
About Boom
Boom is a revolutionary new world of unbanked e-commerce for the billions of consumers and businesses who lack access to the global financial system. Boom connects their trillions of dollars of cash to the global digital economy, allowing them to securely store, move, exchange, send, receive and spend goods and services online, while maintaining complete control.
The Boom Ecosystem consists of the Boom Blockchain as the Layer 1 payment and settlement rails, the Boom Superapp and Boomswap on Layer 2 where goods, services, and value are exchanged between merchants, consumers, and traders with Boomcoin, the ecosystem’s native digital asset as the medium of exchange and base currency, and Boom Foundation, the ecosystem’s non-profit arm that deploys Boomcoins for social good.
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