Boom Launches its DeFi Ecosystem To Lead the Unbanked Generation

Boom
DeFi
Ecosystem
is
a
secure,
self-custodial
platform
providing
e-commerce
solutions
and
financial
autonomy
without
traditional
banking

Boom
Technologies
(“Boom”),
a
DeFi
unicorn
and
e-commerce
provider
for
the
unbanked,
has
announced
the
official
launch
of
its
decentralised
finance
market
infrastructure,
a
secure
and
comprehensive
e-commerce
solution
designed
to
empower
the
world’s
unbanked
and
underbanked
population. 

The
new
ecosystem
offers
individuals
and
businesses
a
self-custodial
approach
to
full
participation
in
the
global
digital
economy
without
the
need
for
traditional
banking
systems.

With
this
launch,
Boom
creates
“The
Unbanked
Generation”
movement,
a
mindset
that
is
open
to
everyone
that
is
seeking
an
alternative
to
legacy
banking
and
neo-banking,
where
commerce
is
permission-less,
inclusive,
equitable
and
instant.

The
self-sustaining,
decentralised
ecosystem
maximises
all
users’
financial
autonomy
through
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
enables
users
to
conduct
peer-to-peer
(P2P)
payments,
marketplace
transactions
and
cross-border
trade
without
requiring
a
bank
account. 

Since
its
launch
in
July
2023,
the
Boom
SuperApp
has
recorded
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. 

Boomswap is
a
decentralized
exchange
(DEX)
that
utilizes
tokenized
fiat
currencies
to
enable
instant
cross-border
transactions. 

The
Boom
DeFi
Ecosystem
is
underpinned
by
an
artificial
intelligence-generated
credit
scoring
system,
that
provides
access
to
fair
credit
for
individuals’
and
businesses.

Naomi
Bourgarel,
Chief
Product
Officer
at
Boom
Technologies,
commented,
“We
are
not
just
building
an
ecosystem
but
a
movement,
a
decentralized
future
where
financial
freedom
and
agility
is
a
right,
not
a
privilege.
With
Boom,
being
unbanked
is
now
a
choice.”

About
Boom

Boom
is
a
revolutionary
new
world
of
e-commerce
without
banking
for
the
billions
of
consumers
and
businesses
with
no
access
to
the
global
financial
system.
Boom
connects
their
trillions
of
dollars
worth
of
cash,
to
the
the
global
digital
economy,
enabling
them
to
securely
store,
move,
exchange,
send,
receive
and
spend
it
on
goods
and
services
online,
while
maintaining
full
control
of
it.

The
Boom
ecosystem
consists
of
the
Boom
blockchain
as
the
layer
1
payments
and
settlement
rails,
Boom
superapp
and
Boomswap
at
layer
2
where
goods,
services
and
value
are
exchanged
between
merchants,
consumers
and
traders
with
the
Boomcoin,
the
ecosystem’s
native
digital
asset
as
the
medium-of-exchange
and
base
currency,
and
Boom
Foundation,
the
ecosystem’s
non-profit
arm
which
deploys
Boomcoins-for-social-good.

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information
provided
in
this
press
release
is
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a
solicitation
for
investment,
nor
is
it
intended
as
investment
advice,
financial
advice,
or
trading
advice.
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for
loss
of
funds.
It
is
strongly
recommended
you
practice
due
diligence,
including
consultation
with
a
professional
financial
advisor,
before
investing
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or
trading
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and
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