The Boom DeFi Ecosystem is a reliable, self-custodial platform that offers e-commerce solutions and promotes financial independence outside conventional banking systems.
Boom Technologies (“Boom”), a leading DeFi company and e-commerce platform catering to the unbanked, has officially launched its decentralized finance market infrastructure. This robust e-commerce solution is designed to empower individuals worldwide who lack access to traditional banking services.
The newly established ecosystem grants individuals and businesses a self-custodial method to fully engage in the global digital economy without relying on standard banking infrastructures.
Through this initiative, Boom initiates “The Unbanked Generation” movement—a perspective that is accessible to anyone seeking alternatives to traditional banking and neo-banking, promoting an unrestricted, inclusive, just, and instantaneous commerce experience.
This self-sustaining, decentralized ecosystem enhances all users’ financial independence through innovative technological solutions:
Boom SuperApp
is a comprehensive platform that enables safe online and offline transactions for goods and services. Now available in 52 cities globally, it allows users to perform peer-to-peer (P2P) payments, marketplace exchanges, and cross-border trade without needing a bank account.
Since its launch in July 2023, the Boom SuperApp has achieved over 100,000 downloads and has successfully onboarded more than 35,000 KYC-verified merchants.
BoomPay
serves as an online payment gateway that enables merchants to accept payments from customers without bank accounts at checkout, bridging the divide between digital and traditional commerce.
Boomswap
is a decentralized exchange (DEX) that leverages tokenized fiat currencies to facilitate immediate cross-border transactions.
The Boom DeFi Ecosystem is supported by an AI-driven credit scoring mechanism, which grants fair credit access to individuals and enterprises.
Naomi Bourgarel, Chief Product Officer at Boom Technologies, remarked, “We are not merely constructing an ecosystem but igniting a movement—a decentralized future where financial freedom and agility are rights accessible to all. With Boom, choosing to remain unbanked is now a viable option.”
About Boom
Boom represents a groundbreaking e-commerce platform for billions of consumers and businesses lacking access to the global financial network. Boom connects their considerable cash reserves to the global digital economy, allowing them to securely store, transfer, exchange, send, receive, and spend money for goods and services online while maintaining complete control over their finances.
The Boom ecosystem includes the Boom blockchain as the primary layer for payments and settlements, the Boom SuperApp and BoomSwap at layer 2 for exchanging goods, services, and values among merchants, consumers, and traders, utilizing Boomcoin, the native digital asset of the ecosystem, as the medium of exchange and foundational currency, along with the Boom Foundation, the ecosystem’s non-profit division which allocates Boomcoins for social initiatives.
Disclaimer: The information in this press release does not constitute an investment solicitation and should not be considered investment advice, financial guidance, or trading recommendations. Cryptocurrency mining involves risks and can lead to loss of funds. It is highly advisable to conduct thorough due diligence, including consulting a professional financial advisor, prior to investing in or trading cryptocurrencies and securities.
