Boom Launches Its DeFi Ecosystem to Lead the Unbanked Generation

Singapore, Singapore, Sept. 20, 2024 (GLOBE NEWSWIRE) — Boom DeFi Ecosystem is a secure, self-service platform offering e-commerce solutions and financial independence without traditional banking

Boom Technologies (“Boom”), a DeFi unicorn and provider of e-commerce solutions for the unbanked, announced the official launch of Decentralized Financial 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-directed approach to fully participating in the global digital economy without having to use traditional banking systems.

With this launch, Boom is launching the “Unbanked Generation” movement, a way of thinking open to all who seek an alternative to traditional banking and neobanking where trading is permissionless, inclusive, fair and instant.

A self-sufficient, decentralized ecosystem that maximizes the financial independence of all users through 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 make peer-to-peer (P2P) payments, market transactions, and cross-border trade without the need for a bank account.

Since its launch in July 2023, the Boom SuperApp has been downloaded over 100,000 times and over 35,000 merchants have passed KYC verification.

BoomPay is an online payment gateway that enables merchants to accept payments from unbanked customers at the checkout, bridging digital and traditional commerce.

Boomswap is a decentralized exchange (DEX) using tokenized fiat currencies, enabling instant cross-border transactions.
The Boom DeFi ecosystem is powered by an AI-generated credit scoring system that enables individuals and businesses to access fair credit.

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

About Boom
Boom is a revolutionary new world of unbanked e-commerce for billions of consumers and businesses who have no access to the global financial system. Boom connects their trillions of dollars of cash to the global digital economy, allowing them to safely store, move, exchange, send, receive, and spend it on goods and services online, while retaining full control over it.

The Boom ecosystem consists of the Boom blockchain as the first layer of payments and settlement systems, the Boom and Boomswap superapps on the second layer where goods, services, and value are exchanged between sellers, consumers, and traders using Boomcoin, the ecosystem’s native digital asset, as the medium of exchange and base currency, and the Boom Foundation, the ecosystem’s nonprofit organization that deploys Boomcoins for social purposes.

• Download the app at: https://boom.market/
• Add Boom Pay to your online store to collect online payments from unbanked customers at checkout: https://boom.market/solutions/boom-pay
• Trade and provide liquidity to your currency on: https://boomswap.org

Reservation: The information contained in this press release does not constitute a solicitation for investment, nor is it intended as investment advice, financial advice or trading advice. Cryptocurrency mining can be risky. There is a possibility of losing funds. It is strongly recommended that you conduct due diligence, including consulting a professional financial advisor, before investing in or trading cryptocurrency and securities.