[September 20, 2024] Boom Launches its DeFi Ecosystem To Lead the Unbanked Generation Tweet Singapore, SG, Sept. 20, 2024 (GLOBE NEWSWIRE) — 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 ateway that allows merchants to accept payments from unbanked customers at checkout, bridging the gap between digital and traditional commerce.
* **Decentralized Exchange (DEX):** Boomswap operates on a peer-to-peer network, eliminating the need for intermediaries like banks or brokers. This allows for faster, cheaper, and more transparent transactions. * **Tokenized Fiat Currencies:** Boomswap uses tokenized fiat currencies, which are digital representations of real-world currencies.
Add Boom Pay to your e-store to collect online payments from unbanked customers at checkout: https://boom.market/solutions/boom-pay Trade and provide liquidity for your currency at: https://boomswap.org Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining can be risky. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Naomi Whitney Boom nw at boom.market [ Back To TMCnet.com’s Homepage ]
