BOOM Berths With Mission To Enable Financial Inclusion For Nigerians

Posted on September 29, 2022

Boom has announced that its blockchain powered e-commerce without banking application is now live and available to all Nigerians from Saturday 1 October.

The Boom application can be downloaded for free in both IOS and Android in the Apple Appstore and Google Play store respectively.

Boom is available in Hausa, Igbo and Yoruba in addition to English, French and Spanish.

Boom’s eco-system consist of the following:

• Boom Marketplace, where consumers discover products and services from local, national and global brands and merchants. On Boom, we are all merchants;

• Boom Wallet, for sending, receiving and storing money, as well as paying for goods and services, locally, nationally and internationally;

• Boom Chats for ultra-secure text, audio and video communication;

• Boom Social for community building and management. To ensure compliance with local and international regulations, all Boom users must go through KYC at signup, by taking a selfie with either a Government-issued identity card, driver’s license or passport after which their Boom account is activated.

As a free and open eco-system, Boom can be used for consumer-to-consumer (C2C) money transfers, business-to-consumer (B2C) payments, business-to-business (B2B) transactions and also Government-toGovernment (G2G) financial exchanges, especially intra-African, cross border settlements.

There are no fees of any kind on all transactions within Boom, and neither are there any advertising.

Boom’s native utility digital token that transmits value between transacting parties within the Boom ecosystem is the Multicoin (MTCN).

It is an ERC-20 token that resides within the Ethereum blockchain.

The Multicoin processes all transactions within Boom by automatically converting fiat currencies between transacting parties.

This way, a merchant or consumer in Nigeria can purchase goods and services internationally by simply converting the Naira into Multicoins via Boom certified resellers nationwide.

On Boom, everybody can be a Multicoin reseller.

“Thanks to Boom, financial inclusion for all Nigerians and all Africans, is now a reality,” Peter Alfred-Adekeye, Boom Founder and CEO, stated.

Boom can be downloaded in the app stores by searching for “Boom commerce” or via the links below:

• Apple Appstore at; https://apps.apple.com/fr/app/boom-e-commerce-no-banking/id1640059552

• Google Play Store at: https://play.google.com/store/apps/details?id=market.boom.app.android

Alfred-Adekeye added that “Our mission at Boom is to provide the world’s 1.7 billion unbanked consumers, as well as those seeking a safe alternative to traditional commerce, with the unprecedented ability to buy, sell and pay for everything online without a bank account.

“We are also set to foster financial and business inclusion for all, thanks to the power of blockchain and a native token called the Multicoin (MTCN).”

To ensure a safe and secure ecosystem, all users on Boom are KYC’d at signup. Boom is maintained by Boom Foundation.

Learn more about Boom at www.boom.market

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