Terms of Service

1.Introduction

Welcome to Boom.market, operated by Boom Technologies Ltd (“Boom,” “we,” “us,” or “our”). By accessing or using our platform, you agree to these Terms and Conditions, which govern your use of our services. Please read them carefully.

2. Eligibility and Account Registration

  • To use Boom, users must register an account and complete Know Your Customer (KYC) verification by submitting a valid government-issued ID.
  • Upon successful KYC, users create a self-custodial wallet secured by a 12-word secret recovery phrase (“seed phrase”). Users are solely responsible for securing this phrase. Boom cannot recover wallets or funds if the seed phrase is lost.

3. Merchant Onboarding

  • Merchants wishing to sell goods or services on Boom must complete Know Your Business (KYB) verification by submitting a valid proof of business address and a certificate of incorporation.
  • Merchants can begin listing goods and services only after successful KYB approval.

4. Use of Boom Wallet and Transactions

  • Boom Wallet is a self-custodial wallet; users retain exclusive control over their private keys. Boom does not have access to users’ wallets or funds.
  • All transactions on Boom are conducted using digital assets and tokenised currencies. These assets may be volatile and subject to regulatory and market risks.

5. Escrow and Customer Protection

  • Boom provides an Escrow service that holds payments for goods and services until customers confirm receipt.
  • If a customer does not confirm receipt, the funds are automatically returned to the customer.
  • If a customer does not confirm receipt, the funds are automatically returned to the customer.

6. Tokenised Assets Backing

  • Tokenised currencies offered by Boom, such as tokenised GBP (bGBP), are backed 1:1 by GBP-denominated reserves held within the UK.
  • Reserves are managed in a Boom Reserve Fund, custodied by regulated financial institutions, and may include short-dated government bonds, gold, Bitcoin, and cash.

7. Risks and Disclaimers

  • Boom is not a bank and does not offer regulated financial or advisory services. Boom is not authorised or regulated by the UK Financial Conduct Authority (FCA) or any other regulatory authority.
  • Digital assets are subject to high volatility and risk of loss. They are not legal tender and are not covered by deposit insurance or the Financial Services Compensation Scheme (FSCS).
  • Users should conduct their own due diligence and may wish to seek independent financial advice before engaging in digital asset transactions.

8. Information We Collect

  • We collect personal information you provide during registration, KYC, and KYB processes, including government-issued IDs and business documents.
  • We may collect transactional data and usage information to improve services, comply with legal obligations, and detect fraud.
  • All collected data is encrypted at rest to protect your privacy and security.

9. License to Use Boom Services

  • Subject to these Terms, Boom grants you a limited, non-exclusive, non-transferable, revocable license to access and use the platform solely for lawful purposes.
  • You agree not to use Boom for any unlawful or prohibited activities.

10. Rules and Conduct

  • Users agree to use Boom responsibly and lawfully.
  • Prohibited conduct includes fraud, money laundering, using Boom to transact illegal goods or services, infringing intellectual property rights, or disrupting platform operations.
  • We reserve the right to suspend or terminate accounts violating these rules.

11. License to Boom

  • By using Boom, you grant Boom a non-exclusive, worldwide, royalty-free license to use, store, reproduce, and display any content or information you provide for the purpose of operating and improving the platform.
  • You represent and warrant that you own or have rights to grant this license.

12. User Responsibilities

  • Users are responsible for compliance with all applicable laws and regulations in their jurisdiction.
  • Users must safeguard their wallet seed phrase and private keys. Loss or theft of these credentials may result in permanent loss of assets.

13. Limitation of Liability

  • To the fullest extent permitted by law, Boom excludes all liability for any loss or damage arising from the use of its services, including but not limited to loss of funds, data, or profits.
  • Boom does not guarantee uninterrupted access or error-free operation of the platform.

14. No Warranties

  • Boom provides its services “as is” and “as available,” without any warranties of any kind, whether express, implied, statutory, or otherwise.
  • Boom disclaims all warranties, including but not limited to merchantability, fitness for a particular purpose, and non-infringement.

15. Indemnification

  • You agree to indemnify, defend, and hold harmless Boom, its affiliates, officers, directors, employees, and agents from and against any claims, damages, losses, liabilities, costs, or expenses arising out of or related to your use of Boom, violation of these Terms, or infringement of any third-party rights.

16. Dispute Resolution

  • Any disputes arising from these Terms will be resolved through good faith negotiations. If unresolved, disputes will be subject to the exclusive jurisdiction of courts in England and Wales.

17. Amendments

  • Boom reserves the right to modify these Terms and Conditions at any time without notice.

18. Miscellaneous

  • These Terms constitute the entire agreement between you and Boom regarding your use of the platform and supersede any prior agreements.
  • If any provision of these Terms is found to be unenforceable or invalid, that provision will be limited or eliminated to the minimum extent necessary, and the remaining provisions will remain in full force and effect.
  • No waiver of any term shall be deemed a further or continuing waiver of such term or any other term.

19. Governing Law

  • These Terms and Conditions are governed by and construed in accordance with the laws of England and Wales.
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Developers

Legal

Whether it’s ordering a pizza or booking your next holiday, all online payments require a bank account—yet over 2 billion adults worldwide remain unbanked, limiting their participation in the digital economy. They rely solely on cash, which cannot be spent online.

Boom Technologies Ltd (“Boom”) bridges this gap by digitising cash and connecting it to the global digital economy, empowering everyone to securely spend, accept, and save cash online—without ever needing a bank, while maintaining robust compliance with AML/KYC regulations. Each transaction is traceable, verified, and compliant with local and international financial regulations.

Digital assets are generally subject to high volatility, regulatory uncertainty, and operational risk. Users should conduct their own due diligence and may wish to seek independent financial advice before engaging in any digital asset activity.

Tokenised Cash on Boom — including the tokenised GBP (bGBP) — should not experience volatility because they are backed 1:1 by GBP-denominated reserves held in-country for the benefit of bGBP holders. These reserves are managed in a Boom Reserve Fund, custodied by regulated financial institutions, and may consist of short-term Government bonds, gold, Bitcoin, and cash.

Boom Technologies Ltd, registered in England & Wales (Company No. 15034868), is not a bank, does not operate as one, and does not intend to become one. Boom is not authorised or regulated by the UK Financial Conduct Authority (FCA).

Over 2 billion adults worldwide remain unbanked, limiting access to the digital economy. Most online payments require a bank account, but many still rely on cash, which can’t be used online.

Boom Technologies Ltd (“Boom”) digitises cash, enabling anyone to securely spend, accept, and save it online—without needing a bank account. Transactions are verified, traceable, and compliant with AML/KYC standards.

While digital assets involve volatility and regulatory risk, Boom’s tokenised GBP (bGBP) is backed 1:1 by GBP reserves held by regulated custodians. These may include government bonds, gold, Bitcoin, and cash.

Boom is not a bank and is not authorised or regulated by the UK Financial Conduct Authority (FCA).

BOOM Technologies (UK) Ltd © 2025 All Rights Reserved