November 17, 2025Blockchain

Boom Foundation Completes Second Phase of Boomcoin-for-Meals in Nigeria

The Boom Foundation has successfully concluded the second phase of its Boomcoin-for-Meals initiative in Nigeria, providing thousands of families with essential food bundles purchased using air-dropped Boomcoins (BMC).

Through Boom’s digital cash technology, beneficiaries received BMC directly on their phones and redeemed them for curated food bundles at designated pickup points across the country. This model delivers support instantly, directly, and without reliance on traditional banking systems.

The Foundation extends its gratitude to the Chamuze team, whose nationwide coordination ensured smooth distribution, reliable pickup operations, and timely delivery to communities throughout Nigeria.

Boomcoin-for-Meals reflects Boom’s commitment to using crypto as a force for social good, pioneering humanitarian and economic support models that deliver aid quickly, transparently, and inclusively worldwide.

More updates on future phases and additional Boom Foundation initiatives will be shared soon.

The Boom Foundation Team


Whether it’s ordering a pizza or booking a holiday, every online payment has relied on the global banking system — leaving over 2 billion adults, holding $33 trillion in cash, unable to participate. At the same time, the banking system often lacks resilience, with outages disrupting global payments.

Boom digitises cash into stablecoins, bridging the offline and online economies and enabling anyone, anywhere to spend, accept, and save money online — securely, instantly, and without a bank account.

Each Boom stablecoin, including bGBP, is 100% backed by GBP reserves held and managed in-country by regulated financial institutions and invested in short-term government bonds, ensuring stability, transparency, and compliance from day one.

Boom Technologies Ltd is registered in England and Wales (No. 15034868). Boom Markets Ltd is registered under SCUML (No. SC151839892) in accordance with the Money Laundering (Prevention and Prohibition) Act, 2022.

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).

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