Growing up in Lagos, Nigeria, a country with a population of over 220 million where 90% of all commercial transactions are trustlessly settled instanty in cash, gave me a first hand exposure to the challenges faced by the unbanked. I’ve since spent a vast amount of time, capital and resources towards connecting the world’s 1.7 billion adults without a bank account to the global digital economy so they can realise their full economic potential.
The solution we’ve created is called Boom, an ecosystem that consist of a blockchain and its native currency the Boomcoin, a Boom superapp that enables the unbanked messes to buy, sell, pay and get paid online without requiring a financial institution for payment processing and Boomswap, a self-custodial decentralised digital asset exchange protocol where real world assets such as currencies, are traded.
The final pillar of the Boom ecosystem is the Boom Foundation, a non-profit dedicated to deploying its grant of 50 million Boomcoins towards social good initiatives.
The first being the a
Boomcoin-to-meals program which starts on 14 April and aims to match Boomcoin donations 1:1 to feed 2 million Nigerians currenly facing food insecurity because of rising inflation.