July 8, 2024Blockchain

Boom Partners with Fireblocks to Enable Thousands of Institutions & Businesses to Off-ramp Digital Assets into Goods, Services and 67 Fiat Currencies.

Boom, the e-commerce without banking ecosystem, has signed a blockchain integration partnership with digital asset management firm Fireblocks to integrate the Boom blockchain ('Boomchain') into Fireblocks making Boomcoin (BMC) and all the digital assets and tokens on Boomchain, instantly available to trade on all major exchanges, liquidity providers, banks, and hedge funds, already connected to the Fireblocks Network. These include BNY Mellon, ABN-AMRO, Worldpay, Revolut and many more.

The partnership also means that Fireblocks PSPs (Worldpay, checkout.com, etc.) can integrate Boom Pay, the online payment gateway that enables merchants to collect payments from 1.7 billion unbanked consumers.

Speaking about the partnership, Boom Founder and CEO Peter Alfred-Adekeye said that “Integrating the Boom blockchain into Fireblocks makes BMC readily accessible to thousands of exchanges, custodians, banks, traders, and hedge funds, while also providing our liquidity partners, merchants, corporates, and businesses with a highly secure way to store, move, and manage BMC and other ecosystem digital assets.' Peter added ’The best part of this integration is that it enables the thousands of Fireblocks connected businesses to off-ramp their digital assets into goods, services, and 67 fiat currencies through Boom.'

About Boom blockchain

The Boom blockchain is open, transparent, and community-run. It uses a proof-of-commerce consensus mechanism, meaning anyone running a node and providing liquidity to Boomswap, the ecosystem’s decentralised asset exchange protocol, can become a validator.

The blockchain is also home to the Boom e-commerce without banking superapp, a complete commerce ecosystem that includes Boom Marketplace, Boom Wallet, Boom Talks, and Boom Hose.

About Boom

Boom has ushered in a new era of financial freedom by enabling everybody to transact online without banking, and to pay for goods and services across borders in their local currencies. As an equitable, inclusive, and currency-agnostic global commerce ecosystem, Boom securely connects cash to the global digital economy while securing the socio-economic well-being of the underserved, for generations to come. Welcome to Boom, the next evolution of money and commerce.

About Boom Foundation

Boom Foundation is the politically neutral, non-profit arm of the Boom DeFi ecosystem, aiming to make impact investments for social good using its grant of 50m BMC. Boom Foundation initiatives are branded Boomcoin-for-X, where X= meals, schools, teachers, medicine, nurses, shelter, clothing, environment, and many other charitable causes. Unlike other foundations, all Boom Foundation investments are transparently trackable on the open and public Boom blockchain.

About Fireblocks

Fireblocks is an enterprise-grade platform delivering secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. They have secured the transfer of over $100bn in digital assets and have a unique insurance policy that covers assets in storage & transit.