August 7, 2024Blockchain

Boom Technologies and Financial Times agree strategic partnership bridging traditional finance and decentralised finance

Introducing The Unbanked Entrepreneur

Boom, the leading e-commerce without banking decentralised finance ecosystem, has signed a three-year strategic partnership with FT Commercial to tell stories about the businesses and billions of adults without access to the global financial system. Called The Unbanked Entrepreneur, the campaign will aim to capture entrepreneurial journeys and celebrate the pioneers fighting to level the playing field.

Boom’s global head of partnerships Sebastiano Moschini said: “Whilst digital transformation has made information and communication instant, the ability to transact and trade digitally is still not universal for over a billion adults. This partnership with the FT will tell the story of the missing billion entrepreneurs and the untapped market they represent.”

FT global commercial director Danny Aldred said: “The Unbanked Entrepreneur is a purpose-driven, multimedia, cross-FT partnership that will spotlight those who show entrepreneurial spirit around the world, and also raise important issues around financial inclusion. This is a story that the FT is proud to tell alongside Boom.”

About Boom

At Boom we are building a revolutionary new world of e-commerce without banking for the billions of consumers and businesses with no access to the global financial system by connecting their trillions of dollars in cash, to the the global digital economy, enabling them to securely store, move, exchange, send, accept and spend their cash online on goods and services worldwide, while maintaining full control of it.

The Boom ecosystem consists of the Boom blockchain as the layer 1 payments rails, Boom superapp and Boomswap at layer 2 where value is exchanged between merchants, consumers and traders via the Boomcoin, the ecosystem’s native asset. The Boom Foundation is the ecosystem’s non-profit arm which deploys crypto-for-social-good and Boom Capital, the venture arm that aims to invest in 1000 entrepreneurs with ideas that extend the utility of the ecosystem, at pre-seed stage.

To learn more about Boom, please visit www.boom.market

About the Financial Times

The Financial Times (FT) is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. The FT has a record paying readership of 1.4mn, more than one million of which are digital subscriptions. It is part of Nikkei Inc., which provides a broad range of information, news and services for the global business community.


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).

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