Boom for

Governments & Central Banks

90% of all transactions in Africa, Latin America and South East Asia are cash based. This means that Governments are losing out of VAT revenue. On Boom, VAT is collected off all transactions

Why is Boom interesting for
Governments and Central Banks?

VAT Revenue Collection

On Boom, all transactions are subject to VAT collection, an important source of revenue for your treasury.

Cashless Economy

By fostering a cashless economy, Boom lowers the costs of minting, printing, transporting and storing cash for Central Banks

Liquidity Provision & Fiat Custody

As the issuer of banknotes, the sole risk-free asset in the financial system, Central Banks are Boom’s Liquidity Provider partners and the custodians of the cash deposits that serve as 1-to-1 collateral for all the tokenised currencies within the Boom DeFi Ecosystem. Thus, all transactions within Boom are ultimately settled in central bank money via RTGS interoperability with the Boom blockchain.